(19 September 2024 – Singapore) Visa and dtcpay, a leading digital payments solutions provider, have announced a new partnership agreement to drive digital payments transformation in Singapore.
Commencing with the launch of a Visa Infinite Card for Ultra-High Net Worth Individuals (UHNWIs) in Q4 2024, the partnership integrates Visa’s global payments network with dtcpay’s digital payments capabilities to enable access to 130 million merchants across more than 200 markets globally.
Asia Pacific (APAC) is at the forefront of the global shift towards digital payments, with businesses and their customers increasingly utilising digital currencies actively. As the digital economy in Southeast Asia is projected to reach US$1 trillion by 2030, the region is emerging as a hub for payments innovation and development.
“Visa’s partnership with dtcpay underscores our commitment to driving innovation in the payments industry. By combining Visa’s global reach with dtcpay’s Web3 expertise, we are empowering consumers and businesses who use dtcpay to convert their digital currencies into fiat and make digital payments seamlessly. We continue to redefine the payments experience for businesses and consumers, offering them greater choice, security, and convenience when they make contactless payments. More importantly, we empower them with a seamless payment experience and ensure it is easy for them to pay and be paid” commented Visa Singapore Country Manager, Adeline Kim.
“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.” Stated dtcpay CEO and Co-Founder Alice Liu.