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Prepayments, receivables and other assets
 12 Months Ended
Dec. 31, 2025
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Prepayments, receivables and other assets

4Prepayments, receivables and other assets

  

   2025   2024 
   December 31, 
   2025   2024 
   US$   US$ 
         
Contract asset   4,871,564    3,454,309 
Other financial assets (Note 13)   3,391,855    - 
Other receivables   88,999    89,029 
Prefunding to remittances partner   11,980,454    13,829,321 
Deposits   336,033    316,872 
Goods and services tax/ Value-added tax recoverable   31,502    27,680 
Prepayments   1,051,671    1,259,527 
Airtime stock   571,432    498,728 
Inventory   30,514    89,111 
Current tax recoverable   242,787    297,323 
Others   875,063    1,086,316 
Prepayments, receivables and other assets   23,471,874    20,948,216 

 

Inventory refers to resalable prepaid balance made to supplier on airtime, data package and phone cards.

 

Movement of contract assets are as follows:

  

   2025   2024 
   December 31, 
   2025   2024 
   US$   US$ 
         
As at January 1   3,454,309    6,888,954 
Rights of consideration for service rendered but not billed   1,417,255    2,231,155 
As at December 31   4,871,564    3,454,309 

 

 

CURRENC GROUP INC. AND SUBSIDIARIES

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS