Tag: web3

Founded in 2019, dtcpay offers services including account issuance, domestic money transfer, cross-border money transfer, merchant acquisition, e-money issuance and digital payment token services. It offers payment processing for users transacting across fiat and digital currencies.

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Link to article: https://www.businesstimes.com.sg/startups-tech/dtcpay-raises-us165-million-pre-series-round-led-pontiac-land-chairman

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Link to article:

https://cn.cointime.ai/flash-news/dtcpay-xuan-bu-huo-de-1650-wan-mei-yuan-de-prea-lun-rong-zi-you-kwee-liong-tek-ling-tou-21091

Dtcpay and the mission to transform digital payments market

Dtcpay, which launched in 2019, is a payment service provider that supports both traditional and digital currency transactions and provides secure payment processing. In addition to accounts issuance, it also offers services like domestic and international money transfers, merchant acquisition, e-money issuance, and digital payment tokens. The company says that it will put proceeds from the funding round towards new product development, improved operational and infrastructure capacity, and international growth initiatives.

Dtcpay has established itself as a licensed and reputable platform that offers a seamless conversion between traditional currencies and digital currencies, all on a single platform. By broadening the forms of payment they accept and streamlining the time it takes to execute transactions, merchant businesses on the platform can expand their customer bases. The company rebranded in 2023 with the intention of serving emerging web3 enterprises and expanding into new markets, including as cross-border payments.

With its robust governance provided by credible partners, the company says it is prepared to rapidly enter international markets. Customers have flocked to QR code payments due to their convenience and the increased number of payment options they provide. This gives Dtcpay a broad niche on which to focus its expansion.

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Link to article: https://www.investingcube.com/dtcpay-raises-16-5-million-to-expand-digital-payments-service/

SINGAPORE, June 21, 2023 /PRNewswire/ — dtcpay, a Singapore-based digital payments platform, announced it has raised USD16.5M in a pre-Series A funding round. One of Singapore’s most influential conglomerate family business owners, Mr Kwee Liong Tek, Chairman of Pontiac Land Group, led this round. The funding will further invest in product development, building more robust operations / infrastructure capabilities, and expanding dtcpay’s global presence.

Seamless payments for the digital economy

dtcpay provides seamless conversion of fiat and digital currencies in a single platform by a regulated trusted provider. This enables merchant businesses to grow their customer base by accepting more payment types with a quick and easy settlement process. Consumers have gravitated towards the simplicity of QR code payments, enabling more choices for their preferred payment method to be used. dtcpay’s vision is to streamline the payment experience making it easy for consumers to interact with digital currencies bridging the gap between traditional businesses to web3.

Growth and Expansion

Mr Kwee Liong Tek, Chairman of Pontiac Land Group, led dtcpay’s pre-Series A funding round, highlighting the promising future of digital payments. Pontiac Land Group is a luxury real estate developer, owner and operator of properties including Capella Hotel Group and Millenia Singapore which includes the Ritz-Carlton and Conrad Hotels in Singapore. The Group’s assets under management is in excess of SGD10 billion across hospitality, mixed-used, commercial and residential developments spanning across Singapore, New York, Sydney and the Maldives. The other investors in this funding round include David Tung, former Managing Director/ Partner of The Carlyle Group, Jean Marc Poullet Chairman Asia, BURGESS and ex Senior Partner, McKinsey & Co, Tham Sai Choy former KPMG Singapore and Asia Pacific Chairman.

“dtcpay has demonstrated remarkable growth prospects and aligns with our investment strategy” says John Tay, representing Mr Kwee’s investment vehicle.  “From the moment we met with the dtcpay team, we saw their commitment to the regulated financial markets as fully licensed payments provider that could integrate well with our international portfolio of leading hospitality brands bringing them into the web3 economy”

In 2023, the company rebranded to dtcpay and appointed Kanny Lee as Group CEO with market expansion goals that tap into areas such as cross-border payments and to serve nascent web3 businesses.

