We had the opportunity to meet Jing Wei, CEO of OSL Pay, and Jack Tan, Chief Marketing Officer of OSL Group, in Hong Kong at an event organised by the fintech company in parallel with Fintech Week, which took place in early November. Together, they told Startupbusiness that they would soon be investing in the European market and that they had chosen Italy, and Milan in particular, as the location for their expansion operations.
OSL Pay, the division of OSL Group dedicated to the integration of traditional finance and digital assets, is strengthening its presence in Europe with the opening of an office in Milan and the appointment of Orlando Merone (pictured) as general manager.
A professional with experience in fintech, gained in scale-ups and unicorns such as Revolut, Bitpanda and Circle, Merone is leading OSL Pay’s entry strategy into Europe.
Part of the OSL Group, a leading infrastructure for managing stablecoin payments and trading in Asia listed on the Hong Kong Stock Exchange, recognised as one of the world’s leading regulated operators and included in CNBC’s 2025 list of the World’s Top Fintech Companies, OSL Pay offers a cross-border infrastructure that enables financial institutions, fintech companies, exchanges and digital operators to seamlessly convert fiat currencies into digital assets (and vice versa). In addition, it is responsible for supporting the payment services provided by the OSL Group, as well as adapting the group’s technology, compliance culture and governance standards to local regulatory requirements, acting as a bridge between OSL’s global infrastructure and the specific needs of each market in which it operates.
The opening of the office in central Milan is accompanied by a recruitment and development plan aimed at consolidating the company’s presence in the area, which will involve control functions such as AML, Compliance and Risk, Operations, ICT and business development.
OSL Pay’s growth in Europe is part of the broader compliance-driven global expansion strategy of the OSL group, a regulated fintech company listed in Hong Kong which, in July 2025, announced the largest investment round in the digital asset sector in Asia: $300 million, earmarked for international expansion and accelerating the development of digital asset infrastructure.
“OSL Pay is building a concrete bridge between traditional finance and the new digital economy, enabling regulated and truly interoperable solutions,” said Orlando Merone, General Manager of OSL Pay, in a statement. “It is an honour to start from Italy and Milan, where we want to help define new infrastructure standards for European fintech.”
“We chose Milan and Italy as the starting point for OSL Pay’s entry into Europe because of the strategic value of this market,” adds Jing Wei. “Italy and Hong Kong have historically been strategic access points for trade and culture between Europe and Asia. Today, this connection takes on new meaning in digital finance and cross-border innovation. Orlando Merone’s leadership will help us bring OSL’s global vision, based on trust, compliance and security, to Europe.
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