Enabling Mindful Spending: DeCard by DCS and Visa Offers Secure, Frictionless, Real-World Utility — Micro Credit Card Fueled by Fiat or Digital Assets
DCS and Visa launch DeCard Visa card — a micro credit card that supports both fiat and digital asset top-ups.
From left: George Jiang, Chief Product Officer, DCS; Dr. Cyrus Tong, Chief Compliance Officer, DCS; Lionel Lee, MD, Consumer Cards, DCS; Nischint Sanghavi, Head of Digital Currencies, Visa Asia Pacific; Adeline Kim, Visa Country Manager, Singapore & Brunei; Cheng Haoran, Chief Operating Officer, DCS; Elsa Qiu, Chief Commercial Officer, DCS; Dayna Leng, Chief Marketing Officer, DCS; Kerri Teo, Visa, Head of Sellers & Fintechs, Singapore & Brunei.
Top-up via SGD transfers or select digital assets (via licensed partners)
High flexible spending and top-up limit
Competitive single conversion cost from digital assets to SGD, eliminating additional FX fees for local spending
Over 50% savings on FX transaction fees compared to typical industry rates*
No annual fees
ATM withdrawal fee capped at SGD5 or 1% (whichever is lower)
Cash withdrawals are available at ATMs worldwide (except Singapore)
Compatible with Google Pay and Apple Pay
Issued by DCS, a MAS-regulated financial institution under the Banking Act
SINGAPORE - Media OutReach Newswire - 15 May 2025 - DCS Card Centre , a leading transformative financial institution that pioneered cashless payments as Diners Club Singapore, and Visa (NYSE: V), a global leader in digital payments, have jointly launched DeCard Visa card — a regulated micro credit card with a flexible and high limit, allowing users to top up via fiat or, alternatively, with digital assets. Designed to empower individuals to spend only what they already own, without taking on unnecessary financial risk, DeCard Visa card is a next-generation card that delivers flexibility, control, and transparency across both traditional and digital funding sources, all within a seamless and secure experience.In 2024, 26% of Singapore residents owned digital assets — up from 24.4% the year before — with over half having used them for payments and 67% planning to increase usage . At the same time, contactless credit, debit, and prepaid cards remain the most preferred payment method among Singaporeans at 34% , with the prepaid segment projected to reach over US$13 billion by 2028 — reflecting a strong consumer shift toward accessible, controlled spending options.DeCard addresses both trends by offering a spend-what-you-have-model that helps users unlock their fiat or digital assets for everyday use without the burden of overspending. It provides an accessible and frictionless way for users to tap into existing value — without promoting new digital asset adoption.Unlike traditional credit or debit cards, DeCard Visa card operates on a top-up model, where users fund the card through SGD transfers, with the option of using digital assets for those already active in the Web3 community.DeCard Visa card allows these Web3 users to seamlessly convert USDT and USDC into fiat currency for local and global spending through MAS-licensed Digital Payment Token (DPT) service providers. These partners handle all token-to-fiat conversions in full alignment with Singapore's Payment Services Act for digital assets. Leveraging on Visa's extensive merchant network, DeCard holders can spend digital assets at over 150 million merchant locations worldwide. The process ensures secure, transparent transactions while adhering to local licensing standards and the MAS' guidelines on responsible innovation, operating within Singapore's financial framework.With over 50 years of banking heritage, DCS is a MAS-regulated card issuer under the Banking Act and the pioneer of cashless payments in Singapore as Diners Club Singapore. DCS adheres to stringent banking standards and ensures bank-grade security, applying the same regulatory-first commitment when bridging Web2 and Web3 ecosystems — prioritising governance while enabling evolving digital behavior. The DeCard Visa card is part of DCS's broader strategy to drive secure, transparent efficiency and real-world digital utility for both traditional and Web3-aligned users."At DCS, we believe users should have more clarity and control over their spending — not less," said"By enabling top-ups through fiat or digital assets, we're allowing both mainstream and Web3-savvy users to manage their money on their own terms — all within Singapore's trusted regulatory framework. Our partnership with Visa strengthens this commitment by combining global acceptance with secure, compliant innovation.""We are proud to partner with DCS to launch a credit card in Singapore, that bridges traditional finance with digital assets. This innovation enables consumers to convert their stablecoins to fiat for their transactions, allowing seamless payments at any Visa-accepting merchant worldwide. This card programme represents a significant step towards an integrated financial ecosystem where stablecoins can be used for everyday commerce, giving consumers more options in how they access and use their digital assets, while maintaining the security and convenience that Visa can provide," saidThe DeCard Visa card is foundational to reshaping and modernizing the incumbent payments landscape, starting with Singapore and a vision to scale internationally. Through this card product, DCS is committed to providing secure, flexible, and future-ready payment solutions, paving the way to bridge traditional finance and digital assets with everyday spending globally.For more information about DeCard, visit: https://thedecard.com/dcscc/en Hashtag: #DCS #decard #web3 #digitalasset #defi #tradfi #web2 #digitallifestyle #digitalpayments #crypto #fiat
The issuer is solely responsible for the content of this announcement.
