Singapore-based digital payments firm dtcpay has received preliminary approval for an Electronic Money Institution (EMI) license in Luxembourg.
The approval marks a step forward in its European expansion, with Luxembourg set to become its continental headquarters and strategic gateway to the region.
Once fully licensed, dtcpay will be authorised to offer regulated payment services across the European Economic Area, including issuing electronic money, processing transactions, and enabling cross-border transfers.
This builds on its operational track record in Singapore and a growing list of regulatory approvals in other jurisdictions.
The preliminary approval was issued by the Commission de Surveillance du Secteur Financier (CSSF) and the license remains subject to final confirmation.
The move aligns with dtcpay’s goal to serve as a regulated player in digital payments, with a focus on stablecoins and next-generation financial infrastructure.
Alice Liu, Group CEO of dtcpay, said,
“This achievement underscores our dedication to driving innovation while adhering to the highest regulatory standards, we aim to become the global real-time settlement infrastructure for both Web2 and Web3, driven by our rapid market expansion.
By establishing our European hub, we’re leveraging a forward-thinking financial ecosystem to deliver seamless and secure payment solutions, including stablecoin integration, that connect Web2 and Web3.”
Amanda Yeung, Luxembourg Country Manager and European Regional Manager of dtcpay, said,
“I’m honoured and excited to lead dtcpay’s efforts in this dynamic market.
This EMI license marks a pivotal step in our mission to transform global payments, and we’ll continue to explore further opportunities, including pursuing a CASP license under the EU’s MiCA framework, to strengthen our role in Europe’s evolving digital economy.”
Featured image: Band Zhao, Group Chairman of dtcpay and CEO of dtcpay Luxembourg, with Gilles Roth, Minister of Finance of Luxembourg
