HK Stock Market Move | YEAHKA (09923) rose by over 6% recently announced that it has obtained the MTL payment license in the United States. The company is actively expanding its cross-border related business.

YEAHKA (09923) surged more than 6%, rising by 6.61% at the time of writing to 10 Hong Kong dollars, with a trading volume of 60,125,000 Hong Kong dollars. On the news front, recently YEAHKA announced that it has been awarded the Money Transmitter License (MTL) by the financial regulatory department of the state of Arizona in the United States. This is another important payment license obtained by YEAHKA after the Money Services Business (MSB) license, signaling a significant step forward in YEAHKA's global strategy. It is reported that since 2021, YEAHKA has explored overseas markets and obtained payment licenses and related qualifications in Hong Kong, Singapore, and the United States, and has launched local wallets, overseas wallets, credit cards, acquiring services, foreign exchange, and cross-border remittance services. It is noteworthy that since the beginning of 2025, there have been frequent favorable policies in the field of cross-border payments, with strong growth in cross-border consumption and trade, and the interconnection of cross-border QR code payments has been accelerating. In addition, the Huaxi overseas research team pointed out that stablecoins have enormous potential in the field of cross-border payments. It is known that YEAHKA has been conducting local QR code and bank card acquiring in Singapore and Hong Kong, with a year-over-year growth of over 50% in Singapore's GPV in the first half of 2024. In 2023, it expanded business with globally renowned wallets and signed a global strategic cooperation memorandum with Alipay International.