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Since its founding in 2018, PAYCLE Inc. (hereinafter "PAYCLE") has operated with the mission of creating a better future through technology. We are pleased to announce that on November 15, 2023, PAYCLE entered into a business alliance agreement with UPCX-Platforms PTE. LTD. (hereinafter "UPCX"), a company developing an open-source payment system based on a high-speed blockchain specialized for payment and financial services.

Background and Objectives of the Alliance

PAYCLE possesses extensive expertise and research achievements in the fields of blockchain and financial technology. By combining this technical prowess with UPCX’s mission to provide highly efficient and scalable payment infrastructure, both companies aim to accelerate the development and social implementation of next-generation financial services. Through this partnership, PAYCLE will serve as a key technology partner, contributing to the architectural design, core development, and security enhancements of the UPCX blockchain platform.

Future Outlook

Moving forward, PAYCLE and UPCX will work in close coordination to realize a more convenient and secure digital economy. By providing innovative solutions that address the evolving needs of global financial markets, we strive to contribute significantly to the advancement of blockchain technology and the transformation of global payment systems.