Updated: Jun 22, 2021
The Asian payments giant will now provide digital currency payments to their pool of exceptional clients
BRAGA 19th January 2021 — OCTO3, based in Hong Kong, is one of the market leaders for payment solutions in the Asian market. By working with advanced technologies and adapting to all security and regulatory environments, OCTO3 specialises in creating highly sophisticated payments solutions that allow clients to materialise their business plans and go to market strategies as quickly as possible.
The digital payments market in Asia is growing at a tremendous pace. Total transaction value is projected to stand at USD 3.717.507 million in 2021, with growth projected to reach 10.5% per year until 2025. OCTO3 is particularly well positioned to explore this growth due to the massive influence of China, that represents USD 2,915,347 million.
OCTO3 already works with major card schemes, alternative payment methods, regional wallets, clearing houses, third party payment processors, payment service providers and large size merchants. Now their current and future customers will be able to enjoy the safety and speed of digital currency payments with Utrust.
BTC, ETH, DASH and USDT are only some of the tokens that Utrust supports and that will now be part of OCTO3’s offering. This will open the doors of this market to the 100 million global users of digital currencies and will boost Asian digital commerce, which is already the largest part of digital transactions, standing at an annual USD 2,237,110 million.
For Utrust, this represents a much awaited expansion into the Asian market, with an ideal partner that already has an impressive portfolio of customers and already employs a comprehensive range of Banking and Financial Infrastructure related products.
Sanja Kon, Utrust CEO, had some words for the occasion: “Utrust is borderless. One of the truly wonderful things about digital currencies is that we truly can be anywhere and pay everywhere. We’ve been meaning to enter Asian markets for a long time, and to do it with such a strong and competitive partner is a fantastic first start.”
Ajmal Samuel (施杰浩), OCTO3 CEO, also commented: “OCTO3 is all about advanced technology and harnessing its power to make our customers’ businesses stronger. Providing them with the full power of digital currencies was something we always wanted, and we’re glad we have finally found the perfect partnership.”
Utrust CEO Sanja Kon and OCTO3 CEO Ajmal Samuel (施杰浩) are both available for interviews or further comments
Utrust is the leading cryptocurrency payment solution designed to modernize the finance and payments industry and solve the problems of traditional payment methods by offering instant transactions, buyer protection and immediate crypto-to-cash settlements for the merchant. The Utrust platform went live in 2019 when football club S.L. Benfica came on board as the first merchant and the first major European football club to accept cryptocurrency. Utrust has since added Alternative Airlines, Luis Onofre and hundreds of other major e-commerce stores to its growing list of merchants.
OCTO3 Group Holdings Limited is a Financial Technology group specializing in the development and provision of modern payment and other transactional solutions and services.
By combining advanced technologies with the latest security and regulatory requirements, OCTO3 is the right solution provider to deploy your business strategy in the shortest possible time. OCTO3 employs a comprehensive range of Banking and Financial Infrastructure related products.
OCTO3 provides a diverse range of solutions to businesses in the financial technology industry. With experience in building and maintaining varied technologies, from e-commerce processing to tokenisation and blockchain solutions, we can provide tried and tested technology solutions or assist with designing and deploying customised fintech solutions.
Utrust Head of Marketing & Growth
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