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November 12, 2021

PayCEC launches cryptocurrency payment gateway and SEPA transfers acceptance

By Shalini mani

US-based payment gateway provider PayCEC is introducing cryptocurrency payment gateway as cryptocurrencies continues to gain popularity globally.

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  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
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The firm said that its payment gateway will be upgraded to accept cryptocurrency transactions, enabling merchants or providers to accept payments in different cryptocurrencies.

Additionally, PayCEC is launching Single Euro Payments Area (SEPA) transfer acceptance to enable faster funds transfers within the Eurozone.

The move is expected to enhance payment acquiring process for E-commerce and online businesses through access to digital banking transactions.

PayCEC is launching the new features in partnership with DNBC Financial Group, a financial institution with presence in countries including Lithuania, Hong Kong, Singapore, and the US.

According to the firm, its payment gateway facilitates instant crypto to fiat conversion for its clients.

They will also be able to exchange cryptocurrencies, with the ‘lowest market rate and no volatility risk’.

Commenting on the development, PayCEC CEO Le Hung Anh – Jimmy Lee said: “PayCEC accepts Cryptocurrency Transactions and SEPA Bank Transfers as parts of our larger goal of globalisation.

“We want to create a diverse and convenient payment environment. That is why we are here to assist our merchants who want to expand beyond domestic e-commerce markets. We believe that providing more payment options is one way to achieve a win-win situation for both parties.”

Crypto moves by other payment firms

Last month, ACI Worldwide partnered with blockchain-based checkout solution provider RocketFuel to introduce cryptocurrency payment acceptance for merchants globally.

The same month, US payment giant Mastercard teamed up with digital asset marketplace Bakkt to expand access to cryptocurrency solutions and services for US-based merchants, banks and fintechs.

In September, BitPay expanded its blockchain payment technology to facilitate cryptocurrency payments on Verifone’s in-store and eCommerce Cloud Services platforms in the US.

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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