CLPS Incorporation’s wholly‑owned subsidiary, Qinson Credit Card Services (QCC), announced a strategic partnership with a leading neobank in Southeast Asia to deploy its CAKU payment platform. The partnership will enable the fintech to offer a suite of credit‑card products and customized implementation services powered by QCC’s cloud‑native, microservices‑based CAKU system, which can process more than 4,000 transactions per second and is already integrating stablecoin payment and settlement functions.
The deal marks a significant expansion of QCC’s presence outside China and provides a new revenue stream for CLPS beyond its core banking IT business. By leveraging CAKU’s parameter‑driven configuration and scalable architecture, the partner can rapidly tailor credit‑card offerings to its regional customer base, a capability that is increasingly demanded by emerging financial institutions in the fast‑growing Southeast Asian fintech ecosystem.
CLPS’s recent financial performance underscores the strategic fit of the partnership. In the first half of fiscal 2026, the company reported revenue of $85.1 million, up 2.8% year‑over‑year, and net income of $0.3 million, a 74.9% increase. Customized IT solution services revenue surged 134.7%, reflecting strong demand for digital transformation services that the CAKU platform is designed to support.
CEO Raymond Lin said the partnership “strengthens our fintech capabilities and supports growth within our customized IT solution services revenue segment. We are well positioned to meet the rising demand for digital transformation and drive long-term value for our clients and shareholders.”
The Southeast Asian fintech market is projected to reach $1.073 trillion in 2025, with digital payments and transfers accounting for 46.8% of the total volume in 2024. The partnership positions CLPS to capture a share of this expanding market, aligning with its strategy to pivot toward high‑value international markets and advanced technology integrations.
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