Singapore/Ulaanbaatar, 11 May 2026 – Embed Financial Group Holdings Pte Ltd (“EFGH”) today announced a strategic partnership with Arclayne International Advisory Limited (“Arclayne”) to support EFGH’s planned expansion into Mongolia through a locally anchored joint venture (“JV”) structure.

The collaboration positions Mongolia as a new growth market within EFGH’s Finternet strategy, connecting its digital financial infrastructure platform with local institutions in a rapidly digitising economy. The initiative is expected to progress between July and September 2026, subject to finalisation of commercial terms, local partner participation, and applicable regulatory processes.

EFGH–ARCLAYNE STRATEGIC PARTNERSHIP

Under the partnership, Arclayne will advise EFGH on its Mongolia market-entry strategy, including the identification and engagement of suitable local strategic partners, JV structuring, institutional coordination and regulatory navigation.

Arclayne’s role is expected to support EFGH’s assessment of Mongolia’s operating environment, stakeholder landscape, and commercial engagement process as the parties evaluate potential market-entry structures and partnership opportunities.

EFGH will contribute its digital financial infrastructure capabilities, platform architecture, and cross-market deployment experience. The proposed Mongolia JV is intended to support local execution, market access, and institutional alignment, enabling EFGH to pursue a partnership-led market-entry approach rather than a standalone foreign deployment model.

The collaboration reflects a broader industry trend in which digital financial infrastructure providers increasingly work with local institutions and advisory partners to support market alignment, regulatory engagement and operational scalability in emerging markets.

PLANNED MONGOLIA JOINT VENTURE

EFGH and Arclayne expect the Mongolia initiative to be developed through a JV structure involving selected local partners, subject to ongoing discussions, commercial agreements, and applicable regulatory processes.

Local participation is expected to contribute to market knowledge, stakeholder connectivity, and operational insight that may support the initiative’s long-term development and local alignment.

The proposed JV is intended to support the potential integration of EFGH’s Finternet platform with Mongolia’s financial and technology ecosystem, creating a framework for future embedded finance, digital payments, and institutional digital infrastructure use cases.

No assurance can be provided at this stage regarding the final structure, timing, commercial terms, regulatory approvals, or implementation scope of the proposed initiative.

WHY MONGOLIA MATTERS

Mongolia represents an emerging digital finance market characterised by increasing digital adoption, evolving financial technology activity and ongoing interest in financial modernisation initiatives.

The country’s developing digital ecosystem and increasing focus on financial accessibility continue to create opportunities for technology-enabled financial infrastructure and institutional collaboration.

For EFGH, Mongolia represents a potential strategic entry point into broader regional opportunities across Central and Northeast Asia, where financial institutions and enterprise ecosystems are increasingly evaluating interoperable digital infrastructure models.

The partnership aligns with EFGH’s broader strategy of evaluating expansion opportunities in emerging markets through locally grounded partnerships and institutionally aligned operating structures.

IMPLEMENTATION TIMELINE

The Mongolia expansion initiative is currently expected to progress between July 1st and September 30th, 2026, subject to ongoing discussions and applicable approvals.

Indicative workstreams under evaluation include:

• Finalisation of JV structure and commercial agreements

• Assessment and confirmation of suitable local strategic participation

• Engagement with relevant regulatory and institutional stakeholders

• Initial planning relating to platform integration and operating framework

development

• Evaluation of local operational, compliance, and implementation considerations

This phased approach is intended to support a measured evaluation process before any broader commercial deployment activities are undertaken.

SIGNIFICANCE FOR EFGH

The Mongolia initiative supports EFGH’s broader strategy of developing partnership-led digital financial infrastructure platforms across selected emerging markets.

Through its collaboration with Arclayne and prospective local stakeholders, EFGH aims to evaluate a scalable regional expansion framework focused on local alignment, institutional participation, and commercially sustainable deployment models.

The initiative also reflects EFGH’s broader Finternet strategy of supporting interoperable digital financial ecosystems through infrastructure-led partnerships and cross-market institutional collaboration.

STATEMENTS

“EFGH’s planned entry into Mongolia reflects our strategy of expanding into high-growth digital economies through strong local partnerships and scalable infrastructure,” said Dennis Ng, Executive Chairman of Embed Financial Group Holdings Pte Ltd. “Mongolia offers an opportunity to build a locally anchored platform that can support digital finance innovation and serve as a gateway to wider regional growth.”

"Successful expansion into emerging digital finance markets requires trusted local partnerships, strong institutional relationships, and disciplined execution,” said Andrew Chiu, Managing Director of Arclayne International Advisory Limited. “Through strategic collaboration, we can help underserved and remote communities gain access to essential digital financial services and build greater resilience.”"

About Embed Financial Group Holdings

Embed Financial Group Holdings Pte Ltd is a Singapore-headquartered digital financial infrastructure company building embedded payments, programmable protection and sovereign digital systems across Asia and Africa. Operating under its Finternet strategy, EFGH works with governments, regulated financial institutions and enterprise platforms to deploy infrastructure at national and institutional scale.

About Arclayne International Advisory Limited

Arclayne International Advisory Limited is a strategic advisory firm enabling cross-border expansion, joint ventures, and institutional partnerships across Asia by connecting clients with key decision-makers and providing practical guidance to navigate regulatory, cultural, and commercial complexity in emerging markets.

Media Contact

Eugene Leow

Global Chief Communications

Embed Financial Group Holdings

eugene.leow@efgh.xyz

Tel: +65 9877 9801

Therese Lim

Communications Associate