v3.25.2
Accounts payable, accruals and other payables
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Accounts payable, accruals and other payables

13 Accounts payable, accruals and other payables

 

Accounts payable, accruals and other payables consisted of the following: 

 

Schedule of accounts payable, accruals and other payables

         
   December 31, 
   2024   2023 
   US$   US$ 
         
Accounts payable   13,701    10,541 
Safeguarding liabilities   3,790,176    1,983,116 
Accruals   5,870,005    5,424,194 
Prefunding from remittance customers   44,259,266    35,584,882 
Incentives received for credit card program   -    699,655 
Prefunding from airtime customers   671,214    758,419 
Current portion of finance lease liabilities   -    - 
Cash received for the subscription of Convertible Promissory Note   -    1,056,765 
Accrued interest   3,824,009    7,614,719 
Tax payable   155,641    29,808 
Other payables   535,904    826,132 
Accounts payable, accruals and other payables   59,119,916    53,988,231 

 

 

CURRENC GROUP INC. AND SUBSIDIARIES

 

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

 

  
Seamless Group Inc [Member]    
Accounts payable, accruals and other payables  

13 Accounts payable, accruals and other payables

 

Accounts payable, accruals and other payables consisted of the following:

Schedule of accounts payable and other payables

 

           
   December 31, 
   2023   2022 
   US$   US$ 
         
Accounts payable   10,541    17,871 
Safeguarding liabilities   1,983,116    5,787,354 
Accruals   5,424,194    4,878,896 
Prefunding from remittance customers   35,584,882    40,910,632 
Incentives received for credit card program   699,655    700,521 
Prefunding from airtime customers   758,419    874,889 
Current portion of finance lease liabilities   -    - 
Cash received for the subscription of Convertible Promissory Note   1,056,765    1,058,005 
Accrued interest   7,614,719    3,990,177 
Tax payable   29,808    11,102 
Other payables   826,132    716,938 
Accounts payable, accruals and other payables   53,988,231    58,946,385 

 

 

SEAMLESS GROUP INC. AND SUBSIDIARIES

 

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS