Business
VCI Global Partners with Oobit to Expand Access to the US$3.1 Trillion Global Payment Market for Crypto-to-Fiat Transactions
Voobit to Launch as a Next-Generation Rail Enabling Merchants to Receive Instant Fiat Settlement From USDT, Bitcoin and Ethereum Payments Without
About this update from Vci Global Limited
[{"type":"text","content":"Voobit to Launch as a Next-Generation Rail Enabling Merchants to Receive Instant Fiat Settlement From USDT, Bitcoin and Ethereum Payments Without Intermediaries\nKUALA LUMPUR, Malaysia, Nov. 25, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global” or the “Company”) today announced a strategic partnership with Oobit, a global digital payment enabler, to expand access to the global payment market through new crypto-to-fiat settlement infrastructure. The collaboration will enable digital-asset payments with instant fiat conversion for merchants across ASEAN and other high-growth emerging markets. Oobit’s platform, already live in multiple regions, allows consumers to pay using USDT, Bitcoin, Ethereum, OOB, and other major digital assets, while merchants receive real-time fiat settlement in their preferred local currencies. Oobit is backed by institutional investors, including Tether, CMCC Global, 468 Capital, and industry leaders such as Anatoly Yakovenko, co-founder of Solana. This partnership leverages Oobit’s operational platform while expanding its reach into underbanked and high-growth SME markets. Under the partnership, VCI Global will support Oobit in accelerating merchant onboarding, enterprise integrations, and regional market expansion, with a particular focus on ASEAN’s SME sector, one of the region’s largest underserved business ecosystems. By combining VCI Global’s regional expertise and Oobit’s technology, the collaboration aims to address long-standing gaps in financial infrastructure and payment accessibility. Building the Next Global Payment Rail: “Oobit Today, Voobit Tomorrow” Phase 1- Oobit’s Current Infrastructure (Crypto Payments to Instant Fiat) Oobit’s existing system enables crypto-denominated consumer payments while merchants receive instant fiat settlement. Currently, this settlement model leverages Visa and Mastercard rails, which can limit expansion in markets where card-scheme licensing is restricted or unavailable. VCIG will collaborate with Oobit to: Secure market access in key ASEAN jurisdictionsBroaden merchant acceptance and enterprise use casesSupport regulatory alignment and complianceExpand crypto-to-fiat settlement across high-growth economies This phase ensures immediate deployment using Oobit’s live infrastructure and allows rapid adoption among existing merchants. Phase 2...