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BigPay launches into the cryptocurrency space in partnership with TripleA

BigPay, a Malaysia-based FinTech firm, has partnered Singapore-based crypto payment firm TripleA, to launch its crypto top-up feature.

BigPay said in a statement on Thursday its users can seamlessly convert their crypto assets into cash to spend using their BigPay debit cards, without having to go through the typically tedious verification process.

According to the statement, the cryptocurrencies currently accepted for top up are Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), and Tether (USDT), with plans to expand the accepted currencies in the near future.

The latest feature comes as an addition to BigPay’s existing two top-up methods – credit and debit cards.

BigPay’s launch of the new feature will be a transparent conversion process that does not entail hidden fees for the user as is seen in many crypto to fiat transactions.

“We believe in a regulated financial system which takes the best of both crypto and traditional finance – to increase efficiency and value to the end-user ” said Salim Dhanani, Chief Executive Officer and Co-Founder of BigPay.

“We want to enable users to interact with digital assets in a safe and secure way, and facilitate overall interoperability,” he said.

Most recently, BigPay added 3 new services to its Major Payment Institution (MPI) License issued by the Monetary Authority of Singapore (MAS) for account issuance service, domestic money transfer, and e-money issuance service in Singapore.

Since its inception in 2017, driving financial wellbeing and access has been a core vision and mission of BigPay.

In addition to helping over 3 million users improve their financial health, the company seeks to expand its services and introduce more financial products throughout the Southeast Asian region.

“With over 300+ million crypto owners worldwide, TripleA is happy to work with BigPay to meet the demand for crypto top-ups,” said Eric Barbier, Chief Executive Officer of TripleA.

“With the addition of this new payment method, we are also pleased to continue enabling accessible and transparent digital financial services for BigPay’s customers,” he added.

BigPay is a Southeast Asian fintech company founded in 2017. The company is committed to democratizing financial literacy, accessibility, and wellbeing in the region by providing accessible, transparent, simple, and secure digital financial services.

From payments to international transfers, credit, micro-insurance, personal loans, and smart budgeting, the goal is to drive sustainable change for consumers and businesses across Southeast Asia.

TripleA is a licensed crypto payment gateway that helps businesses increase their revenue by enabling crypto payments and payouts, giving them access to the spending power of the fast-growing 300m+ cryptocurrency users.

The firm’s white label crypto payments solutions allow businesses from all industries to leverage the benefits of the growing crypto market without being exposed to volatility risk or having to handle or convert digital currencies.

Their solutions are compatible with all wallets, easy to integrate and offer instant confirmation, locked-in exchange rates and chargeback protection.

Licensed by the Monetary Authority of Singapore (MAS) and trusted by over 15,000 businesses, TripleA makes accepting crypto payments simple for businesses across the globe.

 

SOURCE : TechNode Global

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