Dtcpay, a Singapore-based digital payments solutions provider, has announced its strategic collaboration with Mastercard Move to offer users seamless global money transfers.

Dtcpay said in a statement on last Thursday that by tapping into Mastercard’s global money movement capabilities, dtcpay users will enjoy enhanced speed, security , and transparency for their cross-border transactions.

From June, dtcpay users will be able to access more than 49 corridors for payments originating from Singapore.

Payout locations include the Chinese mainland, the Emirates, Indonesia, Malaysia, the Philippines, Switzerland, Thailand, Vietnam, and select markets across the European Union.

Through this integration, dtcpay will provide cost-effective and transparent money transfer services to a wide range of recipients, ensuring they get more value in every international payment.

As part of the collaboration, dtcpay users can now enjoy fast processing times, with 60 percent of payments typically received within 1 hour and 95 percent within 24 hours.

The collaboration addresses the diverse needs of various user segments with tailored solutions.

For instance, it is helping businesses stay competitive globally.

For businesses paying overseas vendors or employees, dtcpay’s solution enables quick and cost-effective global payments.

While traditional international wire transfers can take up to 5 days, this solution cuts payment times significantly, helping companies keep their cash flow healthy and their operations running smoothly.

Whether paying vendors in distant market or leveraging the gig economy, businesses can rely on dtcpay to make international payments efficient and hassle-free.

The collaboration also helps catering to financial institutions with a robust API infrastructure
financial institutions (FI), such as licensed brokerages, require secure and reliable APIs to handle their international transactions.

Dtcpay provides a high-quality API infrastructure that simplifies cross-border payments for institutions with complex financial needs. This partnership allows FIs to streamline their operations and offer superior services to their clients, enhancing their overall efficiency.

The partnership also empowers frequent flyers with choice and convenience.

For frequent flyers with a busy schedule, the ability to send and receive payments quickly and easily is essential.

Dtcpay’s one-stop payment solution allows individuals to manage their global finances without the need for high transaction volumes or complex processes.

With transparent fees and rapid transfers, payments are a breeze, no matter where they are in the world.

This collaboration is a key step forward in dtcpay’s mission to foster the widespread adoption of digital payments.

By offering fast transaction times, greater transparency, and a seamless experience, dtcpay is providing users with a powerful solution for their cross-border financial needs.

The integration with Mastercard Move ensures that dtcpay users have access to some of the most reliable, secure, and cost-effective cross-border payment services available.

As the demand for faster, cheaper, and more predictable international payments grows, this collaboration empowers dtcpay to meet those needs.

With Mastercard Move’s trusted and scalable platform, users can also count on a secure and reliable experience throughout the entire payment process.

“At dtcpay, we are constantly pushing the boundaries of digital payments to ensure that our users enjoy the best-in-class experience,

“This collaboration with Mastercard Move is a significant milestone in achieving that goal,” said Alice Liu, Chief Executive Officer and Co-Founder of dtcpay.

“By enabling fast, transparent, and secure cross-border payments, we are not only improving the financial experience for our users but also empowering businesses, financial institutions, and individuals to thrive in an increasingly globalized world,” she added.

It is noted that Mastercard Move provides banks, non-bank financial institutions, direct disbursers, and their customers with a fast, secure money transfer solution, domestically and internationally.

The portfolio spans more than 200 countries and 150+ currencies, reaching nearly 10 billion endpoints and more than 95 percent of the world’s banked population.

The firm enables customers to enhance their money transfer offerings and maximize revenue by giving end users transparency and choice; specifically by enabling trackable payments, visibility of fees, estimated delivery times, and the option to receive payouts to bank accounts, digital and mobile wallets, cards, and cash.

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