AsiaPay, a digital payment service provider and technology vendor in Asia Pacific, announces a new partnership with TripleA, a MAS-licensed cryptocurrency payment gateway service provider in Singapore, to enable merchants to accept crypto payment. Through this partnership, AsiaPay’s merchants can now enable the acceptance of cryptocurrencies through the single integrated payment interface at checkout, on top of other existing prevailing payment methods such as card, internet banking, e-wallets, BNPL, and more in 11 Asia Pacific countries.
Merchants will also have access to ease of reporting and reconciliation using the same backend payment administration across host of payment methods and markets. Currently, the fund settlement will be in fiat money to bank accounts but will soon be in crypto currencies to crypto wallets. AsiaPay is exploring different possibilities through cryptocurrencies to give merchants a better and flexible way in how payment is accepted. Merchants and businesses will have more flexibilities to collect payments via prevailing crypto, such as USDT and BTC, etc.