Thursday, March 30, 2023
HomeFintechLuno’s Singapore Customers Can Now Purchase Crypto Utilizing Debit or Credit score...

Luno’s Singapore Customers Can Now Purchase Crypto Utilizing Debit or Credit score Playing cards

International cryptocurrency firm Luno introduced its partnership with funds supplier FIS for its Worldpay Service provider Options capabilities to reinforce fee choices on its app.

From right this moment onwards, Singapore prospects will be capable of buy cryptocurrencies immediately utilizing their credit score or debit playing cards with out depositing funds, offering an alternative choice to the present financial institution deposit and StraitsX fee choices.

With the Worldpay from FIS answer, customers will be capable of transact utilizing their playing cards and are topic to a flat 3.5% transaction charge that features card service provider and Luno’s processing charge.

All card transactions on the Luno app would require 3D Safe authentication through OTP for fee and buyer funds safety.

In April 2022, Luno Singapore was granted IPA from the MAS, below the Cost Providers Act (PSA) to offer digital fee token (DPT) providers in Singapore.

Luno then introduced the addition of a USDC Financial savings Pockets and two new cryptocurrencies, Chainlink and Uniswap, to its Singapore app in June 2022.

Sherry Goh

Sherry Goh

“The addition of FIS’ Worldpay Service provider Options to Luno’s prolonged vary of fee choices will supply shoppers one other quicker, simpler and a extra acquainted technique to get began with cryptocurrency.


That is in step with our mission to make cryptocurrency accessible to all in a protected and safe method, and places Luno on the forefront in opposition to rivals in Singapore with present card fee choices”,

stated Sherry Goh, International Growth Supervisor and Nation Supervisor for Singapore, Luno.

Nabil Manji

Nabil Manji

“Southeast Asia is a quickly rising area for cryptocurrency adoption and we’re excited to accomplice with Luno to make digital property extra accessible in the important thing markets of Singapore and Malaysia, together with powering native funds for Luno’s broader international enlargement plans,”

stated Nabil Manji, Head of Worldpay’s Crypto and Web3 staff at FIS.


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