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Singapore-based dtcpay has partnered with global payments infrastructure provider, Primer, to enhance fiat and stablecoins transaction capabilities in Southeast Asia.
The collaboration aims to streamline payment processes by leveraging Primer's infrastructure and dtcpay's wide range of payment options for users converting fiat to stablecoins. These options include credit and debit cards, as well as digital wallets like Apple Pay and Google Pay.
Additionally, the partnership enables dtcpay to extend its capabilities to merchants, facilitating both fiat and stablecoin payments through its online checkout solutions.
“Our partnership is making stablecoin payments more accessible while providing merchants and consumers greater flexibility and choice about how they accept and make payments," explained Kailash Madan, head of global sales at Primer.
"As part of the partnership, we will also be making dtcpay available on the Primer platform as a payment method, to enable our merchants to collect payments through Stablecoins.”
This development is particularly significant for dtcpay’s key segments in luxury retail and hospitality, such as the Capella Hotel Group, where high-net-worth individuals increasingly prefer seamless stablecoin payment options.
The partnership also bolsters dtcpay's expansion plans into new markets like Europe, the Middle East, and the United States by capitalizing on Primer's network of global payment services.
“This partnership with Primer allows dtcpay to enhance our offerings for our customers in our key segments across luxury and hospitality, allowing us to better facilitate seamless and secure transactions for merchants, whose customers increasingly seek to pay through their preferred stablecoins,” stated Alice Liu, CEO and co-founder of dtcpay.
“Primer provides us with the global reach, advanced payment capabilities, and local market expertise needed to support our business in Southeast Asia and drive our expansion into new markets. We are confident that this partnership will enhance our position as one of the leading platforms for users transacting across fiat and stablecoins," Liu said.
Blockhead
In December, dtcpay announced plans to focus exclusively on stablecoins. The firm phased out support for cryptocurrencies including Bitcoin and Ethereum at the end of 2024, only supporting stablecoins for all of its digital payment services
Its decision reflects its emphasis on minimizing the volatility associated with cryptocurrencies.
