Quick take:
- UPay will adopt Tencent Cloud communication solutions across its entire network, which includes a wallet app and a credit card.
- The company claims to have issued over 20,000 cards already, with over $30 million spent.
- UPay allows users to instantly spend their cryptocurrency at over 55 million supported merchants and ATMs globally.
UPay, a crypto payment card issuer, has adopted Tencent Cloud communications to enhance user experience across its payment network. According to the press release shared with NFTgators, the initiative seeks to redefine performance and trust standards in the fintech industry.
Commenting on the announcement, Owen Yang, CEO of UPay, said in a statement: “This initiative marks a milestone in our mission to elevate user experience in finance services to new heights. Tencent Cloud’s proven, enterprise-grade capabilities give us the technological strength to scale confidently, safeguard our users’ assets, and innovate at speed.”
UPay provides a variety of payment services to digital asset enthusiasts, enabling them to spend their crypto seamlessly across over 55 million merchants and ATMs globally. The company also offers a wallet app that allows users to deposit their cryptocurrencies, including BTC, ETH, and USDT.
There is also a white-label card issuing service designed for businesses, which allows them to launch branded cards.
UPay claims to have issued over 20,000 cards already, with over $30 million spent.
Dan Hu, Vice President of Tencent Cloud International for the Middle East, commented: “We are excited to support the vision of a more connected global financial ecosystem. The digital assets industry requires high standards of security, performance, and reliability. Our cloud solutions empower innovators to build trusted, scalable, and transformative payment services for the future.”
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