“It’s not often you see a generational shift into a global digital economy where businesses increasingly interact with their customers online or offline with use of digital currencies.” says Kanny Lee. “At dtcpay, we are excited about the prospect of working with globally renowned hospitality brands to open the door to their customers for digital payments. With the support of Mr. Kwee and our other investors, we are well positioned to quickly access overseas markets with reputable partners providing us strong governance”

dtcpay is a leading payment service provider headquartered in Singapore that offers reliable payment processing while transacting across both fiat and digital currencies. dtcpay was founded in 2019 by Alice Liu and her classmate who met while studying at the National University of Singapore.

As a licensed Major Payment Institution (MPI) regulated by the Monetary Authority of Singapore (MAS), dtcpay has become a trusted partner for businesses entering the digital economy.

About Mr Kwee Liong Tek, 

Mr Kwee Liong Tek is the Chairman of Pontiac Land Group, a privately held luxury real estate developer, owner and operator in Singapore. The group’s assets span hospitality, mixed-use, commercial and residential developments in Singapore, New York, Sydney and the Maldives, including the leading hospitality management company Capella Hotel Group as a wholly owned subsidiary.

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 benefit from frictionless payment experiences, whether they are interacting with our POS+ terminal in-store or via ecommerce online. dtcpay was recognized as the best cryptocurrency payment company by APAC Insider and selected for the Mastercard Start Path program

Founded in 2019 in Singapore, dtcpay is a licensed Major Payment Institution (MPI) under the Monetary Authority of Singapore (MAS) with services offered offered including Account Issuance, Domestic Money Transfer, Cross-Border Money Transfer, Merchant Acquisition, E-money Issuance and Digital Payment Token (DPT) services.

Find out more at https://dtcpay.com/

LinkedIn: https://www.linkedin.com/company/dtcpay/

Twitter: https://twitter.com/dtc_pay

SOURCE dtcpay

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Link to article: https://www.prnewswire.com/apac/news-releases/dtcpay-announces-usd16-5m-in-pre-series-a-funding-round-led-by-mr-kwee-liong-tek-301854875.html

Singapore-based fintech company, dtcpay, which specializes in bridging traditional and digital currencies through its integrated payment platform, has successfully garnered US$16.5 million (equivalent to $22.2 million) in a pre-Series A funding round.

Kwee Liong Tek, who presides as the chairman of the property development firm Pontiac Land Group, played a pivotal role in the funding round, a local news outlet reported.

Pontiac Land Group is known for its ownership and management of high-end properties, including the Capella Hotel Group and Millenia Singapore.

Notably, the latter boasts an impressive range of luxury accommodations such as Singapore’s Ritz-Carlton and Conrad hotels.

The influx of funds is earmarked for an array of purposes, including fortifying dtcpay’s product offerings, bolstering its operational framework and infrastructure, and enhancing the company’s international footprint.

John Tay, who spoke on behalf of Kwee Liong Tek’s investment entity, said, “dtcpay has demonstrated remarkable growth prospects and aligns with our investment strategy,” adding, “From the moment we met with the dtcpay team, we saw their commitment to the regulated financial markets as fully licensed payments provider that could integrate well with our international portfolio of leading hospitality brands bringing them into the web3 economy.”

Kanny Lee, who serves as the group CEO of dtcpay, conveyed his enthusiasm regarding the collaboration with globally acclaimed hospitality brands to facilitate digital payments for their clientele.

Lee expressed his gratitude to Kwee and other investors, emphasizing that their support places dtcpay in an advantageous position for rapid global expansion in tandem with reputable partners that uphold strong governance.

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Link to article:

https://www.benzinga.com/markets/cryptocurrency/23/06/32947032/singapore-fintech-dtcpay-raises-16-5m-in-pre-series-a-round-aims-to-bridge-traditional-and

Singapore-based dtcpay, a payments startup with a crypto business, raised a $16.5 million pre-Series A round, according to local news reports.

The investment was led by Kwee Liong Tek, chairman of luxury real estate firm Pontiac Land Group — owner of properties including the Capella Hotel Group and Millennia Singapore, which in turn owns the Ritz-Carlton and Conrad hotels in the city-state.

The money will reportedly be used for product development and for expanding globally.

