Digital Assets Trading Platform Sparrow Offers PayNow Services for Institutional Clients
by Fintech News Singapore November 24, 2021Sparrow, a digital assets trading platform headquartered in Singapore, announced that it now accepts PayNow transfers for institutional clients.
PayNow is a convenient and secure method of transfer which is in line with the high-security standards adopted by the local banks in Singapore.
With the increased adoption of cryptocurrencies, Sparrow aims to leverage an integrated, secure, trusted, and regulated platform for its digital asset transactions.
By adopting a safe and secure digital payments solution from a major local bank, Sparrow said that it is committed to building a sustainable trading platform that simplifies fiat and cryptocurrency conversions.
This is part of Sparrow’s constant drive to improve the user experience for every client.
To further optimise the trading journey at Sparrow, its technology stack marries web app development with efficiency and security.
Established in 2018, Sparrow works with financial institutions and family offices to design bespoke digital asset solutions to achieve customer-centric growth objectives, without compromising on financial reporting and compliance requirements.
Sparrow had applied for a Major Payment Institution License under the Payment Services Act in 2020.
Kenneth Yeo
“We have started to accept instant and fast funds transfer through PayNow’s secure facilities, making trading on Sparrow more convenient and secure.”
said Kenneth Yeo, CEO of Sparrow.
Liu Li
“We have adopted the industry’s best practices and designed a layered security architecture to provide multiple defensive measures against vulnerabilities and attacks,”
explained Liu Li, CTO of Sparrow.
