Announcement,Partnership

dtcpay Powers Acceptance of Digital Payment Tokens at Capella Hotel Group’s Flagship Properties

dtcpay announces a strategic partnership with Capella Hotel Group to enable Digital Payment Token (DPT) payments across Capella Hotel Group’s flagship properties, Capella Singapore and Patina Maldives, Fari Islands.

7 Oct 2024 2 mins Read

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PRESS RELEASE

Singapore, 07 October 2024 – dtcpay, a leading provider of digital payment solutions, announces its strategic partnership with Capella Hotel Group, an award-winning luxury hospitality management company. The partnership enables guests to utilise Digital Payment Tokens (DPTs) for room bookings across Capella Hotel Group’s flagship properties, Capella Singapore and Patina Maldives, Fari Islands. Guests can now effortlessly pay for accommodation expenses using their preferred DPTs such as WUSD (Worldwide USD), USDT (Tether), USDC (USD Coin), Bitcoin (BTC) and Ethereum (ETH).

 

This collaborative endeavour represents a significant milestone in redefining payment experiences within the luxury hospitality sector. By integrating DPT payments into Capella Hotel Group’s esteemed properties, dtcpay aims to enhance customer convenience and operational efficiency, further solidifying our commitment to delivering innovative solutions that meet evolving consumer preferences.

 

Guests at Capella Singapore can take advantage of this cutting-edge payment method by simply scanning a QR code on a dtcpay terminal at the front desk, using their digital wallets with the supported DPTs. Similarly, guests at Patina Maldives, Fari Islands, can make payments with DPTs through a secure payment link. This streamlined process ensures a seamless and transparent transaction experience, free from the volatility risks associated with DPT payment methods.

 

Capella Hotel Group’s unwavering dedication to innovation and exceptional service aligns seamlessly with dtcpay’s mission to revolutionise payment ecosystems through digital innovation.

“We are thrilled to announce our partnership with Capella Hotel Group, a true leader in luxury hospitality. This collaboration is about enabling the use of digital assets in a way that redefines the guest experience. By embracing Digital Payment Tokens, Capella Hotel Group can connect with a vibrant and growing segment of tech-savvy travellers who seek modern payment solutions. Guests now enjoy the convenience of paying in their preferred method, along with faster and more seamless experiences. We look forward to extending our offerings to more properties within the group in the near future.”

Alice Liu

CEO & Co-Founder of dtcpay

Media Contact

Ashlee Zhang
Head of Marketing dtcpay
ashlee.zhang@dtcpay.com

About dtcpay

dtcpay is a regulated payment service provider that offers reliable solutions for merchants to grow their revenues with higher acceptance rates for Fiat and cryptocurrency transactions. Our clients’ 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.

 

Learn more at dtcpay.com.

About Capella Hotel Group

Capella Hotel Group is a leading hospitality management company specialising in luxury hotels, resorts, and serviced residences. Based in Singapore, the rapidly expanding group has two brands under its portfolio and properties across eight destinations. The award-winning Capella Hotels and Resorts is renowned for its service excellence, crafted luxury design and immersive experiences celebrating the locale, while Patina Hotels & Resorts is the group’s modern luxury lifestyle brand, designed for progressive travellers with a creative mindset and penchant for sustainability.

 

Capella Hotels and Resorts was named the #1 Best Hotel Brand in the world in Travel + Leisure’s 2023 and 2024 World’s Best Awards. For more information, visit www.capellahotelgroup.com.

 

Announcement,Partnership

Celebrating Five Years of Innovation: dtcpay and Visa Ignite the Future of Payments at TOKEN2049

dtcpay marks its 5th year anniversary with an exciting partnership announcement with Visa!

23 Sep 2024 4 mins Read

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On September 18, 2024, the vibrant city of Singapore played host to an extraordinary event at TOKEN2049, where dtcpay and Visa joined forces to celebrate the future of digital payments in an exclusive, by-invite-only gathering atop Fullerton Bay Hotel’s ‘Lantern’ rooftop bar. As the sun dipped below the horizon, the iconic Marina Bay Sands provided a breathtaking backdrop for an evening filled with innovation, engagement, and unforgettable experiences!


