BigPay launches into the cryptocurrency space through its launch of crypto top-up feature, in partnership with TripleA
SINGAPORE, 3 Nov 2022 - BigPay, a Southeast Asian challenger bank has announced its latest feature - Crypto top-up. In partnership with TripleA, a licensed crypto payment gateway licensed by the Monetary Authority of Singapore (MAS) as a Digital Payment Token provider, BigPay users can seamlessly convert their crypto assets into cash to spend using their BigPay debit cards, without having to go through the typically tedious verification process.
The cryptocurrencies currently accepted for top up are Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), and Tether (USDT), with plans to expand the accepted currencies in the near future. The latest feature comes as an addition to BigPay’s existing two top-up methods – credit and debit cards. BigPay's launch of the new feature will be a transparent conversion process that does not entail hidden fees for the user as is seen in many crypto to fiat transactions.
“We believe in a regulated financial system which takes the best of both crypto and traditional finance - to increase efficiency and value to the end-user ” Salim Dhanani, CEO & Co-Founder of BigPay said. “We want to enable users to interact with digital assets in a safe and secure way, and facilitate overall interoperability”.”
“With over 300+ million crypto owners worldwide, 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.” Eric Barbier, CEO of TripleA shares.
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.
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.
For more information, visit the BigPay website at www.bigpayme.com.
BigPay news & updates
9 Dec 2021
MDEC Selects BigPay as Official E-Wallet Partner for eRezeki Programme
Digital bank aspirant BigPay announced that it is has been selected as the official e-wallet provider for the Geng #SayaDigital-eRezeki programme by Malaysia Digital Economy Corporation (MDEC).
3 Nov 2021
BigPay Partners with APE Malaysia to Support Reforestation and Wildlife Conservation in Borneo
BigPay, an ASEAN fintech company with proud Malaysian roots, partnered with Animal Projects & Environmental Education (APE Malaysia) to plant 1,000 trees in November to support reforestation and wildlife conservation in Borneo.
9 Aug 2021
Virtual Banking Fintech BigPay Acquires $100M from South Korean Conglomerate SK Group
Digital banking challenger BigPay, which is one of the fastest-growing Fintechs in the ASEAN region, recently revealed that it has acquired $100 million in funding from South Korea’s conglomerate SK Group.
9 Aug 2021
BigPay secures USD 100 million from SK Group
ASEAN-based Digital banking challenger BigPay has acquired USD 100 million in funding from South Korea-based SK Group, according to IBS Intelligence.
13 Jul 2021
BigPay Joins Global Coalition To Enhance Climate Efforts In Malaysia
BigPay has joined a new global partnership in efforts to enhance biodiversity and climate efforts in Malaysia with a pilot project to plan trees in Borneo in the second half of the year. The coalition brings together a global network of financial, e-commerce, digital, and consumer goods and services companies with experts in sustainability, and nature and biodiversity conservation.
30 Aug 2019
Tech: AirAsia's BigPay eyes big slice of Southeast Asia's online banking segment
AIRASIA’s financial services venture, BigPay, will soon increase its offerings to include loans and remittances in its maiden step towards becoming the region’s largest financial institution operating on a challenger bank model.
9 Dec 2021
BigPay An Official E-Wallet Provider For Program By MDEC
BigPay, an ASEAN fintech company, today said it has been selected as the official e-wallet provider for the Geng #SayaDigital-eRezeki program by Malaysia Digital Economy Corporation (MDEC), which will support the growth of the sharing economy market in Malaysia.
28 Sep 2020
BigPay gears up for regional expansion
BigPay is entering the Singapore market, after 2 years of rapid growth with over 1 million users in Malaysia. The fast-growing fintech is on an aggressive growth path and is getting ready to make its mobile money app and prepaid Visa card available to all Singapore residents in the coming weeks.