dtcpay and Visa Announce Partnership to Advance the Future of Digital Payments 

The partnership will kick off with the soft launch of the dtcpay Visa Infinite Card for ultra high net worth individuals

 

dtcpay, a digital payments solutions provider, and Visa (NYSE: V), a world leader in digital payments have announced a partnership agreement to drive digital payments transformation in Singapore. This partnership aims to integrate dtcpay’s digital payments capabilities with Visa’s global payments network to enable access to 130 million merchants across more than 200 countries and territories worldwide.

The first phase of the partnership will see the launch of the dtcpay Visa Infinite card that offers modern consumers a new seamless payment experience. Users will be able to convert their digital currencies such as stablecoins, into fiat currencies at competitive real-time rates. The fiat currencies will then be used to fund their dtcpay Visa Infinite card, and will be available for public registration in Q4 2024. Subsequent phases of the partnership will include the development of additional global payments solutions catered to ultra-high-net-worth (UHNW) individuals, businesses, and consumers.

Partnering to Drive the Future of Digital Payments

Asia Pacific is at the forefront of the digital payments revolution, with the accelerated use of digital currencies as consumers and businesses conduct payments in a hyper-digitalised world. With developments in payment methods and platforms enabling seamless commerce across borders, the digital economy in Southeast Asia is projected to hit USD1 trillion by 2030, making Asia Pacific the epicentre of innovation and the leader in shaping the future of global commerce.

The dtcpay and Visa partnership seeks to bridge the gap between traditional payments and digital currencies, enabling merchants to accept payments from this growing segment of UHNW customers. Leveraging its blockchain and multi-currency swap capabilities, dtcpay customers can convert their digital currencies instantly into fiat, then use their dtcpay Visa Infinite card to transact at merchants, allowing businesses who would not have been able to accept digital currencies previously to access this group of consumers.

Through Visa’s global reach, the partnership also aims to broaden the use case of digital currencies in everyday payment settings, expanding payment options for customers globally.

Celebrating Innovation at TOKEN2049

dtcpay and Visa will be commemorating the partnership through ‘The Voyager: Tomorrow’s Payments, Today’, held in conjunction with TOKEN2049 and dtcpay’s 5th anniversary. The event will be held on 18th September at 6pm, at Lantern, to celebrate this pivotal moment in time as the industry ushers in a new era of digital payments.

The event will showcase the innovative use of digital currencies in a gamified environment, providing participants with a hands-on understanding of token economics. Attendees will have the opportunity to win and exchange tokens for merchandise, grow its quantity, and be rewarded for their participation in various games and quizzes.

For more information dtcpay, visit their website at https://corporate.visa.com/en and https://dtcpay.com/