DCS has appointed payments executive Jia Hang as its new Executive Chairman, the most senior leadership move in the company’s history.

He will oversee the DCS Group, which includes its global fintech business and its core Singapore operations.

The appointment comes as the company strengthens its role in Singapore’s payments sector and expands its dual rail infrastructure across traditional and blockchain networks.

DCS said Jia will guide strategy, governance and business development, with a focus on improving financial access, supporting interoperability and working closely with regulators and partners.

His role also includes enhancing customer experience and reinforcing DCS’ position as a trusted payments institution.

Jia previously held leadership roles at Ant Group, UnionPay, Alibaba and Lazada.

He served as Global Head of Payment and Financial Services at Alibaba International Digital Commerce Group.

His earlier work at Ant included leading the expansion of Alipay+ across Southeast Asia and Europe.

During his tenure at China UnionPay and UnionPay International, he oversaw operations in the Americas and helped establish UnionPay USA.

“DCS represents one of the few financial institutions in Asia with the depth and heritage of regulatory trust, operational discipline, and entrepreneurial freedom to reimagine that future from Singapore outward.

My vision is to build a new kind of payments network; one that combines the reliability of traditional finance with the agility of next-generation technology.”

said Jia Hang, Executive Chairman, DCS Group.

Last month DCS completed its largest S$450 million asset backed securitisation programme, with senior tranches receiving AAA ratings.

Earlier this year it launched the DeCard Visa card, which allows Web3.0 users to convert stablecoins for everyday spending.

Featured image: Edited by Fintech News Singapore, based on image by Frolopiaton Palm via Freepik