Digital Transformation Payments

Ceridwen Choo Named CEO of New Payment Innovation Unit at DCS Card Centre

Singaporean fintech DCS Card Centre has established the DCS Innov, a fresh division aimed at propelling digital innovation in the payments space. Ceridwen Choo, an executive known for her extensive experience in the fintech and global payment networks, has been named CEO of the new unit.

The new unit is poised to foster collaborations within the industry to develop innovative payment solutions that integrate seamlessly into the existing payment ecosystem.

The creation of DCS Innov revolves around four strategic pillars designed to bring about impactful changes in the payments sector.

These include forging partnerships to co-create and scale new initiatives, leading the shift towards Web 3.0 payments for enhanced efficiency and security, exploring embedded finance by integrating financial services into non-financial platforms, and establishing labs to incubate new ideas through partnerships with fintech startups and educational institutions.

The establishment of DCS Innov follows the success of the Payments & Innovation (P&I) team, which under Ceridwen Choo’s leadership, has already introduced several initiatives such as D-Vault and DCS Tokens, the latter being a notable payment token listed on the Bitget digital asset service platform.

By leveraging its existing strengths and licenses in card operations, credit risk, and compliance, DCS Innov said that it is set to co-create solutions that meet the evolving needs of the global payment economy.

Ceridwen Choo

“Today, disruptive technology has rapidly opened new possibilities for businesses to grow by integrating financial services into their core offerings, and for customers to enjoy greater flexibility and dexterity in how they manage their payments.

This is a need that we are well-positioned to serve, and together with the support of DCS and our partners, we will keep working towards driving innovation in payments,”

said Ceridwen Choo, CEO of DCS Innov.

Karen Low

“As we approach the one-year milestone of DCS’s rebranding, we stand at the threshold of an exciting new chapter. With an ongoing commitment to innovation, we are not only celebrating the success of our transformation but also embracing the future with open arms.

DCS Innov is set up with this dedicated focus, and by collaborating with more fintech players and opening the room for collective expertise and diverse perspectives, we aim to propel the payments agenda forward and redefine industry standards.”

said Karen Low, CEO of DCS Card Centre.