DCS launches card for cash access on stablecoins

A stablecoin conversion card offers a bridge between crypto and cash.

- SINGAPORE

DCS Card Centre Pte. Ltd is embracing digital asset innovation as superapps, fintechs, and blockchain technology transform the payment landscape.

“The broader payment ecosystem is undergoing a rapid shift in standards, and that is very much propelled by the rise of digital banks and fintechs," Dayna Leng, chief marketing officer at DCS Card Centre, said in an interview with Asian Banking & Finance.

Leng noted that the shift isn't limited to traditional financial institutions.

“They're all coming up with super apps—proprietary wallets like ShopBack Pay, Shopee Pay, GrabPay, and BNPL (buy now, pay later) options even in nonfinance apps,” she told the magazine. “All of this is moving towards creating this new level of standard for financial institutions.”

DCS, formerly Diners Club Singapore, has expanded beyond issuing credit and charge cards to include broader payment solutions and, more recently, Web3 services.