TechFlow News, March 17: According to Financefeeds, Singapore-based digital payment company DTCpay has secured $10 million in funding. The proceeds will be used to expand its compliant cryptocurrency payment infrastructure across Asian markets.
DTCpay holds a Major Payment Institution (MPI) license issued by the Monetary Authority of Singapore (MAS). Its platform enables merchants to accept cryptocurrencies such as Bitcoin and Ethereum, and settle transactions in fiat currency via a near real-time conversion mechanism—thereby mitigating price volatility risk.
DTCpay stated that the funding will primarily support the following initiatives:
- Compliance capability building: Strengthening KYC (“Know Your Customer”) and anti-money laundering (AML) systems to meet multi-jurisdictional regulatory requirements for cross-border transactions;
- Product development: Optimizing merchant-facing payment interfaces and backend settlement systems to improve transaction processing speed and reduce costs;
- Regional expansion: Advancing business deployment in key Asian markets.
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