Recently, XGD's brand Paykka has successfully obtained the Money Service Operator (MSO) license issued by the Hong Kong Customs. This achievement marks a significant milestone for XGD in the cross-border payment sector and lays a solid foundation for the expansion of its global business.

The MSO license is a crucial permit issued by Hong Kong Customs, serving as an essential measure to regulate the financial market and ensure transparent and secure fund flows. Institutions holding this license can legally conduct currency exchange and remittance services in Hong Kong, providing legal assurance for cross-border payments. Previously, XGD has also received various qualifications, including the Luxembourg PI license, the U.S. MSB license, and domestic bank card acquiring licenses. The acquisition of the MSO license further enhances the group’s licensing portfolio, significantly boosting its competitiveness in the global payment market.

As a cross-border payment brand under XGD, Paykka is dedicated to providing efficient and secure payment solutions for enterprises. The brand has launched a series of innovative products, including local acquiring services overseas and B2B foreign trade payment solutions, both of which have seen significant progress recently. Paykka's local acquiring services are rapidly expanding, offering convenient and efficient payment solutions to merchants in Europe. Additionally, the B2B foreign trade payment service has achieved a successful launch, securing its first transaction shortly after going live, thereby establishing a strong foundation for future growth. Paykka’s offerings simplify complex cross-border transactions while substantially reducing payment costs and enhancing fund flow efficiency, providing a smooth pathway for many Chinese enterprises looking to expand into overseas markets.

Furthermore, Paykka is actively pursuing banking collaborations. In March, Paykka successfully won a bid for a cross-border payment service project with a leading bank. The brand is also promoting a direct-to-direct model, having established a partnership with a company that serves a government foreign trade platform, jointly providing a one-stop payment solution for cross-border enterprises. This collaborative model will help Paykka broaden its business channels and gain the trust and support of a more diverse client base. Paykka remains committed to working closely with partners within its ecosystem to build a more comprehensive global payment network, providing robust support for Chinese enterprises looking to "go global."

Moving forward, XGD Paykka will continue to embrace an open and innovative spirit, enhancing its service capabilities. Leveraging professional payment technology and a global strategic layout, Paykka aims to secure a prominent position in the cross-border payment market. The brand will also stay attuned to industry trends and technological advancements, continually improving its innovation capabilities and service levels to meet the increasingly diverse payment needs of its clients. We look forward to XGD Paykka continuing to leverage its strengths in the payment sector, actively expanding its cross-border payment business, and collaborating with more partners to create a bright future in cross-border payments.