dtcpay, a Singaporean digital payments company, has received approval for an Electronic Money Institution (EMI) license from the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg, effective 29 October.

The license follows the Green Light Letter issued by the CSSF in July.

The approval marks the activation of dtcpay’s European strategy, with Luxembourg serving as its continental headquarters and regulatory hub for the European Economic Area (EEA).

The EMI license permits dtcpay to provide services across 30 EEA countries, covering over 450 million consumers and businesses.

“This milestone represents a significant achievement for our team. We are highly appreciative of the expert guidance and thoughtful support provided by the CSSF throughout the application process,”

said Alice Liu, Group CEO of dtcpay.

Founded six years ago, dtcpay focuses on bridging traditional and digital finance through regulated stablecoin infrastructure.

With its EMI license now active, alongside a growing list of approvals in other jurisdictions, the company is positioning itself for Markets in Crypto-Assets (MiCA) Crypto-Asset Service Provider (CASP) licensing as it expands its solutions in Europe.

dtcpay’s choice of Luxembourg aligns with the European Union’s pro-innovation and high-compliance framework, positioning the company to serve as a regulated gateway for fintechs entering the European market.

Featured image credit: Edited by Fintech News Singapore, based on image by Shalev Cohen via Unsplash

This article first appeared on Fintech News Switzerland