Media Feature

Anson Zeall Promoted to Chief Strategy Officer at dtcpay

As featured on Fintech Singapore, 04 Jan 2024

4 Jan 2024 < 1 mins Read

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As featured on Fintech Singapore, 04 Jan 2024


Anson Zeall Promoted to Chief Strategy Officer at dtcpay

Singapore-based payments service provider dtcpay has promoted its Head of Compliance Anson Zeall as the new Chief Strategy Officer (CSO).

 

During his tenure as Head of Compliance, Zeall played a pivotal role in guiding dtcpay through the complex regulatory environment of the blockchain and cryptocurrency sectors.

 

The firm said that Zeall’s promotion reflects both recognition of his past contributions and a strategic decision to enhance the company’s focus on strategy and compliance.

 

Zeall is also known for his entrepreneurial initiatives, having co-founded IDAXA (International Digital Asset Exchange Association) and ACCESS (Singapore Cryptocurrency and Blockchain Industry Association).

 

Founded in 2019 in Singapore, dtcpay is a regulated payment service provider in the Web 3.0 payments industry.

 

dtcpay said in a statement,

“As we embark on this new chapter under Anson’s leadership, we anticipate an era of continued growth, innovation, and unwavering commitment to compliance and security. We look forward to the continued support of our clients, partners, and stakeholders as dtcpay advances under the leadership of Anson as Chief Strategy Officer.”

Media Feature

More businesses accepting crypto as payment method

As featured on Channel NewsAsia, 30 Dec 2023

30 Dec 2023 < 1 mins Read

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As featured on Channel NewsAsia, 30 Dec 2023


More businesses accepting crypto as payment method

Media Feature

Allinpay International, dtcpay and PlatON jointly launch smart terminal digital payment, helping…

As featured on Foresight News, 23 Nov 2023

23 Nov 2023 2 mins Read

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As featured on Foresight News, 23 Nov 2023


Allinpay International, dtcpay and PlatON jointly launch smart terminal digital payment, helping Singapore merchants to accept offline digital currency payments

At the recent Singapore FinTech Festival (SFF 2023), the “digital currency payment system based on smart terminals” jointly launched by Allinpay International, dtcpay, and PlatON officially debuted, providing merchants with a new offline digital currency payment service. The industries that have started pilot cooperation include retail, catering, beauty, cinema, hospital, cake shop, pet shop, car sales, etc. This innovative payment system is a joint creation of three leading enterprises in the digital finance field, combining the advantages of smart terminals, digital currency wallets, and blockchain technology, to provide a seamless and convenient payment experience for merchants and customers. Various mainstream digital currencies are supported for payment. This payment system aims to promote the popularization and innovation of digital currency payment in Singapore and the world, and provide a user-friendly and compliant solution for online and offline merchants, bringing benefits such as reducing transaction fees, increasing customer base, and enhancing brand image.

 

Allinpay International is an international financial payment company, committed to providing diversified payment solutions and digital financial technology services for global merchants and customers. The company’s business covers aggregate payment, global account, international remittance, currency exchange and so on. The company focuses on building a business system with payment + account products as the core, financial services + technology scenario output as the auxiliary, and providing payment + exchange services for digital currency scenarios with the help of the qualifications of cooperative licensed institutions.

dtcpay is a major payment institution licensed by the Monetary Authority of Singapore (MAS) and fully regulated to provide digital payment services under the Payment Services Act (PSA), providing digital currency and fiat currency exchange services, helping individuals and businesses to seamlessly and efficiently transfer value.

 

PlatON is an open financial infrastructure with privacy computing as its technical feature, initiated and promoted by LatticeX Foundation, committed to becoming the main blockchain platform for the Web3 era, providing financial-level system stability and performance, privacy computing-enhanced compliant digital asset management, multi-scenario-oriented secret payment clearing solutions, and smooth and friendly user experience for various types of Web3 native applications, as well as applications and users migrating from Web2 to Web3.