Redefining the Afterparty Experience Amidst the Buzz of Asia Crypto Week

With Asia Crypto Week coinciding with the excitement of Formula 1 weekend, TOKEN2049 attracted crypto enthusiasts, innovators, and pioneers from around the globe. While the conference itself was buzzing with discussions on the future of blockchain technology, attendees were eagerly looking forward to the afterparties — where the real magic often happens. dtcpay’s 5th anniversary afterparty promised not just another gathering, but an immersive experience designed to captivate.

Unlike typical TOKEN2049 gatherings where free drinks often steal the show, dtcpay’s afterparty focused on sustained engagement. From the moment guests arrived, they were invited into an atmosphere of excitement, with ongoing booth activities drawing everyone in. The main bar, named ‘The Intersection of Web2 and Web3’, served as the centerpiece for mingling and interaction, allowing attendees to connect with each other while partaking in the event’s unique offerings.

4-Hours of Non-Stop Engagement in a Gamified Environment

Every hour brought fresh surprises, from giveaways to interactive games, heightening the anticipation and energy in the room. This wasn’t merely a networking event; it was a dynamic celebration of what the future of digital payments can offer, all while commemorating five years of our achievements.

Through gamified experiences, guests had the chance to win tokens, which could be exchanged for exclusive merchandise — an enticing incentive that kept spirits high and interactions flowing.

Celebrating a Game-Changing Partnership

The highlight of the evening was the official unveiling of the dtcpay Visa Infinite Card, designed for ultra-high-net-worth (UHNW) individuals. The card will allow users to convert digital currencies like stablecoins into fiat in real-time, seamlessly integrating their crypto assets into everyday transactions. With this innovation, dtcpay is bridging the gap between traditional finance and the burgeoning world of digital currencies, empowering users to transact globally with ease.

The partnership with Visa signifies a powerful alignment of two industry leaders committed to enhancing the payment experience for individuals and businesses alike. By combining Visa’s extensive global network with dtcpay’s cutting-edge digital payment solutions, the collaboration promises to elevate the way digital currencies are utilized in mainstream commerce.

A Commitment to Empowerment — The Voyager: Tomorrow’s Payments, Today

At the core of dtcpay’s mission is a dedication to empowering adventurers and dreamers to embrace a lifestyle that transcends traditional financial limitations. This event was not merely a celebration of new technology; it was a tribute to the individuals and innovators who are shaping the future of payments. As guests mingled and exchanged ideas, the atmosphere was charged with inspiration and camaraderie, echoing the spirit of innovation that defines the blockchain community.

Reflecting on an Unforgettable 5th Anniversary

The successful collaboration between dtcpay and Visa at TOKEN2049 marked a significant moment in the evolution of digital payments, beautifully aligning with our 5th anniversary. As we look ahead, the excitement surrounding the dtcpay Visa Infinite Card and the potential it unlocks for users around the world is palpable. This event not only celebrated innovation but also set the stage for a future where digital and traditional financial systems coexist seamlessly.

Join Us in Shaping ‘Tomorrow’s Payments, Today’!

For those who couldn’t make it to this landmark event, don’t worry — this is just the beginning. The partnership between dtcpay and Visa is poised to reshape the landscape of digital payments, and we invite you to join us on this journey. Together, we are redefining what it means to transact in a hyper-digitalized world, making it easier for everyone to embrace their desired lifestyles with confidence and convenience.

Stay tuned for more updates as we continue to innovate and push the boundaries of what’s possible in the world of digital payments. Thank you for being part of our journey, and here’s to a future filled with endless possibilities!

 

Read the full Press Release here.

 

For partnerships/ enquiries, contact us at marketing@dtcpay.com.

 

About dtcpay

dtcpay is a regulated Major Payment Institution (MPI) licensed by the Monetary Authority of Singapore (MAS) to conduct Digital Payment Token (DPT) services and other payment services under the Payment Services Act (PSA). As a leading provider of digital payment solutions, we pioneer the integration of cryptocurrency acceptance into traditional financial systems. With a vision to make global transactions seamless and sustainable, dtcpay empowers individuals and businesses to embrace the future of payments.

