PayFi Unveiled, a highlight side event of Consensus 2025, brought together leaders from traditional finance (TradFi), Web3, regulators, and technological innovation to discuss developments in the digital finance sector. Hosted by Upay and co-organized by JunHe LLP, GlobalZ, ApacX, and strategic partner 2Square Capital, the event provided an in-depth discussion around crypto payments, regulatory frameworks, and differences in compliance requirements between jurisdictions.

As Hong Kong strives to become the core of global Web3 development, PayFi Unveiled provides an opportunity to help all parties analyze the future regulatory frameworks, infrastructure developments, and adoption strategies that will shape the PayFi ecosystem. Focusing on the intersection of policy and innovation, the event provided expert-led discussions, insights into compliance trends, and explored scalable infrastructure that drives PayFi adoption.

PayFi was undoubtedly one of the core topics of Consensus 2025, and multiple side events launched in-depth discussions on this topic from different angles. Unlike discussions that focus on on-chain technology and theoretical use cases, this event focused on products that have been widely used in the industry and provided valuable insights on legal issues, compliance challenges, and how to deal with these challenges.

The conference explored the future trends of PayFi regulatory policies and how companies can actively respond to this changing environment. Hong Kong's licensing system was analyzed in depth, focusing on how to find a balance between high compliance costs and the survival of startups. Experts from Junhe Lawyers and GlobalZ provided valuable advice on how to deal with these challenges, and Upay and ApacX also shared their respective operating strategies. The global compliance environment was also analyzed, with a particular focus on payment licenses in various key regions and the potential risks associated with stablecoin applications.

Upay's CEO Owen outlined the legal framework under which the company operates and discussed the PayFi solutions they plan to provide, including improving the accessibility of existing card payment solutions and making them more adaptable to the blockchain payment ecosystem.

ApacX's Simon provided an in-depth analysis of the integration of cryptocurrencies with traditional financial payment systems, focusing on how this integration affects the competitive landscape of the payment industry, especially between traditional financial companies and Web3 payment companies. The entry of traditional financial institutions into the PayFi field brings both opportunities and challenges to existing Web3 payment startups.

JunHe's Jacquline shared the differences in regulatory environments between Europe, Hong Kong, and Singapore. She suggested that startups doing crypto business should not only pay attention to cryptocurrency-related regulations, but also plan with reference to existing relevant frameworks.

The Future of PayFi: A Collaborative Ecosystem

As a bridge between policy and innovation, PayFi Unveiled is at the forefront of driving the future of PayFi. This event provides a valuable opportunity for professionals in the financial and technology fields to participate in forward-looking dialogues, gain actionable insights, and expand their networks.

Join us at PayFi Unveiled to witness the convergence of regulation, infrastructure, and applications to jointly shape the future of digital finance.

About Upay

Founded in 2023, UPay is a leading fintech company dedicated to creating a global digital asset banking platform. We provide a full range of services including card payments, global remittances, mortgages, and wealth management. Our mission is to bridge the gap between digital assets and traditional finance and promote the global development and application of the digital economy.

Upay focuses on compliance, security and convenience, and has obtained operating licenses in multiple jurisdictions, including Hong Kong, the United Arab Emirates, Lithuania and the United States. Our services support multiple cryptocurrencies, and users can use crypto assets for loans, card payments and global remittances. We are committed to providing fast, secure and flexible financial services, and ensure full compliance with the highest international standards.

For more information, please visit www.upay.com or follow our official Twitter account.