Crosshub, which provides fintech and blockchain-based digital identity authentication and payment services, announced on the 11th that it signed a supply contract with Thai fintech company Blockfint at the 'Techsauce Global Summit 2025' held in Bangkok, Thailand.
This agreement is part of the 'Korea Tourism Startup Center' program hosted by the Ministry of Culture, Sports and Tourism and the Korea Tourism Organization, and was established to support strategic cooperation between domestic startups aiming to enter the Asian market and local companies.
Blockfint, a company that partners with the Bank of Thailand and major financial institutions, provides AI- and blockchain-based digital identity authentication and financial infrastructure solutions. Leveraging facial recognition, passport OCR, and financial data processing technologies, the company is gaining recognition in the digital onboarding sector. Through this agreement, Blockfint plans to integrate Crosshub's "IDBlock" digital identity authentication service and global payment infrastructure "B·Pay" into its platform, expanding its services to both Thai users and foreigners.
Notably, Blockfint boasts a network of approximately 200,000 offline stores and financial systems, so this agreement establishes the foundation for Crosshub's technology to be applied to on-site services. Furthermore, a contract with Taiwanese payment solutions company Tappay has been signed, expanding Crosshub's global merchant supply network to approximately 600,000.
Beginning with the agreement, the two companies plan to gradually implement API-based technology integration and joint proof-of-concept (PoC) projects. They will also pursue joint marketing and user expansion strategies in Asian regions, including Vietnam, Indonesia, and the Philippines, where Blockfint has established a network.
A CrossHub representative stated, “Our collaboration with Blockfint goes beyond a simple partnership and is an expanded collaboration centered on practical user-based service integration and verification,” adding, “We will provide localized authentication and payment solutions throughout Asia, starting with Thailand.”
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