Category: Announcement

This exciting partnership aims to empower retailers by integrating cryptocurrency as a new and secure form of payment within Jeripay’s POS system covering over 8,000 terminals locations in Singapore.

In a rapidly evolving digital landscape, it is pivotal for retailers to adopt the acceptance of cryptocurrency payments, to reach a wider audience where cryptocurrencies are becoming increasingly popular. Jeripay and dtcpay will work closely to provide retailers with a seamless and secure way to accept cryptocurrencies, expanding their customer base and enhancing their payment options.

Key highlights of this collaboration include:

1. Integration of Cryptocurrency Payments: Powered by dtcpay, retailers using Jeripay’s POS system will now have the capability to accept cryptocurrencies, providing customers with greater flexibility in their payment choices.

1. Enhanced Security: The partnership will implement cutting-edge security measures to ensure that cryptocurrency transactions are safe and protected from potential threats, boosting confidence in both retailers and consumers.

1. User-Friendly Experience: Jeripay and dtcpay will prioritise creating a user-friendly experience, ensuring that customers can make cryptocurrency payments effortlessly, and promoting wider adoption among everyday consumers.

Both Jeripay and dtcpay are excited about the possibilities that this collaboration presents. As the cryptocurrency market grows, the ability to use digital assets for everyday purchases becomes increasingly important. This partnership will empower retailers to tap into this growing market and offer a modern and convenient payment method.

This collaboration is set to redefine the retail payment landscape, making it more inclusive, secure, and adaptable to consumers’ evolving preferences. dtcpay and Jeripay look forward to a prosperous partnership and invite retailers and merchants to join them in this exciting journey.

About dtcpay

dtcpay is a regulated payment service provider that offers reliable solutions for merchants to grow revenues with increased acceptance rates across Fiat and cryptocurrency.  Our client’s customers benefit from frictionless payment experiences whether they are using our award-winning POS+ terminal in-store or using our online checkout.

Founded in 2019 in Singapore, dtcpay is a licensed Major Payment Institution (MPI) under the Monetary Authority of Singapore (MAS) and offers Digital Payment Token (DPT) services.

Find out more at https://dtcpay.com

About Jeripay:

Jeripay’s cutting-edge applications and solutions provide an extensive array of value-added services tailored to the preferences of tech-savvy consumers in the Asian market. This innovative platform gives users real-time access to a comprehensive overview of their loyalty points, balances, and purchase history, granting them enhanced control and convenience over their rewarding experiences. Furthermore, users can seamlessly manage their omnichannel interactions using a single device through Jeripay’s suite of offerings, including JeriRewards, JeriFood, JeriPay, JeriCard, and JeriAI.

Visit us on www.jeripay.com and follow us on LinkedIn 

dtcpay, a leading Singapore-based cryptocurrency payment services provider, has unveiled its plans for a strategic expansion into Hong Kong. The company’s move comes as part of its ongoing commitment to revolutionize the digital payment landscape and enable seamless transactions with cryptocurrencies.

The decision to expand into Hong Kong follows dtcpay’s remarkable success in Singapore, where it has quickly established itself as a prominent player in the crypto payment industry. With its cutting-edge technology and user-friendly platform, dtcpay has gained significant traction and trust from both merchants and consumers.

The expansion into Hong Kong, one of Asia’s leading financial hubs, marks a milestone in dtcpay’s journey towards making cryptocurrencies more accessible and convenient for users. By entering this dynamic market, dtcpay aims to provide Hong Kong’s businesses and individuals with an efficient, secure, and cost-effective solution for processing crypto payments.

dtcpay’s platform enables merchants to accept a wide range of cryptocurrencies, catering to the diverse preferences of customers. By facilitating frictionless transactions in cryptocurrencies, dtcpay seeks to bridge the gap between traditional financial systems and the rapidly evolving world of digital currencies.