Learn more at dtcpay.com.

 

Announcement,Partnership

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

The 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.

18 Sep 2024 4 mins Read

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


 

SINGAPORE, 18 September 2024 – 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.

“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,”

Alice Liu

CEO and Co-Founder, dtcpay

“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.”

Adeline Kim

Country Manager, Singapore, Visa

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/ 

Media Contact

Ashlee Zhang, Head of Marketing, dtcpay, ashlee.zhang@dtcpay.com  

Grace Tan Shin Hui, Head of Corporate Communication, Regional Southeast Asia, Visa, grtan@visa.com

Kimberly Garcia, Account Manager, Brave Communications, kimberly.garcia@bravecomms.com  

About dtcpay

dtcpay is a regulated Major Payment Institution (MPI) licensed by the Monetary Authority of Singapore (MAS) to conduct Digital Payment Token (DPT) services and other payment services under the Payment Services Act (PSA).  As a leading provider of digital payment solutions, we pioneer the integration of cryptocurrency acceptance into traditional financial systems. With a vision to make global transactions seamless and sustainable, dtcpay empowers individuals and businesses to embrace the future of payments.

 

Learn more at dtcpay.com. 

About Visa

Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement.


Learn more at
Visa.com. 

 

Announcement

dtcpay Wins & Wins Again at the Asia FinTech Awards 2024

dtcpay wins Disruptor of the Year and PayTech of the Year at the Asia FinTech Awards 2024, highlighting our commitment to transforming the payments industry.

6 Sep 2024 3 mins Read

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We’re thrilled to share that dtcpay has recently been honored with two prestigious awards at the Asia FinTech Awards 2024. We’ve been recognized as both the Disruptor of the Year and the PayTech of the Year. These accolades are a testament to our ongoing efforts to revolutionize the payments landscape and underscore our commitment to pushing the boundaries of fintech innovation.


Asia FinTech Awards

The Asia FinTech Awards are among the most esteemed in the financial technology sector. Held annually in Singapore, they celebrate the achievements of the region’s leading fintech companies. The awards are judged by a panel of independent experts who assess entries based on their innovation, impact, and excellence.

Winning Disruptor of the Year is a testament to our ability to challenge conventional payment systems.

“This is another category with lots of really strong entries from some of the giants of fintech. The judges selected this winner because this company offers a POS system that’s equipped with mobile capabilities. It integrates seamlessly with 5G to allow merchants to save time and money in accepting payments, which also better serves customers by giving them more payment options.”

Asia FinTech Awards

The PayTech of the Year award underscores our success in integrating cryptocurrency with traditional financial systems.

“This category had a lot of really strong entries but this year’s winners pulled just ahead of the competition. The judges were very impressed that this company is offering seamless integration of payment processes, and their payment wallet accepts both monetary and digital currencies, making it easy for customers to have their funds in one place.”

Asia FinTech Awards

About dtcpay

Founded in 2019, dtcpay has been at the forefront of digital payment solutions. Our mission is to make transactions smoother and more secure by bridging the gap between digital currencies and traditional payment systems. As a regulated Major Payment Institution (MPI) licensed by the Monetary Authority of Singapore (MAS), we prioritize compliance and security in all our operations.

 

With a global presence in USA, UK, Luxembourg, UAE, Hong Kong, and Singapore, dtcpay is dedicated to serving a wide range of clients with innovative payment solutions and exceptional service.

What We Offer

dtcpay provides a suite of advanced solutions designed to simplify and enhance payment experiences:

 

Payments: Our platform integrates various payment methods, allowing users to handle both fiat and digital currencies seamlessly.

Wallet: The dtcpay wallet app enables secure transactions and withdrawals in multiple currencies.

Card: The dtcpay card supports transactions in various currencies, eliminating the need for currency conversion.

In addition, we offer multi-currency swaps, a POS system for accepting crypto payments, and other cutting-edge solutions tailored to our clients’ needs.

Looking Ahead

Winning these awards is a remarkable achievement for us, but it’s just the beginning. We are excited to continue innovating and expanding our offerings. Stay tuned for a groundbreaking partnership announcement at our upcoming TOKEN2049 afterparty, which also marks our fifth anniversary. This collaboration will feature a pioneering Web3 card for ultra-high-net-worth individuals and those with digital currencies. We’re confident this new card will set new standards in the market.

