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.