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SCHEDULE OF BORROWINGS (Details) - Seamless Group Inc [Member] - USD ($) | Dec. 31, 2023 | Dec. 31, 2022
--- | --- | ---
Short-term borrowings | [1] | $ 8,772,710 | $ 8,978,390
Long-term borrowings | [2] | 11,538,357 | 12,305,279
Less: current maturities |  | (9,031,383) | (4,426,000)
Non-current maturities |  | $ 2,506,974 | $ 7,879,279
[1] | As of December 31, 2023 and 2022, the Company had several unsecured short-term loans from independent third parties which were repayable within one year and charged interest rates ranging from 15.0% to 24.0% and 15.0% to 24.0% per annum, respectively. As of December 31, 2023 and 2022, the weighted average interest rate of these borrowings was 22.6% and 22.4% per annum, respectively. The borrowings are denominated in HK$ and US$.
[2] | As of December 31, 2023 and 2022, the Company obtained several unsecured long-term loans for two to five years. Interest rates ranged from 12.0% to 24.0% and 2.5% to 24.0% per annum, respectively. As of December 31, 2023 and 2022, the weighted average interest rate of these borrowings was 13.1% and 15.5% per annum, respectively. The borrowings are denominated in HK$ and US$.

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