Cross-border payments and fintech innovator Payful announced a strategic decision to integrate Kinexys by J.P. Morgan’s Kinexys Digital Payments network, to enable instant foreign-exchange settlement via blockchain technology, removing time constraints in cross-border transactions and advancing innovation in corporate payments and treasury management.

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As a leading digital-payments provider, Payful offers multi-currency, multi-scenario payment capabilities with global network coverage. Kinexys Digital Payments enables on-chain FX settlement, providing near real-time cross-border payments, automated settlement, and secure data exchange.

Through this strategic collaboration, Payful has integrated the Kinexys Digital Payments network into its solutions and applied blockchain technology to the Payful Card launched with Visa. Leveraging its robust automatic sweep and intelligent processing capabilities, Payful can deliver an efficient and reliable end-to-end solution for debit repayments, ensuring balances are replenished in real time and elevating the payment experience.

Once a payment instruction is initiated, it is immediately processed by the Kinexys Digital Payments network. The system performs a debit authorization whitelist check, rigorously verifying the transaction to mitigate risks and safeguard fund transfers. Upon successful security validation, Kinexys Digital Payments’ automatic sweep capability is fully activated. Based on preconfigured rules, funds are smoothly transferred from physical accounts to Blockchain Deposit Accounts, achieving both efficient circulation and transparent, traceable fund management through blockchain technology.

Finally, Kinexys Digital Payments executes the payment instruction, transferring funds in real time through the on-chain network to the corresponding Visa account. The entire process is seamless and near instantaneous, truly realizing “instruction initiated, balance replenished,” and delivering a near real-time payment experience for users.

Payful representative, Group Managing Partner Ye Jianfeng commented:

“With our collaboration with Kinexys by J.P. Morgan, we have developed a flexible and efficient real-time payment and treasury solution for enterprise clients. This accelerates the flow of capital and information, enabling businesses to respond swiftly to changes and enhance operational efficiency.”

A Kinexys representative, Naveen Mallela, Global Co-head of Kinexys by J.P. Morgan added:

"This collaboration demonstrates the synergy between agility and resilience in fintech. By advancing this innovation model, we aim to reinforce the role of blockchain in cross-border payments and empower enterprises to achieve a digital transformation in payments and treasury management."

Payful, formerly known as Global E-Payment, has held payment licenses in multiple countries under the Group and operated third-party cross-border payment services for the past decade. In October 2025, Global E-Payment officially announced its brand upgrade and rebranded as Payful. Looking ahead, Payful will continue to explore additional use cases, including expanding global pay-in/pay-out capabilities, optimizing multi-currency settlement workflows — building a comprehensive, flexible, and secure payments ecosystem for enterprise clients worldwide.

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