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PREPAYMENTS, RECEIVABLES AND OTHER ASSETS (Tables) - Seamless Group Inc [Member]
 12 Months Ended
Dec. 31, 2023
SCHEDULE OF PREPAYMENTS AND OTHER CURRENT ASSETS

 

   2023   2022 
   December 31, 
   2023   2022 
   US$   US$ 
         
Contract asset   6,888,954    4,657,799 
Safeguarding assets   1,983,116    5,787,354 
Other receivables   100,144    54,425 
Prefunding to remittances partner   21,082,897    21,896,243 
Deposits   1,402,729    1,438,316 
Goods and services tax/ Value-added tax recoverable   26,493    13,842 
Prepayments   553,258    503,123 
Airtime stock   607,308    715,755 
Inventory   125,603    162,227 
Current tax recoverable   360,358    1,094,332 
Others   1,094,379    1,240,134 
Total   34,225,239    37,563,550 
SCHEDULE OF CONTRACT ASSETS

Movement of contract assets are as follows:

 

   December 31, 
   2023   2022 
   US$   US$ 
         
As at January 1   4,657,799    4,189,989 
Rights of consideration for service rendered but not billed   2,231,155    467,810 
As at December 31   6,888,954    4,657,799