Additionally, we’re planning to open two more global offices later this year, further extending our reach and capability to serve our growing clientele.

 

Thank you for being part of our journey. We look forward to sharing more exciting developments with you soon!

 

 

Announcement

dtcpay Delivers Sustainable Payments through Eco-Friendly Packaging

Discover how dtcpay and Burgopak have teamed up to revolutionize the payment card unboxing experience with eco-friendly packaging. Learn about the innovative design, commitment to sustainability, and global reach of the new dtcpay card.

11 Jun 2024 2 mins Read

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Singapore, 11 June, 2024 – dtcpay, the front runner in revolutionizing digital payments, proudly announces its collaboration with packaging design innovator, Burgopak, to introduce an unparalleled unboxing experience for its groundbreaking global payment card.


 

The partnership between dtcpay and Burgopak signifies a commitment to redefine the payment experience. By integrating cutting-edge blockchain technology with Burgopak’s visionary packaging, the collaboration aims to offer users not only seamless payment solutions but also an immersive journey from the moment they receive their card package.

As pioneers in bridging traditional finance with the transformative potential of Web3, dtcpay empowers individuals and businesses to embrace cryptocurrency without the hurdles of infrastructure overhaul or volatility concerns. The freshly launched global payment card will unlock access to over 100 million Mastercard acceptance locations worldwide, revolutionizing the way people transact globally.

Dane Whitehouse, Creative Director at Burgopak, shared insights into the collaboration:

“When thinking about the packaging of dtcpay’s payment card, the aim was to encapsulate the brand’s values and demonstrate its vibrancy. Burgopak provided dtcpay with a ‘telescopic’ sliding packaging design, overlaid with dynamic artwork. Fractal patterns, derived from the primary diamond shaped logo, combined with elegant gradient effects, really help bring the packaging to life.”

Dane Whitehouse

Creative Director at Burgopak

dtcpay’s dedication to sustainability extends beyond digital transactions. Partnering with Burgopak was essential to echo the commitment to a greener future.

Ashlee Zhang, Head of Marketing at dtcpay, emphasized the significance of the collaboration:

“We wanted users to recognize our brand from the moment they laid eyes on the packaging. The external design had to be not just eye-catching but also a reflection of our professionalism and commitment to excellence.”

Ashlee Zhang

Head of Marketing at dtcpay

With Burgopak’s innovative packaging, the unboxing experience becomes a seamless extension of dtcpay’s commitment to making global transactions effortless and cost-effective. As the rollout of the global payment card continues, dtcpay invites the world to join in shaping the future of payments, one card at a time.

For further information or press inquiries, please contact:

marketing@dtcpay.com.

About dtcpay

dtcpay is a leading provider of digital payment solutions, pioneering the integration of cryptocurrency acceptance into traditional financial systems. With a vision to make global transactions seamless and sustainable, dtcpay empowers individuals and businesses to embrace the future of payments.

Learn more at dtcpay.com

About Burgopak

Burgopak is a world leader in design and manufacture of innovative packaging for products of all shapes and sizes. With a highly creative and experienced collaborative team, we design to brief. We focus on ‘wow factor’, providing an engaging opening experience, creating a higher perceived value of your product with clever cardboard engineering, and making your life easier by managing the process right from conception to completion. We bake sustainability into our process and offer guidance on the best materials, finishes and processes. Visit Burgopak for more inspiring packaging innovations.

 

Industry Insights

Empowering the Next Generation of Fintech Professionals

Discover how dtcpay’s CSO & Head of Compliance, Anson Zeall, is shaping the future of fintech through a masterclass on cybersecurity. Learn about the critical intersection of fintech and cybersecurity, best practices, and dtcpay’s robust cybersecurity strategy.

10 May 2024 2 mins Read

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In a bid to empower the next generation of Fintech professionals, Anson Zeall, our CSO & Head of Compliance, recently led a Masterclass on Fintech and Cybersecurity, sharing his vast experience through industry shifts, as well as dtcpay’s cybersecurity strategy.


