UQPAY has officially registered as an Australian Financial Services (AFS) authorised representative with the Australian Securities and Investments Commission (ASIC), clearing the path for its commercial expansion into the local market.

The registration, effective 15 April 2026, allows UQPAY Pty Ltd, the Australian subsidiary of UQPAY Group, to provide financial services to both local and international enterprises operating within the country.

With this regulatory framework in place, the company intends to launch a suite of digital payment services.

These offerings include aggregated acquiring solutions to streamline merchant payment acceptance, alongside virtual banking options designed to let businesses manage local AUD accounts.

Additionally, the firm will introduce corporate card issuance, drawing on UQPAY Group’s principal membership with card schemes including Visa, Mastercard, and UnionPay International.

These services connect directly to the group’s broader cross-border network, which spans more than 200 countries and regions.

“This registration reflects our dedication to regulatory excellence and our long-term commitment to the Australian market,”

said Jack Li, CEO of UQPAY Group.

“Australia is a key market in our global expansion strategy, and achieving ASIC authorisation is a critical foundation for delivering trusted, compliant, and innovative payment solutions to businesses here.”

The subsidiary plans to continue investing in its local operational capabilities by deepening ties with domestic financial institutions and broadening its commercial product line to meet the requirements of Australian merchants.

Featured image credit: Edited by Fintech News Australia, based on image by creativewizard via Magnific