BigPay jumps into crypto scene with new top-up feature

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BigPay has introduced crypto top-up as its latest feature. In partnership with licensed crypto payment gateway TripleA, BigPay users can convert their crypto assets into cash to spend using their BigPay debit cards, without having to go through the typically tedious verification process. TripleA is licenced by the Monetary Authority of Singapore (MAS) as a digital payment token provider.

The cryptocurrencies currently accepted for top-up are Bitcoin, Ethereum, USD Coin, and Tether, 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. According to BigPay, the 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. We want to enable users to interact with digital assets in a safe and secure way, and facilitate overall interoperability," Salim Dhanani, CEO & co-founder of BigPay said.

Meanwhile, Eric Barbier, CEO of TripleA, said the company is happy to work with BigPay to meet the demand for crypto top-ups. With the addition of this new payment method, Barbier said the company is also pleased to continue enabling accessible and transparent digital financial services for BigPay’s customers.

BigPay recently added three new services to its major payment institution issued by MAS for account issuance service, domestic money transfer, and e-money issuance service in Singapore. The app was launched in 2017 and has been pursuing its core vision of driving financial well-being and access. It currently has over three million users.

Separately, on the agency front, it appointed Lion & Lion to manage digital and social media marketing duties earlier this year. CMO Chris Manguera said previously that Lion & Lion stood out with its creative output and it was highly aligned with the bold direction BigPay is headed towards, which is to make fintech, "funtech".

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