SBI Group joins $25m funding round for dtcpay

Digital payment provider dtcpay has secured $25 million in Series A funding, backed by Japan’s SBI Group. While the funding is focused on a Singapore-based platform, it signals a major shift in how retailers may soon handle consumer transactions globally. The platform specializes in stablecoin payments, allowing merchants to accept digital assets and receive settlements in traditional fiat currency like US dollars. For retailers, this technology represents a bridge between high-tech crypto assets and the reliable cash flow needed for daily operations. This investment highlights the growing institutional support for alternative payment rails that bypass traditional credit card networks. As these platforms mature, they offer merchants the potential for lower transaction fees and faster settlement times compared to legacy banking systems. The involvement of a major player like SBI Group suggests that crypto-based consumer payments are moving out of the niche hobbyist phase and into the mainstream commercial sector. Retailers should keep an eye on these developments as they could lead to new ways for customers to finance large purchases using digital asset holdings without the merchant taking on cryptocurrency price volatility.

Source: Finextra — Lending

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