HitPay has partnered with Triple-A to enable more than 20,000 Singapore merchants to accept stablecoin payments with instant fiat settlements.
The initiative focuses on SMEs, offering a straightforward way to accept digital currency while staying protected from price volatility.
The partnership integrates HitPay’s merchant and settlement tools with Triple-A’s licensed conversion infrastructure, delivering a compliant and seamless payment experience.
Stablecoin transactions are rate-locked and instantly converted to fiat through Triple-A, while HitPay manages settlement and reconciliation.
Merchants can activate the feature within minutes across e-commerce and in-store checkouts.
HitPay is licensed by the Monetary Authority of Singapore (MAS) as a Major Payment Institution (MPI), while Triple-A holds an MPI license for digital payment token services.
“Our merchants are always looking for ways to reach new customers without adding operational risk. By partnering with Triple-A, we make stablecoin acceptance as simple as any other payment method.
Merchants are settled in fiat, reconciled in HitPay, and supported by MAS-regulated providers on both ends.”
said Aditya Haripurkar, CEO of HitPay.
“We’re excited to partner with HitPay to help businesses unlock the benefits of stablecoin payments.
Together, we enable businesses to reach crypto-native consumers while removing volatility and keeping compliance straightforward.”
said Eric Barbier, CEO of Triple-A.
Featured image: Edited by Fintech News Singapore, based on image by HobieArt via Freepik
