Structure
Network
Governance is held regionally. The Programme is operated in country. The line between them is the point of the structure.
AsiaPay DLC Limited is a direct subsidiary of Digital Local Currency Limited and the regional program manager for Asia. It does not operate: it holds regional governance, licenses expertise downward, and has no external clients.
Each level
- Digital Local Currency Limited
- The parent, registered in England and Wales. Owns the Programme’s expertise, intellectual property and technology, and sets group governance.
- AsiaPay DLC Limited
- Regional program manager for Asia, registered in Scotland. Does not operate.
- Country program managers
- One per market, beneath AsiaPay DLC. They do not operate.
- Local program providers
- A joint venture in each country with a qualified local partner. The only entity that operates, contracts with member banks, or interacts with any external party.
Country programmes
AfghanistanPay Limited
Country program manager for Afghanistan. Its local program provider, Hoshmand Afghanistan, is a joint venture with HesabPay and works to move two way flows of the afghani into regulated banking.
PakistanPay Limited
Country program manager for Pakistan, a market where worker remittances reached 41.6 billion dollars in fiscal year 2026.
PhilippinesPay Limited
Country program manager for the Philippines, a market where cash remittances reached 35.6 billion dollars in 2025.
Cyprus
A country programme being established, with a qualified local partner being identified for the local program provider.
Kurdistan
The KurdPay business unit covers the Kurdish markets and is working toward a local program provider with a qualified local partner.
Kazakhstan
A country programme being established for Central Asia, with a local program provider to follow once a qualified partner is confirmed.
Sister programmes
AsiaPay DLC is one of five regional program managers in the group, alongside AfricaPay, ArabPay, AmericaPay and EuropePay DLC. Corridors between regions are designed jointly, so that a syndicate in one region can contract with a sponsor bank in another through the programme that already serves that market.
How income moves
All external revenue originates at the local program provider, from its agreements with member banks, and moves upward as royalty and expertise licensing fees. Capital moves in the opposite direction as shareholder funding. These are the only money flows involving group companies, and they are entirely intercompany.
What no group company does
No company in the structure holds, receives, transfers, settles or controls customer or third party funds. None operates client, safeguarding, pooled, escrow or nominee accounts. None issues wallets, electronic money, cards, tokens or any other monetary instrument. None operates payment rails or correspondent networks, and none is licensed, registered or authorised by any financial regulator, central bank or payment services authority.