For media-related queries, please contact:

Email: marketing@dtcpay.com

About dtcpay

dtcpay is a regulated payment service provider that offers reliable solutions for merchants to grow revenues with increased acceptance rates across fiat and cryptocurrency. Our client’s benefit from frictionless payment experiences, whether they are interacting with our POS+ terminal in-store or via ecommerce online. dtcpay was recognized as the best cryptocurrency payment company by APAC Insider and selected for the Mastercard Start Path program

Founded in 2019 in Singapore, dtcpay is a licensed Major Payment Institution (MPI) under the Monetary Authority of Singapore (MAS) with services offered offered including Account Issuance, Domestic Money Transfer, Cross-Border Money Transfer, Merchant Acquisition, E-money Issuance and Digital Payment Token (DPT) services. 

Find out more at https://dtcpay.com/  

LinkedIn: https://www.linkedin.com/company/dtcpay/  

Twitter: https://twitter.com/dtc_pay

One of Singapore’s most influential conglomerate family business owners, Mr Kwee Liong Tek, Chairman of Pontiac Land Group, led this round. The funding will further invest in product development, building more robust operations / infrastructure capabilities, and expanding dtcpay’s global presence.

dtcpay provides seamless conversion of fiat and digital currencies in a single platform by a regulated trusted provider. This enables merchant businesses to grow their customer base by accepting more payment types with a quick and easy settlement process. Consumers have gravitated towards the simplicity of QR code payments, enabling more choices for their preferred payment method to be used. dtcpay’s vision is to streamline the payment experience making it easy for consumers to interact with digital currencies bridging the gap between traditional businesses to web3.

Mr Kwee Liong Tek, Chairman of Pontiac Land Group, led dtcpay’s pre-Series A funding round, highlighting the promising future of digital payments. Pontiac Land Group is a luxury real estate developer, owner and operator of properties including Capella Hotel Group and Millenia Singapore which includes the Ritz-Carlton and Conrad Hotels in Singapore. The Group’s assets under management is in excess of SGD10 billion across hospitality, mixed-used, commercial and residential developments spanning across Singapore, New York, Sydney and the Maldives. The other investors in this funding round include David Tung, former Managing Director/ Partner of The Carlyle Group, Jean Marc Poullet Chairman Asia, BURGESS and ex Senior Partner, McKinsey & Co, Tham Sai Choy former KPMG Singapore and Asia Pacific Chairman.

“dtcpay has demonstrated remarkable growth prospects and aligns with our investment strategy” says John Tay, representing Mr Kwee’s investment vehicle.  “From the moment we met with the dtcpay team, we saw their commitment to the regulated financial markets as fully licensed payments provider that could integrate well with our international portfolio of leading hospitality brands bringing them into the web3 economy”

In 2023, the company rebranded to dtcpay and appointed Kanny Lee as Group CEO with market expansion goals that tap into areas such as cross-border payments and to serve nascent web3 businesses.

dtcpay is a leading payment service provider headquartered in Singapore that offers reliable payment processing while transacting across both fiat and digital currencies. dtcpay was founded in 2019 by Alice Liu and her classmate who met while studying at the National University of Singapore. 

As a licensed Major Payment Institution (MPI) regulated by the Monetary Authority of Singapore (MAS), dtcpay has become a trusted partner for businesses entering the digital economy.

For media-related queries, please contact:

Email: marketing@dtcpay.com

About Mr Kwee Liong Tek, 

Mr Kwee Liong Tek is the Chairman of Pontiac Land Group, a privately held luxury real estate developer, owner and operator in Singapore. The group’s assets span hospitality, mixed-use, commercial and residential developments in Singapore, New York, Sydney and the Maldives, including the leading hospitality management company Capella Hotel Group as a wholly owned subsidiary. 

