VCI Global Partners with Oobit to Expand Access to the US$3.1 Trillion Global Payment Market for Crypto-to-Fiat Transactions
Rhea-AI Summary
VCI Global (NASDAQ: VCIG) announced a strategic partnership with Oobit to expand crypto-to-fiat payment infrastructure across ASEAN and other emerging markets, and to jointly build Voobit, a new settlement rail. The collaboration enables merchants to receive instant fiat settlement from USDT, Bitcoin, and Ethereum payments and aims to remove dependence on Visa/Mastercard rails.
Key facts: the global payments market is cited at US$3.12 trillion (2025); Voobit rollout is targeted to begin early 2026 in Malaysia, Singapore, and Indonesia; Oobit is already live in multiple regions and backed by institutional investors including Tether.
Positive
- Targets the US$3.12 trillion global payments market (2025)
- Voobit rollout targeted early 2026 in Malaysia, Singapore, Indonesia
- Enables instant fiat settlement from USDT, Bitcoin, Ethereum
- Aims to operate without Visa/Mastercard dependency and intermediaries
Negative
- Current settlement model relies on Visa/Mastercard rails, limiting expansion in restricted-license markets
- Expansion depends on regulatory alignment across multiple ASEAN jurisdictions
Insights
Strategic partnership aims to deploy crypto-to-fiat settlement rails across ASEAN with phased live deployment starting in
VCI Global partners with Oobit to extend a live crypto-to-fiat settlement product into underbanked ASEAN SME markets and to co-develop Voobit, a new settlement rail that intends to remove dependency on Visa/Mastercard and acquiring banks. The current model uses existing card rails for instant fiat conversion; Phase 2 targets a bankless rail offering instant fiat settlement from USDT, Bitcoin, and Ethereum with lower fees and 24/7 settlement.
Key dependencies include regulatory approvals across jurisdictions, merchant adoption in SME segments, and the technical delivery of a secure, compliant rail. The partnership cites a
Voobit to Launch as a Next-Generation Rail Enabling Merchants to Receive Instant Fiat Settlement From USDT, Bitcoin and Ethereum Payments Without Intermediaries
KUALA 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 jurisdictions
- Broaden merchant acceptance and enterprise use cases
- Support regulatory alignment and compliance
- Expand 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 - Voobit: A New Rail Without Visa/Mastercard Dependency
VCI Global and Oobit will jointly develop Voobit, a next-generation settlement rail engineered to operate independently of traditional card networks and acquiring banks. Voobit will enable:
- Instant fiat settlement from USDT, Bitcoin, and Ethereum payments
- Zero intermediaries
- Lower fees and 24/7 settlement
- Bankless merchant operations
- Real-time liquidity for SMEs
- Cross-border usability without card-network limitations
Voobit is designed for markets with underdeveloped financial infrastructure, offering a scalable alternative for millions of small businesses. Rollout is targeted to begin in early 2026 across Malaysia, Singapore, and Indonesia, unlocking new markets and reducing reliance on traditional card rails.
“We’re excited to expand our footprint across ASEAN together with VCI Global. Voobit represents the evolution of global payments, offering instant, borderless, and efficient solutions. As partners, we aim to simplify and accelerate how merchants receive payments in an increasingly digital economy,” said Amram Adar, Founder and CEO of Oobit.
Expanding Into a Massive Market Opportunity
The global payments market is estimated at approximately US
This environment creates a strong opportunity for Voobit, which provides instant, compliant, and cost-efficient crypto-to-fiat settlement. By enabling real-time fiat conversion from digital asset payments, Voobit can help SMEs and micro-merchants overcome fragmented payment infrastructure, participate more fully in the digital economy, and unlock new revenue streams in underserved markets.
“Our goal is to solve real payment challenges for SMEs across ASEAN. Working with Oobit allows us to strengthen an existing global payment system while jointly building Voobit, the next-generation settlement rail that removes intermediaries and opens entirely new markets. This partnership marks a major step forward in advancing digital financial access,” said Dato’ Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global.
About VCI Global Limited
VCI Global Limited is a cross-sector platform builder at the forefront of technology and financial architecture. The Company focuses on developing and scaling platforms across artificial intelligence, encrypted data infrastructure, digital treasury systems, and next-generation capital market solutions.
By integrating technology innovation with financial ecosystems, VCI Global enables enterprises, governments, and institutions to capture opportunities in the evolving digital economy. The Company’s strategy is centered on building scalable platforms that deliver resilience, efficiency, and long-term value across multiple high-growth sectors.
For more information on the Company, please log on to https://v-capital.co/.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company’s ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. These forward-looking statements are based only on our current beliefs, expectations, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of our control. Therefore, you should not rely on any of these forward-looking statements. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company’s ability to achieve profitable operations, customer acceptance of new products, the effects of the spread of coronavirus (COVID-19) and future measures taken by authorities in the countries wherein the Company has supply chain partners, the demand for the Company’s products and the Company’s customers’ economic condition, the impact of competitive products and pricing, successfully managing and, general economic conditions and other risk factors detailed in the Company’s filings with the United States Securities and Exchange Commission (“SEC”). The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law.
CONTACT INFORMATION:
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FAQ
What did VCI Global (VCIG) announce on November 25, 2025?
When will Voobit rollout begin for VCIG and Oobit in ASEAN?
Which digital assets will VCIG and Oobit support for instant fiat settlement?
How does Voobit aim to differ from existing payment rails for VCIG shareholders?
What market size does the VCI Global announcement target for Voobit?
