DPT-Licensee Digital Treasures Center Rebrands to dtcpayby Fintech News Singapore April 13, 2023
Digital Treasures Center, a payment company based on distributed ledger technology, announced that it has rebranded as dtcpay in a bid to reflect its commitment towards digital payments.
dtcpay said that the rebrand also aims to unveil its expansion roadmap which includes launching more fiat and digital currency pairings for the multi-currency swap product.
The company aims to streamline the payment process for merchants with dtcpay POS+, as an all-in-one device that accepts various forms of digital payments including credit cards, QR code payments, digital currencies and more.
In a further effort to make settlement even more efficient for its merchants, dtcpay has also launched an e-money pilot programme called eSGD. The programme aims to offer a secure and convenient payment option for merchants and their customers.
As of 2 April 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.
dtcpay reports that it has processed over S$50 million in transactions within the first quarter of 2023.
The company had secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS) to be a fully regulated provider of Digital Payment Token (DPT) services in August 2022.
“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).”
said Kanny Lee, Group CEO of dtcpay.