ipaymy and TripleA to transform expense payments with cryptocurrencies
By Leandra Monteiro
Singapore-based expense payment platform, ipaymy, has announced a new partnership with TripleA, a crypto payment gateway licensed by the Monetary Authority of Singapore (MAS).
The partnership will enable ipaymy’s customers in Singapore to pay their rent, invoices, taxes, and employee salaries with cryptocurrencies, even if their recipient doesn’t accept crypto. This represents a step forward in the adoption of cryptocurrency commercially.
“Our solution is a true industry-first in the global payments landscape, and it perfectly aligns with ipaymy’s core mission of empowering businesses and individuals with the freedom and flexibility to choose how to pay their expenses. This allows them to take full advantage of the unique benefits that come with various payment methods,” said Catherine Szulyk, COO of ipaymy. “Through our partnership with TripleA, we’re excited to provide a secure and simplified method for conducting end-to-end transactions between crypto and fiat currency, eliminating a key barrier for the growing population that wants to transact in digital currencies.”
With TripleA’s white-label crypto solution, ipaymy provides a streamlined end-to-end payment experience, in which a user funds payment through any crypto wallet and the recipient receives the payment directly into their bank account in fiat currency. This is how businesses and individuals can pay their largest expenses with popular cryptocurrencies such as Bitcoin, Ethereum and Tether.
By partnering with TripleA, ipaymy’s crypto payment solution provides users with a single, cost-effective and reliable transaction, with the funds always settled to the recipient the next business day. For each transaction, payment advice is provided to the user for ease of reconciliation and to substantiate sensitive payments such as employee salaries and corporate taxes. ipaymy launched their crypto payments with an introductory flat rate of only 0.80% per transaction, which can be over half the cost of leading alternative methods.
“We are excited to partner with ipaymy and offer their customers a new way to make everyday payments with cryptocurrencies,” said Eric Barbier, CEO of TripleA. “Our white-label crypto payment solution enables our partners to reap the benefits of accepting crypto payments, without managing crypto on their balance sheets. This makes it an ideal solution for businesses looking to offer cryptocurrency payments volatility-free.”
ipaymy plans to expand its cryptocurrency payment capabilities beyond Singapore and plans to introduce this payment solution in the other markets it currently operates in including Hong Kong, Australia, and Malaysia.
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May 30, 2023
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