English | 简体中文 | 繁體中文 | 한국어 | 日本語
Monday, 1 August 2022, 17:45 HKT/SGT
Share:
    

Source: Digital Treasures Center (DTC)
Digital Treasures Center Secures MPI Licence to Provide Digital Payment Token and Other Payment Services in Singapore

Singapore, Aug 1, 2022 - (ACN Newswire) - The Monetary Authority of Singapore (MAS) has granted Digital Treasures Center (DTC) the Major Payment Institution (MPI) licence. Securing the full licence means DTC has exited from the exemption status and is now a fully regulated provider (MAS licence number: PS20200531) of Digital Payment Token (DPT) and other payment services under the Payment Services Act (PSA).

Ms. Alice Liu, Chief Executive Officer and founder of DTC

"We are excited to obtain the full licence from MAS. With the full licensing, we will continue to build on the good work that the team is currently doing while looking to expand our footprint globally starting from our ASEAN neighbours," said Ms. Alice Liu, Chief Executive Officer and founder of DTC. "Our base in Singapore provides us with the unique competitive advantage in leverage the country's strong business infrastructure, strong government support, innovation ecosystem and strong regulatory framework to allow us to expand our company.

Effect 1 August 2022, DTC will be providing the following payment activities under the MPI licence:

  1. Account Issuance Service – open accounts for merchants and consumers to accept and pay e-money and non-card transactions.
  2. Merchant Acquisition Service – enable merchants to leverage DTC services to accept and process payment transactions online and offline.
  3. Domestic Money Transfer Service – provide local money transfer services in Singapore.
  4. Cross-border Money Transfer Service – provide cross-border money transfer services globally.
  5. E-money Issuance Service – issue e-money for merchants and consumers.
  6. Digital Payment Token Service – facilitate transactions with digital payment tokens.

"We are grateful for the support and trust that our clients and community have given us over the years. We are optimistic about the future of cryptocurrency as a use case for payment. Over the past few months, we are seeing an uptick of enquiries and onboarding from merchants and companies from healthcare to music, F&B and automobiles on enabling crypto payments," Liu said. "As crypto payment gains momentum, we are hopeful to see more merchants from various industries coming onboard to accept crypto as an additional form of payment."

About Digital Treasures Center

Digital Treasures Center Pte Ltd ("DTC") is an enterprise payment service provider incorporated in Singapore with PCI-DSS level 1 certification and winner of the prestigious Fintech Partner Award at Singapore Fintech Festival. Our payment solution – DTC Pay, offers clients and merchants the ability to receive and settle payment, including cryptocurrency. DTC Pay is compliant, fast, secure and cost efficient. DTC is dedicated to building the payment infrastructure that would allow merchants and consumers to interact with fiat and cryptocurrency seamlessly.

Find out more at www.dtcpayment.com

For media related queries, please contact:
Mr. Desmond Yong
Email: desmond.yong@dtcpayment.com
Mobile: +65 8889 7802



Topic: Press release summary
Source: Digital Treasures Center (DTC)

Sectors: Exchanges & Software, Cards & Payments, Daily Finance, Crypto, Exchange, Banking & Insurance, Local Biz, FinTech
https://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2022 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

 

Latest Press Releases
Neste, Idemitsu Kosan, CHIMEI and Mitsubishi Corporation join forces to create a renewable plastics supply chain  
Monday, October 3, 2022 4:11:00 PM
Global Web 3.0 Gaming Platform ITSBLOC's $ITSB to Be Listed on MEXC  
Oct 3, 2022 15:00 HKT/SGT
Korindo in its Transition to an Eco-Friendly Company  
Oct 3, 2022 13:00 HKT/SGT
JCB Launches Kiwami Experience Exclusive Program  
Oct 3, 2022 11:00 HKT/SGT
Rovanpera crowned youngest ever champion with TOYOTA GAZOO Racing  
Monday, October 3, 2022 10:15:00 AM
EC Healthcare Acquires Multi-Disciplinary Healthcare Services Chain in Hong Kong  
Oct 3, 2022 10:08 HKT/SGT
Hitachi Astemo develops Steer-by-Wire prototype with advanced steering and failsafe function  
Monday, October 3, 2022 8:30:00 AM
SEA Solar & Energy Storage Leaders to Gather in Thailand   
Oct 3, 2022 08:10 HKT/SGT
WFIS Paces to Unveil Indonesia's Most Advanced FSI Show  
Oct 3, 2022 08:00 HKT/SGT
Bio Farma secures Multi-year Purchase Contract from UNICEF for its novel Oral Polio Vaccine type 2 (nOPV2)  
Oct 2, 2022 19:00 HKT/SGT
More Press release >>
 Events:
More events >>
Copyright © 2022 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Cookies Policy | Privacy Policy | Disclaimer | Terms of Use | RSS
US: +1 214 890 4418 | China: +86 181 2376 3721 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575