OKX Pay Now Live in Singapore: Scan to Pay with Stablecoins at GrabPay Merchants-Partners

The next generation of stablecoin payments begins now with the launch of OKX Pay in Singapore. OKX Pay is Singapore's first* stablecoin-powered scan-to-pay service, enabling customers to pay with USDT or USDC stablecoins at GrabPay merchant-partners by scanning their GrabPay SGQR** code.

This opens up stablecoin payments to an extensive network of shops, cafés, restaurants, and hawker stalls that are part of GrabPay's merchant-partner ecosystem - no complicated steps. Just easy, instant payments.

OKX Pay is built right into OKX SG, Singapore's New Money App. Now, instead of only using stablecoins for trading and investing, you can use them to pay for practically anything. Simply open the OKX SG app, scan the GrabPay merchant-partner's SGQR code, enter the amount and payment is processed instantly - with merchants receiving SGD while payment comes from customers' stablecoin balance.

This seamless experience is powered by our collaboration with StraitsX and Grab, two trusted companies that have local roots and global reach.

Why use OKX Pay?

• Convenience, everywhere: Scan, pay, and go at thousands of locations participating as GrabPay merchant-partners - including Best Denki, Cedele, Jumbo and Toast Box - no top-ups, no extra steps

• An added use case for stablecoins: Go beyond trading and investing. With OKX Pay, your stablecoins can be used to pay at your favourite merchants

• Peace of mind and control: Your funds remain under your control, via our simple and secure platform

• Instant, trustworthy payments: You get the convenience of instant transactions while merchants receive settlement in SGD

Why it matters, and why now?

Using stablecoins for real-world payments has felt out of reach due to complex processes, unreliable solutions, and limited merchant adoption - until now. With today’s launch of OKX Pay in Singapore, stablecoins improve everyday life, making it simple to spend and send funds with ease.

There’s no better city for this than Singapore: a global leader in digital innovation and cashless payments. By combining the flexibility of stablecoins with a seamless experience, OKX Pay puts customers in control of their stablecoins for daily transactions with instant payment features.

That’s what we mean by a New Money App: bringing together stablecoins and the convenience, security and real-world utility of everyday payments.

Ready to experience the future of spending?

Open your OKX SG app, scan, pay, and see how easy it is to use stablecoins for everyday purchases. Learn more at: https://www.okx.com/en-sg/pay

*OKX Pay is the first stablecoin payment service in Singapore to use major stablecoins like USDT and USDC at GrabPay merchants. **Includes any Singapore Quick Response Code (SGQR) code that accepts GrabPay.