 

Media Feature

Dtcpay inks partnership to launch crypto payment network

As featured on Crypto.News, 19 Nov 2023

19 Nov 2023 2 mins Read

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As featured on Crypto.News, 19 Nov 2023


Dtcpay inks partnership to launch crypto payment network

Singapore-based startup Dtcpay is set to launch a new payment system tailored for both cryptocurrencies and traditional fiat currencies. 

 

Dtcpay reportedly entered into a strategic partnership with the open-source blockchain platform, PlatON, and Chinese payment solution provider, Allinpay International. The aim is to establish a privacy-protected digital payment infrastructure.

 

The collaboration will center around the creation of smart point of sale (POS) terminals, capable of supporting numerous digital currencies including Tether (USDT), Ethereum (ETH) and Bitcoin (BTC).

 

Previously known as the Digital Treasures Center, Dtcpay has made a name for itself offering state-of-the-art digital currency payment services, enabling partners and merchants to accept payments in both traditional and digital currencies.

 

In addition to the partnership with PlatON and Allinpay International, Dtcpay has also formed alliances with the verification platform Sumsub. This collaboration is intended to heighten the security and reliability of digital currency payments in key markets such as Singapore, Hong Kong, Dubai, the UK, and Europe.

 

In September, the company partnered with another Singapore-based firm, PoS technology developer Jeripay, to integrate crypto within Jeripay’s 8000 terminal network.

 

The collaborations come against a backdrop of continually evolving crypto regulations aimed at offering enhanced consumer protection in Singapore. 

 

Major crypto firms such as Coinbase and Ripple are already licensed payment institutions by the Monetary Authority of Singapore (MAS), which is also exploring the potential of central bank digital currencies (CBDCs).

 

As a key component of this evolving landscape, Project Orchid, a retail CBDC research project, has completed its first phase. The project aims to create digital currencies for specific purposes, bringing together major banks and government agencies in a series of pilot trials. 

 

Even though retail CBDCs are yet to become mainstream, the project’s report indicates that digital currencies not denoted in Singaporean dollars are gaining local traction. 

 

To keep up with these developments, MAS is exploring the concept of programmable or automated execution of digital currencies tailored to predefined use cases.

 

Media Feature

Singapore-based dtcpay to Launch Payment System with Fiat and Crypto Assets

As featured on CoinMarketCap, Nov 2023

14 Nov 2023 2 mins Read

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As featured on CoinMarketCap, Nov 2023


Singapore-based dtcpay to Launch Payment System with Fiat and Crypto Assets

The cryptocurrency sector continues to integrate into our daily lives. In line with this, Singapore-based dtcpay has announced that it will launch a payment system that will use fiat and crypto assets for in-store and online payments. The company mentioned Tether, Ethereum, and Bitcoin in its announcement regarding the payment system.

 

Noteworthy Details in the Announcement

In the announcement made by the company, it stated that it will establish a partnership with PlatON, an open-source blockchain network for privacy-focused crypto payment system infrastructure, and Allinpay International to create smart terminals and a digital interface. Both PlatON and Allinpay stand out for being China-based. Dtcpay and Allinpay are registered as major payment institutions with the Monetary Authority of Singapore (MAS). A spokesperson for Tonghua International, the parent company of Allinpay, stated the following in the announcement:

 

“This collaboration will help companies better adapt to the modern payment trend and meet the needs of young consumers.”

 

Dtcpay will conduct fiat and crypto exchanges in the new service that will be offered and incorporate new cryptocurrencies into the system. It already offers point-of-sale and online payment services. In September, dtcpay signed an agreement with Sumsub, a London-based company, to provide Know Your Customer (KYC) services for dtcpay crypto wallet, and reached an agreement with Jeripay, a Singaporean POS provider, to provide crypto payment services on its network with 8,000 terminals.

 

Singapore: The Rising Star of Recent Times

Established in 2019 and initially known as Digital Treasures Center, dtcpay was selected to participate in Mastercard’s Mastercard Start Path program for crypto and blockchain ventures in November 2022. It also drew attention by receiving support from Pontiac Land Group real estate holding in a pre-seed funding round in June.