Founded in 2019, dtcpay offers a range of payment services, including payment processing for users transacting in both fiat and crypto.

David Tung, former managing director and partner at The Carlyle Group, Burgess Asia chairman Jean-Marc Poullet and Tham Sai Choy, former KPMG Singapore and Asia-Pacific chairman, also participated in the investment round. The reports did not include a valuation.

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Link to article:

https://www.theblock.co/post/235786/payments-startup-dtcpay-fundraise

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Read the full article here:

https://www.straitstimes.com/business/s-pore-based-digital-payments-firm-dtcpay-sets-sights-on-expansion-after-raising-221-million

SINGAPORE, April 13, 2023 /PRNewswire/ — Digital Treasures Center refreshed its branding strategy whereby, it will be known as “dtcpay” going forward reflecting its commitment towards digital payments. Since 2019, dtcpay’s mission is to bridge the gap between digital assets and traditional finance and help businesses grow quickly by accepting payment methods that customers prefer, across both fiat and digital currencies. This rebranding aims to unveil an expansion roadmap as dtcpay recently appointed Group CEO Kanny Lee, a thought leader in the Web3 community.

“Our fresh look and feel are inspired by the businesses that trust dtcpay today. From orange to blue, purple and vibrant pink, the new palette captures the excitement of a world waiting to be explored. We’ve also rediscovered our tone of voice, where we speak to our business partners to help them accelerate digital adoption,” said Kanny.

“In Asia, particularly the key tier 1 financial capitals such as Singapore, Hong Kong and Tokyo, have experienced a rapid rate of digital adoption primarily due to transparent regulatory frameworks for digital financial inclusion,” said Kanny. He added, “We are expanding business operations into Hong Kong, capitalizing on the region’s growing acceptance of digital payments and its key focal point as an entryway into the world’s largest consumer market. Our aim is to solidify our position in the APAC region by obtaining a license in Hong Kong, following our recent success in securing the MPI license from the Monetary Authority of Singapore (MAS). This achievement is a testament to Asia providing the most regulatory clarity for digital payments around the world.”

As a regulated and fully licensed payments service provider by MAS, dtcpay’s expansion roadmap includes launching more fiat and digital currency pairings for the multi-currency swap product. This is the backbone that enables merchants and their customers to conduct value transfers seamlessly and cost-effectively. Each of these merchants utilizes dtcpay POS+, as an all-in-one device that accepts various forms of digital payments: credit cards, QR code payments, digital currencies, etc. By streamlining the payment process for merchants, it saves time and effort when confronted with an avalanche of payment methods and channels favored by consumers and we have processed over S$50 million in transactions within the first quarter of 2023.

In a further effort to make settlement even more efficient for its merchants, dtcpay has launched an e-money pilot program called eSGD. The program aims to offer a secure and convenient payment option for merchants and their customers, resulting in a simpler and smoother payment experience. As the demand for cashless transactions continues to rise, e-money is becoming an essential part of the payment landscape. dtcpay aims to help merchants grow their businesses by providing efficient and reliable digital payment solutions.

As of April 2, 2023 dtcpay has integrated with WeChat Pay for its merchants to offer more convenient settlement for Chinese nationals. This partnership comes as demand for WeChat Pay is increasing in Singapore, especially after China opened its border and made it easier for Chinese tourists and Chinese nationals living in Singapore to enjoy the convenience of this payment option.

As dtcpay secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), dtcpay welcomes a new chapter in the rapidly evolving payment landscape and rebranded to be a more innovative and inclusive brand in the digital payment ecosystem and maintains the leading edge in technology and ensures that dtcpay operates within a regulated environment by offering secure, and legally compliant solutions for the digital payment industry.

With the rebrand, dtcpay welcomes a new chapter in the rapidly evolving payments industry, while maintaining the leading edge in technology and ensuring security and compliance for our customers across the network.

