Tag: VISA

Singapore, 26 February 2025 — dtcpay, a leading stablecoin payments solution in Singapore, is thrilled to announce a groundbreaking partnership with Metro, one of Singapore’s most iconic and trusted department stores. This collaboration marks a bold step into the future of retail, empowering Metro customers to shop seamlessly using stablecoins.

As the retail landscape continues to evolve, Metro is pioneering the integration of cutting-edge payment technology, ensuring it remains at the forefront of innovation. By embracing dtcpay’s secure and reliable stablecoin payment solutions, Metro is enhancing the shopping experience & creating more excitement while setting a new standard for the future of retail transactions.

“At Metro, we’ve always been committed to innovation and delivering exceptional experiences for our customers. This partnership with dtcpay is a testament to our vision of staying ahead of the curve in a rapidly changing retail landscape. By integrating stablecoin payments, we’re not just embracing the future—we’re shaping it. This is a transformative moment for Metro, and we’re excited to lead the way in making digital assets a practical and everyday reality for our customers.”

— Erwin Wuysang-Oei, Chief Operating Officer, Metro Departmental Store

For over six decades, Metro has been a cornerstone of Singapore’s retail scene, offering everything from high-end prestige beauty products and fashion to home essentials and electronics. With this exciting partnership, Metro is redefining convenience and accessibility by enabling customers to pay with stablecoins like USDT (Tether), USDC (USD Coin), WUSD (Worldwide USD), and the soon-to-be-supported FDUSD (First Digital USD).

Stablecoins, known for their stability and security, eliminate the volatility often associated with traditional cryptocurrencies, making them an ideal choice for everyday transactions. This integration allows Metro to cater to a tech-savvy, forward-thinking audience, while continuing to provide the same trusted service and quality that loyal customers have come to expect.

“Now, Metro customers can enjoy seamless, secure payments without the concerns of price fluctuations that come with using more volatile digital assets. Shoppers can pay directly with their preferred stablecoin (USDT, USDC, FDUSD, or WUSD) at checkout, making it easier and more convenient to use digital assets in their daily lives.”

— Andy Sze Toh, Commercial Director, dtcpay

The retail industry is undergoing a digital transformation, and stablecoins are emerging as a key driver of this change. According to a recent Chainalysis report, stablecoin payments in Singapore reached nearly $1 billion in Q2 2024 alone, underscoring the growing demand for stable, predictable digital payment methods.

By partnering with dtcpay, Metro is not only meeting this demand but also taking the lead as a leader in the adoption of blockchain-based payment solutions. This move reflects a broader shift in consumer preferences toward modern, transparent, and secure financial options that simplify transactions while maintaining stability.

dtcpay has been at the forefront of integrating stablecoins into real-world applications. Earlier this year, the company partnered with Capella Hotel Group, enabling guests to pay for stays at luxury properties like Capella Singapore and Patina Maldives using stablecoins. These partnerships demonstrate the versatility and practicality of stablecoins, proving they are more than just a niche technology—they are a viable solution for everyday transactions.

With Metro joining this innovative network of forward-thinking brands, the adoption of stablecoins in retail is set to accelerate. This collaboration is a testament to the potential of digital assets to transform industries, offering both businesses and consumers with a faster, more secure, and more efficient way to transact.

The partnership between Metro and dtcpay represents a significant milestone in the evolution of retail payments. By integrating stablecoin solutions, Metro is not only enhancing the shopping experience but also setting a new benchmark for innovation in the retail sector.

As consumer preferences continue to shift toward digital-first solutions, Metro’s embrace of stablecoin payments positions the brand as a trailblazer in the industry. Together with dtcpay, Metro is paving the way for a future where digital assets are seamlessly integrated into everyday life, offering customers the flexibility, security, and convenience they demand.

This collaboration is more than a partnership—it’s a vision of what’s possible when innovation meets tradition. As stablecoin adoption grows, dtcpay and Metro are leading the charge, proving that the future of retail is here, and it’s powered by digital assets.

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 stablecoin 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.

Metro is one of Singapore’s most iconic & beloved department stores, offering a wide range of products across fashion, beauty, home essentials, and more. With a legacy of trust and quality, Metro continues to innovate to meet the evolving needs of its customers.