PayCEC adds Cryptocurrency Payment Gateway in Canada

Rick Steves

The gateway provides instant cryptocurrency-to-fiat conversion and PayCEC claims it has the fastest and safest way to exchange cryptocurrencies, with the lowest market rate and no volatility risk.

PAYCEC PAYMENTS CANADA INC. has announced the addition of two new payment features: Cryptocurrency Payment Gateway and SEPA Transfers Acceptance.

The Canada-headquartered firm is registered for the Money Services Business (MSB) with FINTRAC (Financial Transactions and Reports Analysis Centre of Canada).

The new features are the outcome of a strong partnership between PayCEC and DNBC Financial Group, a global financial institution with worldwide branch networks, including Europe branches in Lithuania, Hong Kong, Singapore, and the United States, among other places.

PayCEC’s Payment Gateway will be upgraded to accept Cryptocurrency Transactions and enable faster funds transfers within the Eurozone (SEPA).

The Cryptocurrency Payment Gateway is a gateway that accepts cryptocurrency transactions and allows customers and online stores all over the world to connect without any barriers.

EPA Transfers Acceptancee unifies the payment acquiring process for E-commerce companies and online businesses by providing seamless and secure digital banking transactions.

The payment gateway can be leveraged for firms looking to broadening their customer base by offering more payment options.

The gateway provides instant cryptocurrency-to-fiat conversion and PayCEC claims it has the fastest and safest way to exchange cryptocurrencies, with the lowest market rate and no volatility risk.

Global transactions tend to be faster this way, more than with traditional bank transfer payments and can be cheaper, with lower transaction fees.

As to the SEPA Bank Transfer, with the introduction of this feature, there will be varied benefits for merchants:
● Cross-border euro payments will be possible for all economic actors (Buyers and Sellers).
● Merchants simplify their payment system by increasing e-invoicing and improving fintech-related factors.
● Bank account centralization benefits businesses by simplifying payment management and resulting in funds.
● Payments to other countries in the SEPA zone will be simpler.
● Receiving payments directly from customers, without the use of an intermediary.
● Reduced transaction costs.

“We anticipate that in the next two years, our client acquisition will reach the annual number of 1.000 global merchants registered and that this figure will be scaled up in the future”, said the firm.

Le Hung Anh – Jimmy Lee, Chief Executive Officer of PayCEC, said: “PayCEC accepts Cryptocurrency Transactions and SEPA Bank Transfers as parts of our larger goal of globalization. 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”.

Read this next

Industry News

The B2Broker B2Core REST API Is Now Live

B2Broker has announced the release of its new REST API, which lets customers use B2Broker’s solutions and services for business purposes.

Executive Moves

CME Group taps Paul Woolman to lead Equity Index, Giovanni Vicioso to lead Crypto

“Our equity and cryptocurrency businesses have experienced tremendous growth in recent years, underpinned by strong customer adoption and continued innovation.”

Technology

Sumsub launches document-free KYC for users in India, Brazil, Nigeria and Indonesia

Sumsub has launched one click-KYC for users in India, Brazil, Nigeria and Indonesia in a move that allows businesses to instantly onboard over 2 billion users without requesting their ID documents.

Digital Assets

Cboe becomes first major global exchange operator on DeFi data platform, Pyth Network

“Our participation in the Pyth network will provide another avenue to broaden customer access to our data, and aligns with our strategy to deliver market data to investors around the globe based on how they want to consume their data, whether through direct connectivity methods, the cloud or the blockchain.”

Industry News

FINRA fines Barclays Capital $2 million for best execution failures for 5 years

FINRA has fined Barclays Capital $2 million for failing to comply with its best execution obligations in connection with its customers’ electronic equity orders between January 2014 and February 2019. 

Digital Assets

SETL helps SWIFT, CSDs and custodians develop common framework for tokenisation systems

London-based enterprise DLT and blockchain company SETL has delivered a pilot project for SWIFT which implemented a common framework linking tokenisation systems between central security depositories (CSDs) and global custodians.

Digital Assets

Crypto volumes hit CHF 87.1 million at Switzerland exchange

Switzerland’s principal exchange has experienced a rebound in trading activities for September 2022, with monthly volumes increasing by more than 20 percent MoM.

Digital Assets

Bitcoin Suisse Vault taps Polkadot governance features

Bitcoin Suisse has added support for Polkadot protocol governance on its proprietary, hyper-secure cold storage solution, the Bitcoin Suisse Vault.

Retail FX

Finalto sweetens offering for African traders with localized FX pairs

Finalto, the financial trading division of Gopher Investments, announced today that it has extended its offering with inclusion of a number of African Pairs to its trading platforms.

<