For media-related queries, please contact:
Email: contact.us@dtcpay.com

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/ 
LinkedIn: https://www.linkedin.com/company/dtcpay/ 
Twitter: https://twitter.com/dtc_pay

SOURCE dtcpay

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Link to article:

https://www.prnewswire.com/apac/news-releases/digital-treasures-center-rebrands-to-dtcpay-reflecting-its-commitment-towards-digital-payments-301795541.html

FX168財經報社(香港)訊 加密貨幣支付提供商Digital Treasures Center持有新加坡金融管理局(MAS)的MPI牌照週四(4月13日)宣佈，正式更名爲DtcPay，已將業務擴展到香港市場，並已爲商戶接入微信支付，爲中國公民提供更便捷的結算，未來也將推出更多的法定貨幣和加密貨幣交易對。

自2019年以來，DtcPay的使命是彌合數字資產與傳統金融之間的差距，並通過接受客戶喜歡的法定和加密貨幣支付方式幫助企業快速發展。隨着品牌重塑，DtcPay最近任命Kanny Lee爲集團首席執行官，他是Web3華人社區的意見領袖。

DtcPay於2019年在新加坡成立，是新加坡MPI持牌主要支付機構，提供數字支付令牌(DPT)服務。該公司通過在美洲、香港和中東的受監管子公司擴大全球足跡。

Kanny表示：「在亞洲，尤其是主要的一級金融中心，如新加坡、香港和東京，由於數字金融包容性的透明監管框架，數字化採用速度很快。我們正在將業務擴展到香港，利用該地區對數字支付的日益接受及其作爲進入全球最大消費市場的入口的主要焦點。」

「我們的目標達成，通過最近成功獲得的新加坡金融管理局的MPI牌照後，也同樣在香港獲得牌照。這一成就證明，亞洲爲全球數字支付提供了最清晰的監管，」他補充。

作爲受新加坡官方監管並獲得全面許可的支付服務提供商，DtcPay的擴張路線圖包括爲多貨幣互換產品推出更多法定貨幣和數字貨幣配對，這是使商家及其客戶能夠無縫且經濟高效地進行價值轉移的支柱。

這些商戶中的每一個都使用DtcPay POS+，作爲一種接受各種形式的數字支付的一體化設備：信用卡、QR碼支付、數字貨幣等。通過簡化商戶的支付流程，它可以節省時間和精力面對消費者青睞的大量支付方式和渠道。

據吳說區塊鏈(Wu Blockchain)消息：「DtcPay在2023年第一季內處理超過5000萬新元的交易。」

爲了進一步提高商家的結算效率，DtcPay推出一項名爲eSGD的電子貨幣試點計劃。該計劃旨在爲商家及其客戶提供安全便捷的支付選項，從而帶來更簡單、更流暢的支付體驗。隨着對無現金交易的需求持續增長，電子貨幣正成爲支付領域的重要組成部分。DtcPay旨在通過提供高效可靠的數字支付解決方案，來幫助商家發展業務。

2023年4月2日起，DtcPay已爲商戶接入微信支付，爲中國公民提供更便捷的結算。此次合作正值新加坡對微信支付的需求不斷增長之際。此前，DtcPay已在中國開放邊境後，讓中國遊客和居住在新加坡的中國公民，更容易享受這種支付方式的便利。

另外，香港衆安銀行(ZA Bank)首席執行官姚文鬆(Ronald Iu)受訪表示，已經獲得許可通過持牌交易所，提供加密貨幣到法定貨幣的兌換服務。該行將作爲客戶的結算銀行，允許他們在交易所存入加密代幣後，以人民幣、美元和港元取款。

延伸閱讀：突發重磅！香港允許衆安銀行「提供加密兌換服務」 可通過人民幣、美元和港元取款

隨着DtcPay獲得新加坡MPI牌照，公司迎來快速發展的支付領域的新篇章，並更名爲數字支付生態系統中更具創新性和包容性的品牌，並保持領先的技術，並通過爲數字支付行業提供安全、合法合規的解決方案，確保DtcPay在受監管的環境中運營。

通過更名，DtcPay迎來快速發展的支付行業的新篇章，同時保持了技術領先優勢，並確保了我們網絡中客戶的安全性和合規性。#NFT與加密貨幣#

Link to article – https://hk.investing.com/news/economic-indicators/article-319295