Announcement

dtcpay helps merchants expand into Asian marketplace with WeChat Pay Solutions

16 May, 2023, global payment provider dtcpay has launched a new payment acceptance service in Singapore with WeChat Pay.

16 May 2023 2 mins Read

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Table of Contents

16 May, 2023, global payment provider dtcpay has launched a new payment acceptance service in Singapore with WeChat Pay.


Introduction

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. 

We have received inquiries from our merchants to integrate WeChat Pay onto the POS+ device. Since China has lifted its COVID-19 travel restrictions, there has been a surge in Chinese tourists coming to Singapore. By offering this WeChat Pay solution, we hope to help our merchants boost their sales.

Kanny Lee

Group CEO

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/