London, UK – May 13, 2026 - Noah has officially partnered with PEXX to unlock access to USD and EUR Virtual Accounts for retail and business users across South and Southeast Asia. This strategic alliance bridges the gap between the hard currency ecosystems of the United States and Europe and the high-growth local currency rails of India, Indonesia, Vietnam, and the Philippines.
Across these regions, which are home to over 2 billion people, the vast majority have never had access to a USD or EUR bank account. Historically, the global financial system has penalized users in these markets with traditional correspondent banking systems that apply hidden FX markups of up to 5% on the mid-market exchange rate. Furthermore, standard SWIFT transactions typically take between one and five business days to credit, creating significant working capital constraints.
Through this partnership, Noah and PEXX are providing a structural shift in who gets to participate in the global economy. By issuing digital representations of traditional bank accounts, users gain localized credentials - such as an ACH routing number, a Fedwire number, or an IBAN - without requiring a physical presence or residency permit in the target country.
"The legacy financial system penalizes anyone operating across borders with high fees and slow settlement," said Shah Ramezani, CEO and Founder of Noah. "By partnering with PEXX, we are bypassing these outdated correspondent rails entirely. We are bringing true financial sovereignty to billions of people by making hard currency accessible, fast, and secure—regardless of where they live or work."
The integration follows a period of rapid momentum for PEXX, which closed a $4.5 million seed round in November 2025. Over the past year, the platform has experienced a 4,900% Growth increase in its user base and will continue to expand globally
Empowering the Global Digital Workforce
For the retail sector, specifically the estimated 15 million independent digital workers in India and 1.5 million online freelancers in the Philippines , traditional bank transfers and digital wallets have long extracted a substantial cut of their earnings through high fees and poor FX rates.
With these new virtual accounts, professionals can be paid exactly like domestic contractors in the US and EU. Freelancers can receive funds in USD, hold them to hedge against local currency volatility , and even earn up to 3.5% APY on idle balances via tokenized U.S Treasury Bills. Users can spend via a physical or virtual Visa debit card with 1% cashback, or withdraw instantly to local bank accounts anytime they're ready.
A Centralized Treasury for SMEs and Cross-Border Trade
For the millions of importers and exporters in Southeast Asia currently underserved by traditional corporate banking, managing foreign exchange risk and supply chain friction is a daily operational hurdle. In Indonesia alone, natural resource exporters must navigate complex liquidity environments , while over 715,000 Micro, Small, and Medium Enterprises (MSMEs) in Vietnam struggle with the high cost of international banking.
The Noah and PEXX partnership allows businesses to use their USD virtual account as a central treasury. Companies can collect payments directly from global clients, pay international suppliers in over 20 currencies, and run payroll for distributed teams from a single dashboard. By eliminating the need for a physical US or EU bank account, businesses in these emerging markets can manage their global collections with the same efficiency as a local Western firm.
The Infrastructure: Fast, Compliant, and On-Chain
While the front-end interface resembles a traditional neobank, the backend operates on stablecoin settlement, allowing the infrastructure to run 24/7/365 without the need for intermediary correspondent banks.
In this collaboration, Noah provides the user-centric interface and the front-end ecosystem where retail and business users manage their wealth and access financial services. PEXX delivers the backend infrastructure, supplying the virtual accounts, stablecoin settlement layers, and high-speed payout rails.
"PEXX was built to give users everything they expect from a USD or EUR bank account, minus the borders and friction," said Marcus Lim, CEO and Founder of PEXX. "Through our partnership with Noah, we are giving businesses and individuals the robust backend infrastructure they need to collect globally and settle locally in minutes. If you have a passport and a phone, you deserve full access to the global economy."
Crucially, the underlying infrastructure utilizes stablecoins to enable rapid, compliant cross-border transfers. When a user receives USD or EUR, the funds are automatically converted into a stablecoin in the backend. However, the final conversion into local fiat is entirely controlled by the user. They can choose to hold their balance in stablecoins to protect against local currency volatility, or they can initiate a seamless conversion into their local fiat currency when they need to pay for rent, groceries, or everyday life expenses. Because of this highly efficient architecture, payouts into local currencies do not suffer from traditional delays; transfers into Indonesian Rupiah (IDR) and Indian Rupee (INR) often settle in just 30 seconds , while Vietnamese Dong (VND) transfers typically settle in under two minutes.
To ensure a secure environment, the virtual accounts are supported by partnerships with regulated institutions, and the platform operates compliantly with local Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) laws through licensed Payment Service Providers.
This partnership is not just a new product offering; it is the infrastructure required for a truly borderless global economy, giving businesses and individuals across South and Southeast Asia seamless access to hard currency.