dtcpay, a Singapore-based digital payments solutions provider, and Visa, a world leader in digital payments have announced a partnership agreement to drive digital payments transformation in Singapore.
The goal of this agreement is to combine dtcpay’s digital payment capabilities with Visa’s global payments network to provide access to 130 million merchants in more than 200 countries and territories globally.
In the initial stage of the collaboration, the dtcpay Visa Infinite card—which provides contemporary customers with a fresh, seamless payment experience—will be introduced. Consumers will have access to competitive real-time rates for converting their digital currencies, such as stablecoins, into fiat money.
Read also – [Funding news] Genesis Alternative Ventures Raises US$125 Million for Second Venture Debt Fund
Then, in Q4 2024, the public will be able to register for their dtcpay Visa Infinite card, which will be funded by fiat currencies. The company stated that new global payments solutions tailored to ultra-high-net-worth (UHNW) people, enterprises, and consumers will be developed as part of the partnership’s subsequent phases.
Asia Pacific is expected to become the epicenter of innovation and the leader in defining the future of global commerce, with the digital economy in Southeast Asia expected to reach $1 trillion by 2030 thanks to advancements in payment methods and platforms that facilitate smooth cross-border shopping.
According to the company, the goal of the dtcpay and Visa relationship is to close the payment gap between digital currencies and traditional methods so that shops may accept payments from this expanding group of UHNW clients.
Alice Liu, CEO and Co-Founder, dtcpay said, “Our mission at dtcpay is to bridge the gap between digital payments and traditional finance through the enabling of emerging digital currencies to be used and accepted by mainstream financial systems,” By bolstering this ambition with Visa’s commitment to innovation, our partnership will introduce an additional digital payment avenue for businesses and individuals, enabling dtcpay to drive greater mainstream acceptance for digital currencies,”.
Adeline Kim, Country Manager, Singapore, Visa said, “Visa’s partnership with dtcpay underscores our commitment to driving innovation in the payments industry,”.
About Visa
Visa is a global leader in digital payments, enabling trade across more than 200 nations and territories between customers, businesses, financial institutions, and governmental organizations. By becoming the greatest method to pay and get paid, we hope to uplift everyone, everywhere.
About dtcpay
Reliable methods to boost revenue with higher acceptance rates for both fiat and cryptocurrency are provided by dtcpay, a regulated payment service provider. Customers of our clients enjoy seamless payment experiences whether they use our online checkout solution or our award-winning POS+ terminal in-store.
