OrbitX Targets Southeast Asian Retail Commerce with Stablecoin QR Payment Deployment in Vietnam and the Philippines

HO CHI MINH CITY, Vietnam, Sept. 01, 2026 (GLOBE NEWSWIRE) -- OrbitX today announced the strategic expansion of its payment platform into Southeast Asia, introducing native QR payment functionality powered by self-custodial stablecoin balances. The service goes live today in Vietnam and the Philippines, initiating a staged rollout across more than 15 international markets.

The expansion directly targets the predominant payment infrastructure of Southeast Asia, where QR code scanning represents the primary method for daily consumer and commercial transactions. From street vendors, wet markets, and transportation providers to established retail chains and pharmacies, QR networks serve as the core transactional framework.

Prior to OrbitX's deployment, stablecoin holders in these regions faced a disconnection between their digital asset balances and physical merchant networks. While stablecoins provided an efficient mechanism to hold and transfer value across borders, spending those funds on daily necessities required navigating multi-step conversions through local banks or exchange services. The OrbitX update resolves this friction by enabling users to load stablecoins and execute instant QR payments in local fiat currencies—including Vietnamese dong and Philippine pesos—without requiring local bank accounts or money exchange visits.

The QR engine completes OrbitX's comprehensive self-custodial financial stack, which integrates four primary operational capabilities:

• Virtual Account Infrastructure: Named virtual accounts covering major global currencies, including USD, EUR, GBP, AED, NGN, BRL, and MXN, allowing users to collect international payments directly into self-custodial storage.
• Merchant Card Access: OrbitX Visa payment cards accepted across 150 million merchant locations worldwide.
• International Transfers: Direct global payout rails reaching recipient accounts in more than 80 countries with real-time settlement.
• Point-of-Sale Integration: Instant QR scan-and-pay capability connected directly to national domestic payment channels.

In addition to serving individual retail users, the platform addresses substantial cost inefficiencies encountered by businesses operating across emerging markets. Companies relying on traditional banking channels for cross-border commerce regularly incur 3 to 5 percent foreign exchange markups when clearing U.S. dollar-denominated payments for software, cloud infrastructure, online advertising, and international vendors. For a business maintaining $15,000 in monthly dollar-denominated expenditures, banking markups consume between $5,400 and $9,000 annually in addition to standard clearing delays of three to five business days.

OrbitX replaces conventional correspondent banking chains with transparent stablecoin architecture, delivering immediate settlement and removing hidden exchange markups. Because all accounts operate under a self-custodial model, client funds remain in user-controlled wallets, insulating businesses from counterparty default and bank-side lockups.

"QR codes are the fundamental payment language for hundreds of millions of consumers across Southeast Asia," said Ankitt Gaur, Founder and CEO of OrbitX. "Until today, stablecoin balances were completely excluded from this daily commercial environment. By bridging digital dollar balances directly into domestic QR networks, we are converting stablecoins from passive holdings into functional everyday currency at coffee shops, bus stations, and local markets."

Gaur further stated: "Our broader mission is to remove the economic barriers that have historically burdened businesses and talent in developing economies. Whether it is an independent consultant in Manila or an enterprise in Lagos, our platform offers the financial velocity, low transaction costs, and self-custodial security needed to compete globally."

Implementation & Availability
QR payment capabilities are live immediately for all OrbitX account holders in Vietnam and the Philippines, with 13+ additional markets launching over the next several weeks on local clearing rails. Individual accounts are available instantly upon signup, while corporate account verification is processed in 3 to 4 days. Further information and platform access are hosted at orbitxpay.com

About OrbitX
OrbitX is an all-in-one borderless finance platform powered by stablecoin technology, accessible via mobile application and enterprise API. Engineered for individuals and enterprises operating across Latin America, Africa, the Middle East, and Asia, OrbitX offers named multi-currency virtual accounts, self-custodial security, Visa payment cards, cross-border payouts to 80+ countries, and localized QR merchant integration. Driven by its motto, "Banking without borders. Custody without compromise," OrbitX delivers friction-free financial access globally.

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