About dtcpay

dtcpay is a regulated payment service provider that offers reliable solutions for merchants to grow revenues with increased acceptance rates across fiat and cryptocurrency. Our client’s benefit from frictionless payment experiences, whether they are interacting with our POS+ terminal in-store or via ecommerce online. dtcpay was recognized as the best cryptocurrency payment company by APAC Insider and selected for the Mastercard Start Path program

Founded in 2019 in Singapore, dtcpay is a licensed Major Payment Institution (MPI) under the Monetary Authority of Singapore (MAS) with services offered offered including Account Issuance, Domestic Money Transfer, Cross-Border Money Transfer, Merchant Acquisition, E-money Issuance and Digital Payment Token (DPT) services. 

Find out more at https://dtcpay.com/  

LinkedIn: https://www.linkedin.com/company/dtcpay/  

Twitter: https://twitter.com/dtc_pay

16 May, 2023, global payment provider dtcpay has launched a new payment acceptance service in Singapore with WeChat Pay, allowing merchants to add WeChat Pay as an alternative payment option on their e-commerce platform and on dtcpay POS+ device where merchants can accept crypto payments and WeChat Pay as well. The new offering will provide merchants global access to over 800 million Chinese consumers on WeChat Pay, enabling them to tamp into a key Asian marketplace of active shoppers. 

WeChat is one of the largest social media platforms in the world with 1.2 billion monthly active users, and its pay function (WeChat Pay) allows its users to seamlessly make payments in their local currency for their purchases. WeChat Pay handles over one billion transactions globally daily, demonstrating the regular spending habits of its users. 

On dtcpay wallet platform, merchants can view, track and manage their WeChat Pay transactions, download settlement reports, as well as issue refunds to deliver a seamless customer experience. 

Today’s announcement is a major milestone in dtcpay and WeChat Pay’s partnership and adding a payment acceptance solution to the dtcpay product portfolio is an important next step to enhancing our all-in-one digital payment solutions.

About dtcpay

dtcpay is a regulated payment service provider that offers reliable solutions for merchants to grow revenues with increased acceptance rates across fiat and cryptocurrency.  Our client’s customers benefit from frictionless payment experiences, whether they are  using our award-winning POS+ terminal in-store or using our online checkout solution.

Founded in 2019 in Singapore, dtcpay is a licensed Major Payment Institution (MPI) under the Monetary Authority of Singapore (MAS) and offers Digital Payment Token (DPT) services. We have expanded our global footprint with regulated subsidiaries in the Americas, Hong Kong and the Middle East.

Find out more at https://dtcpay.com/ 

April 26, 2023 – dtcpay, a regulated payment service provider that offers reliable solutions for merchants to grow revenues with increased acceptance rates across fiat and cryptocurrency, officially opened its new office in Singapore’s CBD.

The new office, located at Cecil Street, aims to develop local talent and partnerships with companies by providing seamless digital payment solutions for merchants across different industries. As part of the launch, distinguished guests such as Mr. Lee Yi Shyan, Chairman of Business China Singapore; Mr. Kwee Liong Tek, Chairman of the Pontiac Land Group; Mr. Jean-Marc Poullet, Chairman Asia Burgess; Ms. Serena Choo, CEO of Bedrock Trust; Mr. Basil Lui, Advisor of EDBI; Mr. Stephen Lee, Director of Temasek Holdings; Mr. Chia Hock Lai, Chairman of the Singapore Blockchain Association; and Mr. Wang Qing Dong, Executive Director of Taisan Asset Management was present at the opening. 

Earlier, dtcpay rebranded to emphasize its commitment to digital payments and bridge the gap between digital assets and traditional finance. The rebranding aligns with the appointment of Kanny Lee, a Web3 thought leader, as Group CEO and marks the start of an expansion strategy. In addition, dtcpay is poised for growth as it expands operations in Hong Kong, leveraging the region’s surging digital payment adoption and strategic position as a gateway to the world’s largest consumer market. Securing relevant licenses in Hong Kong will enhance dtcpay’s APAC presence, unlocking China’s vast market and potential CBDC opportunities.

Today, dtcpay provides digital payment solutions for businesses around the world with multi-currency swap, online payments, in-store payments, and crypto payments in a single solution that helps individuals and businesses conduct value transfers in a seamless and efficient way.

