TechCreate Group Ltd. has announced plans to work with pQCee Pte Ltd to improve the security of its payment systems.
The companies will explore using new encryption methods approved by National Institute of Standards and Technology (NIST). These are called post-quantum cryptography (PQC) algorithms and are designed to stay secure even in the future when quantum computers become powerful.
TechCreate wants to use these new security methods in its QR Hybrid POS machines. These machines currently rely on older encryption systems like RSA encryption and Elliptic Curve Cryptography, which could become unsafe with advanced quantum computing.
The goal is to better protect payment data and reduce the risk of a threat called “Harvest Now, Decrypt Later,” where hackers collect encrypted data today and try to break it in the future when technology becomes stronger.
TechCreate CEO Heng Hai Lim commented: “Quantum-safe security has become increasingly important for the future of digital payments infrastructure. In our business where secure communication between customers and financial institutions is vital, the need to consistently enhance quantum-resistant encryption standard is a critical priority for us. By collaborating with pQCee, we aim to explore and demonstrate how post-quantum encryption can be integrated into real-time payment systems without compromising performance, scalability, or interoperability.”
In this partnership, pQCee Pte Ltd will provide its quantum-safe security tool called SafeQuard. This tool is designed to protect communication between customers and banks from future cyber threats, including “harvest-now, decrypt-later” attacks.
At the same time, TechCreate Group Ltd. and pQCee plan to be among the first in the region to launch a new type of payment device—a quantum-safe POS soundbox terminal—that offers stronger security for digital transactions.
pQCee CEO Tan Teik Guan added: “By embedding quantum-safe protections into the fabric of payments, both TechCreate and pQCee help the entire ecosystem stay resilient. Our work ensures that banks, merchants, and consumers alike can transact with confidence, knowing the industry is shielded against both today’s cyber risks and tomorrow’s quantum threats.”
About TechCreate Group Ltd.
TechCreate Group Ltd. is a payment software company based in Singapore. It was founded in 2015 and provides digital payment and technology solutions to banks, telecom companies, and other businesses.
The company offers services like real-time payment systems, digital banking platforms, API management, cybersecurity, and cloud computing. It also has its own technology called AI-RTE (Artificial Intelligence Real-Time Engine), which helps process payments quickly, safely, and efficiently.
About pQCee Pte Ltd
pQCee Pte Ltd is a company that focuses on advanced security solutions called post-quantum cryptography, which are designed to protect data from future cyber threats.
The company has a team of expert researchers and engineers who build strong and flexible security systems. These solutions help businesses protect important data and applications, even as technology continues to evolve.