Introduction

Empowering the next generation of Fintech professionals is a mission we take seriously at dtcpay. Recently, our CSO & Head of Compliance, Anson Zeall, took the lead in this endeavor by conducting a Masterclass on Fintech and Cybersecurity, hosted by the ISACA Singapore Chapter and attended by eager minds from Temasek Polytechnic.

Drawing from his extensive experience navigating industry shifts, Anson explored the critical intersection of fintech and cybersecurity, recognizing the associated security risks that came with an increasing reliance on digital financial services.

Best Practices in Cybersecurity

During the session, Anson shared invaluable insights and best practices including the significance of Zero Trust Architecture, the role of AI and Machine Learning in enhancing cybersecurity, and the importance of Continuous Employee Training to empower staff to identify and respond to potential threats.

dtcpay’s Cybersecurity Strategy

Anchoring the discussion was dtcpay’s own Cybersecurity Strategy, a robust framework comprising a combination of:

 

  1. Ample security measures such as encryption, Multi-Factor Authentication (MFA), and penetration testing.
  2. Adoption of cutting edge technologies by employing AI-driven threat and risk detection such as Sumsub and Chainalysis.
  3. Ensuring strict regulatory compliance, adhering to industry standards and regulations.

 

The results of dtcpay’s dedication to cybersecurity has been more than positive. Not only has it helped us to foster an enhanced trust among customers and partners, but also significantly reduced security incidents, helping to fuel our growth in terms of user base and transaction volume.

Conclusion

Anson’s masterclass exemplifies dtcpay’s unwavering commitment to shaping the future of fintech, empowering professionals one step at a time. With a steadfast focus on cybersecurity, we are not merely safeguarding transactions but nurturing an ecosystem where innovation thrives securely.

For partnerships/ business enquiries, get in touch.

About dtcpay

dtcpay is a regulated payment service provider that offers reliable solutions for merchants to grow their revenues with higher acceptance rates for Fiat and cryptocurrency transactions. Our clients’ 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.

 

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Industry Insights

dtcpay’s CSO, Anson Zeall Joins FATF Private Sector Consultative Forum 2024

Anson Zeall, dtcpay’s CSO & Head of Compliance, shares the key outcomes of FATF’s Private Sector Consultative Forum 2024 and what it means for VASPs moving forward.

9 Apr 2024 3 mins Read

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Anson Zeall, dtcpay’s CSO & Head of Compliance, shares the key outcomes of FATF’s Private Sector Consultative Forum 2024 and what it means for VASPs moving forward.


Introduction

This April, Anson Zeall, our Chief Strategy Officer (CSO) & Head of Compliance, was invited to represent Singapore at the annual FATF Private Consultative Forum, alongside industry key players, DBS, Nium, and Crypto.com.

 

This year’s forum marks a significant turning point in the dialogue surrounding Recommendation 16 and Virtual Asset Service Provider (VASP) regulation. The forum also featured a panel on Central Bank Digital Currencies (CBDCs), marking the first time the private sector was invited to discuss associated risks.

In this blog, we explore the key outcomes and their impact on regulated payment providers like dtcpay.

Evolution of Recommendation 16

Since its introduction, Recommendation 16, also known as the “Travel Rule,” has posed significant challenges for VASPs. Mandating the exchange of customer information among VASPs, it has fundamentally altered the trustless nature of blockchain technology.

 

However, the 2024 forum reflected a notable evolution in the dialogue surrounding Recommendation 16. FATF’s receptiveness to reevaluate its impacts on VASPs and non-bank payment service providers signifies a progressive approach towards regulatory adaptation.

 

This acknowledgment underscores the importance of compliance without compromising financial inclusion, resonating across diverse regulatory landscapes.

Panel on Central Bank Digital Currencies (CBDCs)

Backing his assertions with data-driven insights, Zeall navigated through the burgeoning landscape of cryptocurrency payment apps. He highlighted the exponential growth trajectory, fueled by the widespread adoption of Bitcoin and its integration into commercial operations. Projections painted a vivid picture of a market poised for a remarkable compound annual growth rate (CAGR) of 17.23% by 2030. Notably, Zeall spotlighted the substantial progress, with 312 major brands already embracing crypto payments, signaling a palpable momentum towards mainstream acceptance.

