Pomelo Pay adds crypto payments capabilities from TripleA
According to a June survey conducted by Deloitte, nearly 75% of retailers plan to accept either cryptocurrency or stablecoin payments within the next two years.
Pomelo Pay has partnered with cryptocurrency payments services provider TripleA in order to add crypto capabilities to its B2B platform.
Financial institutions, merchant acquirers, payment service providers and other fintechs will be able to tap Pomelo Pay to offer cryptocurrency payments and pay-outs to its clients.
Pomelo Pay is a unified white label solution for international payments solutions and it has now expanded its offering, opening up more businesses to accept cryptocurrencies directly through secure QR codes and user-friendly payment link technology.
TripleA offers a white-label crypto payment gateway
TripleA, which powers Pomelo Pay’s newly added crypto capabilities, is a white-label crypto payment gateway licensed by Singapore’s central bank.
The solution offers instant confirmation, locked-in exchange rates, and real-time fiat conversions so that businesses get to pay and get paid in crypto without the hassle of holding or converting digital currencies. The firm also shields businesses from the risk of fraudulent transactions with no chargebacks.
Vincent Choi, Chief Executive Officer of Pomelo Pay, commented: “We are excited to be joining forces with TripleA to enable cryptocurrency as a direct form of payment. TripleA is a reliable and regulated crypto payment solutions provider entrusted by users and merchants, so it is the perfect partner for us. With the growing demand for crypto as a form of payment, this is an exciting next stage in our mission to help businesses innovate payments acceptance and give consumers the choice to pay the way they want to”.
Eric Barbier, CEO of TripleA, added: “TripleA is thrilled to partner with Pomelo Pay to allow businesses to accept cryptocurrency payments. With our partnership, businesses get to tap into the spending power of more than 300 million crypto owners globally, without bearing any price volatility risk.”
According to a June survey conducted by Deloitte, nearly 75% of retailers plan to accept either cryptocurrency or stablecoin payments within the next two years.