About dtcpay

dtcpay is a regulated payment service provider that offers reliable solutions for merchants to grow revenues with increased acceptance rates across fiat and cryptocurrency. Our clients’ customers benefit from frictionless payment experiences, whether they are using our award-winning POS+ terminal in-store or using our online checkout solution.

Founded in 2019 in Singapore, dtcpay is a licensed Major Payment Institution (MPI) under the Monetary Authority of Singapore (MAS) and offers Digital Payment Token (DPT) services. We have expanded our global footprint with regulated subsidiaries in the Americas, Hong Kong, and the Middle East.

Find out more at https://dtcpay.com/ 

Since 2019, dtcpay’s mission is to bridge the gap between digital assets and traditional finance and help businesses grow quickly by accepting payment methods that customers prefer, across both fiat and digital currencies. This rebranding aims to unveil an expansion roadmap as dtcpay recently appointed Group CEO Kanny Lee, a thought leader in the Web3 community.

“In Asia, particularly the key tier 1 financial capitals such as Singapore, Hong Kong and Tokyo, have experienced a rapid rate of digital adoption primarily due to transparent regulatory frameworks for digital financial inclusion,” said Kanny. He added, “We are expanding business operations into Hong Kong, capitalizing on the region’s growing acceptance of digital payments and its key focal point as an entryway into the world’s largest consumer market. Our aim is to solidify our position in the APAC region by obtaining a license in Hong Kong, following our recent success in securing the MPI license from the Monetary Authority of Singapore (MAS). This achievement is a testament to Asia providing the most regulatory clarity for digital payments around the world.”

As a regulated and fully licensed payments service provider by MAS, dtcpay’s expansion roadmap includes launching more fiat and digital currency pairings for the multi-currency swap product. This is the backbone that enables merchants and their customers to conduct value transfers seamlessly and cost-effectively. Each of these merchants utilizes dtcpay

POS+, as an all-in-one device that accepts various forms of digital payments: credit cards, QR code payments, digital currencies, etc. By streamlining the payment process for merchants, it saves time and effort when confronted with an avalanche of payment methods and channels favored by consumers and we have processed over S$50 million in transactions within the first quarter of 2023.

In an further effort to make settlement even more efficient for its merchants, dtcpay has launched an e-money pilot program called eSGD. The program aims to offer a secure and convenient payment option for merchants and their customers, resulting in a simpler and smoother payment experience. As the demand for cashless transactions continues to rise, e-money is becoming an essential part of the payment landscape. dtcpay aims to help merchants grow their businesses by providing efficient and reliable digital payment solutions.

As of April 2, 2023 dtcpay has integrated with WeChat Pay for its merchants to offer more convenient settlement for Chinese nationals. This partnership comes as demand for WeChat Pay is increasing in Singapore, especially after China opened its border and made it easier for Chinese tourists and Chinese nationals living in Singapore to enjoy the convenience of this payment option.

As dtcpay secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), dtcpay welcomes a new chapter in the rapidly evolving payment landscape and rebranded to be a more innovative and inclusive brand in the digital payment ecosystem and maintains the leading edge in technology and ensures that dtcpay operates within a regulated environment by offering secure, and legally compliant solutions for the digital payment industry.

With the rebrand, dtcpay welcomes a new chapter in the rapidly evolving payments industry, while maintaining the leading edge in technology and ensuring security and compliance for our customers across the network.

About dtcpay

dtcpay is a regulated payment service provider that offers reliable solutions for merchants to grow revenues with increased acceptance rates across fiat and cryptocurrency.  Our client’s customers benefit from frictionless payment experiences, whether they are  using our award-winning POS+ terminal in-store or using our online checkout solution.

Founded in 2019 in Singapore, dtcpay is a licensed Major Payment Institution (MPI) under the Monetary Authority of Singapore (MAS) and offers Digital Payment Token (DPT) services. We have expanded our global footprint with regulated subsidiaries in the Americas, Hong Kong and the Middle East.

Find out more at www.dtcpay.com