dtcpay Taps Sumsub’s e-KYC Solution for Secure Digital Currency Transactionsby Fintech News Singapore September 20, 2023
Singapore-based digital payments platform dtcpay has tied up with global full-cycle verification platform Sumsub to enhance the security and reliability of digital currency transactions in target markets, including Singapore, Hong Kong, Dubai, the UK, and Europe.
Sumsub’s e-Know Your Customer (KYC) solution will be integrated into dtcpay’s wallet platform to simplify the onboarding process for users.
This applies for customers looking to make multi-currency swap, online payments, in-store payment and PayByLink.
Additionally, this partnership also aims to empower businesses and merchants to scale and facilitate their integration into the larger digital currency ecosystem.
“We see Sumsub’s role as a regtech service provider to simplify compliance processes and support more businesses in participating in the financial ecosystem.
It’s an honour for us to collaborate with MAS-licensed dtcpay, a partner who is also dedicated to driving the growth of businesses and merchants in the region.”
said Penny Chai, VP of Business Development APAC.
“Sumsub’s eKYC solution enables us to streamline the onboarding process for our users, making it faster and more user-friendly. This not only ensures compliance with regulatory requirements but also improves the overall user experience.
Additionally, Sumsub’s advanced verification technology helps us maintain a high level of trust and security in our platform, which is crucial in the financial industry.”
said Alice Liu, Chief Executive Officer at dtcpay.