HitPay, a Singapore-based payments platform, has announced a strategic partnership with Triple-A, a licensed crypto payment solutions provider, to bring stablecoin acceptance to small and medium-sized businesses (SMBs).

This Monetary Authority of Singapore (MAS)-regulated partnership enables HitPay’s network of over 20,000 merchants to accept stablecoin payments and receive settlements instantly in fiat currency, completely shielding them from digital currency volatility, the duo said in a statement on Tuesday.

This partnership combines HitPay’s strengths in merchant acquisition, checkout, and settlement with Triple-A’s licensed crypto payment rails and instant conversion technology.

The result is a simple, compliant solution for businesses to tap into the growing digital currency market without the associated risks.

Both companies are regulated by the MAS: HitPay as a Major Payment Institution (MPI) and Triple-A as an MPI offering digital payment token services, ensuring enterprise-grade compliance, security, and consumer protections.

“Our merchants are always looking for ways to reach new customers without adding operational risk,

“By partnering with Triple-A, we make stablecoin acceptance as simple as any other payment method. Merchants are settled in fiat, reconciled in HitPay, and supported by MAS-regulated providers on both ends,” said Aditya Haripurkar, Chief Executive Officer of HitPay.

The partnership arrives as demand for digital currency payments from both consumers and merchants reaches an all-time high.

This trend is particularly strong in Singapore, where a recent survey by Singapore Business Review revealed that six in 10 businesses plan to accept crypto payments within the next two years.

This merchant interest is fueled by growing consumer adoption, with Chainalysis reporting that local merchant services received nearly $1 billion in crypto during the second quarter of 2024.

Globally, blockchain transaction volumes are on track to surpass $27 trillion in 2025, signaling a major shift in global commerce.

HitPay and Triple-A open the door for merchants to reach crypto-native and cross-border shoppers without the risk of volatility, and backed by a fully regulated payments ecosystem.

With HitPay’s network of 15,000 businesses, stablecoin acceptance can be switched on in minutes across e-commerce and in-store checkouts.

Customers pay in stablecoins, Triple-A locks the rate and converts instantly to fiat (eliminating any digital currency volatility), and HitPay settles and reconciles as seamlessly as any other payment.

With this partnership, HitPay and Triple-A are bringing the future of payments into the present: simple, compliant, and free from the headaches of handling digital assets.

“We’re excited to partner with HitPay to help businesses unlock the benefits of stablecoin payments,

“Together, we enable businesses to reach crypto-native consumers while removing volatility and keeping compliance straightforward,” said Eric Barbier, Chief Executive Officer of Triple-A.

HitPay partners Ingenico to launch payment solution to drive digital adoption for Filipino SMEs