 

A highlight of the forum was the panel discussion on Central Bank Digital Currencies (CBDCs), where, for the first time, the private sector was invited to explore associated risks. This inclusion underscores FATF’s commitment to inclusive dialogue and proactive risk assessment.

 

President T Raja Kumar’s closing remarks, emphasizing collaborative adaptation and vigilance, served as a rallying call for industry-wide cooperation in combating financial crimes.

“law enforcement moves at the speed of law, criminals move at the speed of money,”

FATF President T Raja Kumar

Conclusion

Reflecting on the forum and recognizing the significance of feedback in shaping regulatory frameworks, International Digital Asset Exchange Association (IDAXA), led by Anson, announced plans to host a consultation session for VASPs and member associations.

 

This initiative aims to solicit valuable insights directly from stakeholders, contributing to a more effective, inclusive, and adaptive regulatory environment.

 

As a regulated payments provider, dtcpay is committed to actively participating in this crucial session, ensuring our perspectives are heard and considered in shaping the future of VASP regulation.

 

About dtcpay

dtcpay is a regulated payment service provider that offers reliable solutions for merchants to grow their revenues with higher acceptance rates for Fiat and cryptocurrency transactions. Our clients’ 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.

 

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Industry Insights

Navigating the Future of Cryptocurrency Payments at Web3 Festival

dtcpay’s CSO Anson Zeall dives into the future of crypto payments at the Hong Kong Web3 Festival. Explore opportunities, challenges, and collaborative endeavors shaping the ever-evolving landscape.

8 Apr 2024 2 mins Read

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dtcpay’s CSO Anson Zeall dives into the future of crypto payments at the Hong Kong Web3 Festival. Explore opportunities, challenges, and collaborative endeavors shaping the ever-evolving landscape.


Introduction

The intersection of cryptocurrency and traditional finance is a realm brimming with opportunities and challenges. Anson Zeall, the Chief Strategy Officer and Head of Compliance at dtcpay, recently shared invaluable insights into this dynamic landscape during the ‘Web3 Payment Re-imagined’ session at the Hong Kong Web3 Festival.

Growing Need for Cryptocurrency Payments

Commencing his discourse, Zeall shed light on the growing demand for cryptocurrency payments and the ecosystem fostering their expansion. He outlined the benefits for businesses embracing cryptocurrency and stablecoin transactions, signaling a transformative shift in financial paradigms.

Outlook on Crypto Payments

Backing his assertions with data-driven insights, Zeall navigated through the burgeoning landscape of cryptocurrency payment apps. He highlighted the exponential growth trajectory, fueled by the widespread adoption of Bitcoin and its integration into commercial operations. Projections painted a vivid picture of a market poised for a remarkable compound annual growth rate (CAGR) of 17.23% by 2030. Notably, Zeall spotlighted the substantial progress, with 312 major brands already embracing crypto payments, signaling a palpable momentum towards mainstream acceptance.

Challenges and Opportunities in Crypto Payments

Yet, amid this optimism, Zeall underscored the imperative of proactive regulatory frameworks. He emphasized the critical need for effective payment regulations, advocating for a nuanced comprehension of the Commonwealth Model Law. Acknowledging the inherent challenges of pioneering technology adoption, Zeall called for collaborative efforts to navigate the regulatory landscape, thus facilitating sustainable growth and broader adoption of crypto payments.

Innovation and Regulation in Crypto Payments

In a bid to foster synergy and innovation, Zeall extended an invitation to cultivate global partnerships between private and public sectors. Recognizing the relationship between regulatory clarity and technological advancement, he underscored the importance of a harmonious convergence between innovation and compliance. Through nurturing partnerships across diverse stakeholders, Zeall envisioned a future where crypto payments flourish within a conducive regulatory environment.

 

Wrapping up his address, Zeall summarized the essence of the Web3 Festival—a hub of innovation, collaboration, and the pursuit of decentralized technologies. Encouraging attendees to engage fully, he highlighted the significance of collective action in shaping the future of crypto payments.