 

The electronic payment system is widely used in Singapore, which is believed to have modern cryptocurrency regulations, including consumer protection. Coinbase and Ripple obtained a major payment institution license from MAS in October, marking a significant step in this regard.

 

The city-state, which has been making headlines recently, is also working on a central bank digital currency. However, MAS stated that it did not see an urgent use case for a CBDC project that individual users can use.

 

Continue Reading: https://en.coin-turk.com/singapore-based-dtcpay-to-launch-payment-system-with-fiat-and-crypto-assets/

Media Feature

dtcpay, PlatON, and Allinpay International Join Forces for Crypto Payments

As featured on Fintech Singapore, 14 Nov 2023

< 1 mins Read

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As featured on Fintech Singapore, 14 Nov 2023


dtcpay, PlatON, and Allinpay International Join Forces for Crypto Payments

Singapore-based digital payments platform dtcpay has partnered with PlatON, and Allinpay International to launch a digital currency payment system based on smart terminals.

 

The new system will support Tether (USDT), Ethereum (ETH), Bitcoin (BTC), and other mainstream cryptocurrencies with the aim to empower partners and merchants to accept payments in both fiat and digital currency,

 

dtcpay will facilitate the seamless and secure digital currency and fiat currency exchange services, while PlatON will leverage advanced privacy computing technology to construct the underlying technical infrastructure.

Meanwhile, Allinpay International will provide smart terminals and online aggregate payment interfaces for Web 3.0 payments.

 

“dtcpay’s collaboration with PlatON and Allinpay International is testament to our dedication in providing secure and efficient digital payment solutions.

 

We look forward to this partnership enabling us to deliver even more diverse and secure payment solutions.”

 

said Alice Liu, Co-founder and CEO at dtcpay.

 

“dtcpay’s unwavering commitment to regulatory compliance ensures that customers can engage in digital transactions with peace of mind.

 

We are excited to be part of this transformative journey.”

 

said Anson Zeall, Lead Compliance Officer at dtcpay.

 

Media Feature

Singapore Startup Dtcpay Launches Retail Crypto Payments System

As featured on Coinscreed, Nov 2023

2 mins Read

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As featured on Coinscreed, Nov 2023


Singapore Startup Dtcpay Launches Retail Crypto Payments System

Singapore-based dtcpay is launching a payment system that will use fiat and cryptocurrencies for in-store and online payments.

 

In its announcement, the corporation highlighted Bitcoin (BTC $37,190), Ether (ETH $2,078), and Tether (USDT $1.00). The business is collaborating with Allinpay International to develop smart terminals and a digital interface and with open-source blockchain PlatON to provide privacy-protected digital infrastructure.

 

Major payment institutions Dtcpay and Allinpay are registered with the Monetary Authority of Singapore (MAS). A representative for Tonghua International, the parent firm of Allinpay, stated:

 

“This cooperation will […] Help merchants better adapt to the modern payment trend and meet the needs of young consumers.”

Dtcpay will integrate new cryptocurrencies into the new service and swap fiat. Point-of-sale and online checkout are already offered. In September, dtcpay signed an arrangement with Singaporean point-of-sale company Jeripay to provide cryptocurrency payment services on its 8,000-terminal network, and it also secured a contract with London-based Sumsub to supply Know Your Customer services for the dtcpay digital wallet.

 

Dtcpay, founded in 2019 and formerly known as Digital Treasures Center, was chosen in November 2022 to participate in Mastercard’s Mastercard Start Path program for blockchain and cryptocurrency entrepreneurs. The real estate company Pontiac Land Group backed it in a pre-seed fundraising round in June.

 

Electronic payments are widespread in Singapore, which is thought to have proactive cryptocurrency legislation, including consumer protection. In October, MAS granted major payment institution licenses to Coinbase and Ripple.

 

The city-state is also experimenting with digital currency issued by the central bank, but according to the MAS, there is “no urgent use case” for a retail CBDC.

