BigPay has recently announced that it would be working hand-in-hand with TripleA, a Singaporean-based crypto payment gateway, to introduce a new feature that would allow for users to initiate crypto top-up.
Users can now seamlessly convert their crypto assets into cash to spend using their BigPay debit cards, without having to go through the typically tedious verification process.
Salim Dhanani, CEO & Co-Founder of BigPay, disclosed that the company is all for a regulated financial system which takes the best of both crypto and traditional finance - to increase efficiency and value to the end-user. “We want to enable users to interact with digital assets in a safe and secure way, and facilitate overall interoperability”.”
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.
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.
Meanwhile, Eric Barbier, CEO of TripleA, shares that “TripleA is happy to work with BigPay to meet the demand for crypto top-ups. 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.”
As of now, this new feature is only available in Singapore, with a possibility of reaching the Malaysian market sometime soon.