Conclusion

In conclusion, Anson Zeall’s presentation at the Web3 Festival provided a profound insight into the evolving landscape of crypto payments. With a blend of optimism, pragmatism, and a call to action, Zeall navigated through the complexities of innovation and regulation, illuminating a path forward for stakeholders.

 

As the world embraces the transformative potential of blockchain technology, we invite you to join us on this journey toward mainstream adoption of crypto payments, propelled by collaboration, innovation, and a commitment to regulatory clarity.

 

About dtcpay

dtcpay is a regulated payment service provider that offers reliable solutions for merchants to grow their revenues with higher acceptance rates for Fiat and cryptocurrency transactions. Our clients’ 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.

 

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Media Feature

Feasibility of Businesses Accepting Crypto

As featured on Channel NewsAsia, 28 Mar 2024

4 Apr 2024 < 1 mins Read

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As featured on Channel NewsAsia, 28 Mar 2024


Feasibility of Businesses Accepting Crypto

Anson Zeall, CSO and Head of Compliance at dtcpay, and Interim Chair at ACCESS shares how businesses can benefit from adopting cryptocurrency payments.

Media Feature

dtcpay CEO Liu Jia Dreams Of Integrating All Payment Methods Into One

Discover how Alice Liu, CEO of dtcpay, aims to revolutionize payment methods by integrating credit cards, Alipay, WeChat, and cryptocurrencies onto a single platform. Learn about the challenges Alice faced as an entrepreneur, her compliance-first focus, and her optimistic outlook on life.

19 Mar 2024 < 1 mins Read

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来到狮城,狮子座的她做起“全合一打捞”。


Photography CHER HIM
Art Direction ANG POH LEE
Text 赵璐
妆发 LENY FU

Introduction

她的精彩故事,要从与新加坡的缘份说起。她笑说自己是狮子座,与狮城缘定今生,感觉很奇妙。2019年,刘佳Liu Jia毅然辞去香港民生银行董事总经理的职务,想放个假,重新修整再出发,于是报读了新加坡国立大学高级工商管理硕士研究生EMBA学位。

 

就读期间,她结识了来自区块链、加密货币、金融支付等各领域的精英翘楚,除了听老师讲课,也与同学们沟通交流,弥补自己的知识盲点。 从一位做区块链与数字货币的同学那里了解新加坡支付服务法案(简称PSA法案),得知要求提供DPT(数字支付令牌)的服务商须向新加坡金融管理局申请执照。 她也逐渐感受到新加坡政府对金融科技的支持,对加密货币和区块链开放包容的态度,以及新科技与新兴产业的巨大潜能。 于是,她抱着“初生牛犊不怕虎”的心态,和同学一起申请。 这一申请,就等了两年多。等待期间,处于豁免期,同样可以展开业务。

大胆试水

就读国大的第一年,刘佳与一帮志同道合的朋友创办 了dtcpay支付公司,担任CEO首席执行官。 如今,公司已经发展成为MAS(新加坡金融管理局)授权的主要支付机构,提供DPT服务,也几乎涵盖了MAS旗下的所有支付活动。 深奥的专业术语,对门外汉来说简直是云里雾里。她想要做的,是否类似支付宝?

“不完全一样,支付宝是我们的合作伙伴。我和合伙人去餐厅吃饭时发现,一个餐厅需要多个POS刷卡机来收款,那时我们就有一个将信用卡、支付宝、微信甚至是加密货币支付等多种支付方式,整合在一台机器上的all-in-one(全合一)梦想。这并非易事,我们朝着梦想方向努力着。 我也在想,为什么传统支付方式不能用区块链技术来做?去中心化的区块链完全有迹可循,实时到账,效率非常高,用科技手段就能让支付更加便捷。简言之,dtcpay就是Web2与Web3之间的支付桥梁 。 这也是她创办dtcpay的初衷。 2022年,dtcpay正式获准提供DPT服务,也是新加坡第五家获得此服务许可的公司之一(迄今有17家公司获此许可)。 从2019年开始申请至2022年,苦等了两年十个月终于获批, 刘佳笑言“孩子都能生出来了”。