 

Media Feature

Singapore startup dtcpay launches retail crypto payments system with Chinese partners

As featured on Cointelegraph, 10 Nov 2023

10 Nov 2023 2 mins Read

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As featured on Cointelegraph, 10 Nov 2023


Singapore startup dtcpay launches retail crypto payments system with Chinese partners

Dtcpay, formerly Digital Treasures Center, is MAS-registered and already provides some point-of-sale and online crypto payment services.

Singapore-based dtcpay is launching a payment system that will use fiat and cryptocurrencies for in-store and online payments. The company mentioned Tether USDT, Ether, and Bitcoin in its announcement.

 

The company is partnering with open-source blockchain PlatON for privacy-protected digital infrastructure and Allinpay International to create smart terminals and a digital interface. Both PlatOn and Allinpay are based in China. Dtcpay and Allinpay are registered with the Monetary Authority of Singapore (MAS) as major payment institutions.

 

A spokesman for Allinpay parent company Tonghua International said:

 

“This cooperation will […] Help merchants better adapt to the modern payment trend and meet the needs of young consumers.”

 

Dtcpay will exchange fiat and crypto and onboard new cryptocurrencies in the new service. It already provides point-of-sale and online checkout. In September, dtcpay concluded a deal with London-based Sumsub to provide Know Your Customer services for the dtcpay digital wallet and entered into an agreement with Singapore POS provider Jeripay to provide crypto payment services on its 8,000-terminal network.

 

Founded in 2019 and originally known as Digital Treasures Center, dtcpay was selected to participate in Mastercard’s Mastercard Start Path program for crypto and blockchain startups in November 2022. It received backing by the Pontiac Land Group real estate conglomerate in a pre-seed funding round in June.

Electronic payment is common in Singapore, which is considered to have progressive cryptocurrency regulation, including consumer protectionCoinbase and Ripple received major payment institution licensing from MAS in October. The city-state is also experimenting with central bank digital currency, but the MAS has stated that it sees “no urgent use case” for a retail CBDC.

 

Media Feature

dtcpay joins forces with PlatON and Allinpay to pioneer next-gen digital payment solutions

As featured on Fintech Global, 10 Nov 2023

< 1 mins Read

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As featured on Fintech Global, 10 Nov 2023


dtcpay joins forces with PlatON and Allinpay to pioneer next-gen digital payment solutions

dtcpay, a significant player in the digital payments sector, has teamed up with PlatON, recognized for its pioneering efforts in privacy-preserving digital public infrastructure, and Tonghua International’s Allinpay International, a global FinTech payments solutions.

 

The collaboration between dtcpay, PlatON, and Allinpay International is primarily focused on launching an advanced digital currency payment system.

 

This innovative payment system will enable partners and merchants to accept both fiat and digital currencies, thus improving operational efficiency and attracting younger consumers.

 

The alliance underlines a shared vision to transform the global payments landscape, meeting the evolving demands of modern consumers. This strategic move is a significant step towards enhancing payment experiences for users and merchants worldwide.

 

dtcpay Co-Founder & CEO Alice Liu remarked, “dtcpay’s collaboration with PlatON and Allinpay International is testament to our dedication in providing secure and efficient digital payment solutions. We look forward to this partnership enabling us to deliver even more diverse and secure payment solutions.”

 

Keep up with all the latest FinTech news here.

 

Media Feature

Singapore startup dtcpay launches retail crypto payments system …

As featured on Investing.com, 10 Nov 2023

< 1 mins Read

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As featured on Investing.com, 10 Nov 2023


Singapore startup dtcpay launches retail crypto payments system with Chinese partners

Singapore-based dtcpay is launching a payment system that will use fiat and cryptocurrencies for in-store and online payments. The company mentioned Tether (USDT), Ether (ETH) and Bitcoin (BTC) in its announcement.

 

The company is partnering with open-source blockchain PlatON for privacy-protected digital infrastructure and Allinpay International to create smart terminals and a digital interface. Both PlatOn and Allinpay are based in China. Dtcpay and Allinpay are registered with the Monetary Authority of Singapore (MAS) as major payment institutions.

 

Continue Reading on Cointelegraph