Singapore, 21 January 2026 - Embed Financial Group Holdings Pte Ltd (“EFGH” or the “Company”), a financial internet (“Finternet”) infrastructure services group, announced today that it will partner with TS Group Pte Ltd (“TS Group”) to deploy a digital wallet and remittance platform to serve over 50,000 foreign workers living in TS Group’s dormitories in Singapore.
Under the agreement, EFGH will provide a white-label mobile wallet to offer services such as domestic transfers and cross-border remittances across Bangladesh, India, China, the Philippines, and Indonesia.
Integrated with EFGH’s platform, the wallet will also enable embedded financial services such as short-term or payday financing and micro-insurance products. It will also integrate seamlessly with other service providers and partner ecosystems to provide day-to-day support, convenience and accessibility to users.
EFGH will be responsible for the design, deployment and ongoing operation of the platform, including regulatory-compliant onboarding, wallet management systems, transaction processing, and continuous platform support, while TS Group will support resident engagement and on-site operational coordination.
The platform will be deployed across TS Group’s residential ecosystem through several phases and testing programmes, and is expected to go live by the second quarter of 2026.
TS Group operates and manages large-scale accommodation facilities in Singapore, including foreign worker dormitories, specialised housing and co-living environments. The partnership will enable greater accessibility to regulated digital financial services and support the everyday financial needs of over 50,000 foreign workers living in TS Group’s dormitories.
Mr Dennis Ng, Executive Chairman of EFGH, said: “Together with TS Group, we are deploying Finternet rails to enable practical, everyday use cases for Singapore’s foreign worker communities, many of whom are underserved. This deployment enables transactions with lower costs but greater speed, all in a real-world, high-density residential setting. EFGH is focused on delivering a reliable wallet experience that can eventually be scaled to support even larger groups in a secure and responsible manner.”
About Embed Financial Group Cayman Holdings
Founded in 2024, EFGH is building the “Finternet”, a unified financial infrastructure designed to improve access to essential financial services in emerging markets. Headquartered in Singapore, the Company provides embedded insurance, remittances, wallet solutions and digital payment rails to underserved consumers and SMEs across Africa and Asia.
About TS Group Pte Ltd
TS Group Pte Ltd is a Singapore-based operator of large-scale accommodation facilities, managing a diversified portfolio of foreign worker dormitories, specialised workforce housing and co-living developments across the country. With a combined capacity of approximately 50,000 residents, the Group focuses on developing and operating integrated living environments that prioritise safety, operational excellence and resident well-being.
Contacts
EFGH – Global
Eugene Leow
Chief of Global Communications
Email: eugene.leow@efgh.xyz
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