提交申请,所需要的资料繁琐异常。MAS对申请人背景身份的调查与认证等等,个中滋味三言两语道不尽。虽说是尚未成熟的新兴产业,还是有很多公司参与到分蛋糕的行列。

“起初有五百多家一起申请,我们这个圈子不具排他性,都是良性竞争。比如哪家公司获得许可后,我们都会互发贺电。越多的公司加入,就会促进整个行业的发展。 我相信,良性的竞争会加速科技发展,也希望我们能杜绝利用此行业作恶的现象,同心协力为区块链产业洗白。”

克服难关

针对区块链与数字货币支付等知识,刘佳侃侃而谈, 我却听得一头雾水。 她笑说做这行最大的挑战就是认知率,特别是2019年dtcpay创办初期,懂得的人凤毛麟角。当时与四大国际会计师事务所之一的PwC普华永道合作,还被当做成功范例。

 

除了公众认知,法律法规其实尚未健全,也是让人头疼的问题。没有先例可以借鉴、照搬,只能先参照传统金融行业的最高级认证,之后在新领域研发、摸索。另一个最难过的坎儿就是找员工。

“团队太重要了!都说管理就是管人,我的目标之一就是将有能力的人聚到一起开心工作。但是,要找到对的人来做对的事,真的很难。”

处于初创期的科技公司,都要靠烧钱来支撑。起初是她与合伙人出资来支撑公司的运作,后来也有人抛出橄榄枝,想购买他们的牌照许可,但都被她婉拒。

“好不容易拿到入场券(牌照)可以合规经营,哪能那么容易就放弃?再难也要咬牙坚持下去。”

如今,dtcpay也已取得阶段性的胜利,马上就能自负盈亏了。

最是严格

合规经营,是刘佳的目标之一。所有跟dtcpay申请开户的客户,都要经过严格审查(比如弄清楚他们的资金来源及用途目的),也因此被誉为新加坡反洗钱、反恐融资最严格的科技公司。 对于新加坡市场的发展前景,幽默的刘佳引用中国热门电视剧《狂飙》里一句经典台词:风浪越大鱼越贵。 当一门新兴产业处于野蛮生长的阶段,或者省掉合规成本, 自然会赚大钱。但“君子爱财取之有道”,刘佳会坚持初心,与对的人一起做对的事。

 

刚成立时,团队只有五个人,现在已经扩大至三十多人,也已在香港、缅甸与菲律宾设立办事处。 拿到新加坡牌照后,接下来她打算申请香港、迪拜乃至欧洲的支付令牌,让dtcpay的足迹遍布全世界。

传递大爱

狮子座热情豪爽、有爱心的特质,在刘佳身上展现得淋漓尽致。 没来新加坡之前,她就一直热衷于慈善事业。定居狮城后她仍继续投身慈善,除了身体力行向慈善机构献爱心,她还是新加坡九龙会慈善组的组长,定期举办慈善活动,也得到外交部兼国家发展部高级政务部长沈颖的大力支持。去年她参与“万岁慈善斋宴”,邀请五百余位乐龄人士和宾客欢聚一堂享用斋宴、欣赏娱乐节目,为佛教慈济慈善事业基金会(新加坡)筹得25万元。

 

博爱之人必定也是好老板,她说她最大的优势是同理心、设身处地为别人着想。是否担心自己的善良被人利用?

“有时我不够果断,这方面我必须改善。如果有人影响公司的发展,或者以权谋私来做恶,我就要坚决制止。”

这么忙,哪有时间结婚生子?她笑说小学老师也曾发信息责问她,为何不回家探亲?不结婚生子?

她的回答是: “我也有爱,是大爱。自己的小爱要排在后面。现在的我每天忙忙碌碌,内心非常富足。”

其实她非常喜欢小孩子,最初的梦想是做幼儿园老师。何不自己开一间幼儿园?她笑说那可不行,一旦开展幼教事业,她必须全心全意去照顾小朋友,那样会变得更忙。 遇到烦心事,乐观的她盖上被子睡一觉就好了。

“烦恼是什么?就是欲望不得、无能的表现形式。真有能力解决问题,就不会有烦恼。真的无法解决,就改变自己的心态啊!那比改变别人容易太多了。”