DCS Card Centre
DCS Card Centre, a subsidiary of DCS Fintech Holdings, is a leading transformative financial institution, rapidly advancing its fintech capabilities. We envision a world where users everywhere can easily and confidently access funds and assets to meet their daily needs and life moments, while embracing a responsible digital lifestyle. Our mission is to reinvent the global financial infrastructure, making payments inclusive and ubiquitous for everyone.
With over 50 years of banking heritage, DCS is a MAS-regulated card issuer operating under the Banking Act and the pioneer of cashless payments in Singapore as Diners Club Singapore. Building on a regulatory-first foundation, we are setting new standards in digital commerce, including bridging traditional (TradFi) and Web3 ecosystems. DCS is uniquely positioned to deliver innovative, secure, and trusted borderless digital payment solutions through a safe, compliant, scalable, and interconnected financial platform for consumers and businesses alike.
Learn more at www.dcscc.com
Visa
Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at www.visa.com.sg
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Malay Mail
6 hours ago
- Malay Mail
Fashion Goes Live: How Brands and Affiliates Win Consumer Trust Through Shopee Live
From Cautious to Confident Livestreams That Speak to Shoppers Get Ready With Shopee This 8.8 Shopee Live Fashion Week - END - KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 25 July 2025 - Buying fashion online has long come with a familiar challenge — a hint of hesitation, some second-guessing, and an overall sense of uncertainty before placing an order. Today's buyers aren't just looking for great deals; they want trusted reviews, value for money, and products that meet their expectations. Building that buyer confidence continues to be a non-negotiable part of the shopping up to the challenge are local brands and affiliates, bridging the gap between buyers and sellers through value-driven livestream content that clicks, connects, and converts. By extending their presence online, they're fostering trust, addressing consumer needs, and creating a shopping experience that feels personal and of scrolling endlessly or second-guessing purchases, more buyers are turning to livestreams for guidance and local Malaysian apparel brand, known for elegant wear with a traditional contemporary twist. 'Shoppers today are more cautious — they want to be sure of what they're buying, and that trust doesn't come easy online. That's why livestreaming has been such a game changer. It lets us connect directly with our customers, show how our pieces fit, and build trust through real-time interaction.'During Shopee's recent campaign,, invested additional time in livestreaming resulting in more than 400% increase in livestream sales. Beyond hosting their own livestreams, they also tap into Shopee's Affiliate network to amplify word-of-mouth discovery., a Shopee affiliate, shares his experience working with local fashion brands. 'As a fashion content creator, I love showing how stylish and versatile Muslimah wear can be. When I partner with fashion brands, we work closely to bring their collections to life on livestream. I take the time to understand their key pieces, fabrics, and what makes their designs special so I can present them and answer questions confidently. This kind of hands-on collaboration makes the livestream more engaging, informative, and not to mention, rewarding'Through this collaborative approach,was able to drive up to 6X more orders for local fashion brands during last month's sale. This demonstrates the potential that's possible when brands and affiliates work in synergy, combining their strengths to turn cautious buyers into confident done strategically, livestreaming can be a powerful conversion tool. To keep up, local sellers are doubling down on their livestream strategies to meet buyers where they fashion brand owneris a prime example. 'Understanding my audience is key. Most of my viewers are young Muslim women looking for styling tips. In my livestreams, I focus on showing fresh and versatile ways to wear my scarves. More importantly, they feel like they're getting full value out of the product. I also time my livestreams when my audience is most active on the app. Some people think going live is just about showing products, but having a proper strategy makes all the difference if you want real results!'During last month's sale,more than doubled their viewership and revenue with the majority coming from livestream, proving how powerful Shopee Live can be in enabling local fashion brand not just sellers making an impact, affiliates likeare bringing inspirations to life as well. 'People don't just want to see clothes, they want to see themselves in them,' he shared. 'When I promote modest fashion brands, I focus on building my followers' confidence by creating content that speaks to their everyday needs. My audience are usually concerned about how to dress modestly while staying cool in the hot weather. So, I focus my content on recommending breathable, modest pieces that offer comfort without compromising on style or coverage. People want their problems solved and now, I regularly strategise my livestreams this way!'Through this focus,was able to gain more than a thousand followers within 7 days and contribute an additional 50% in sales for local fashion brands last shows that with the right timing and approach, livestreaming can benefit everyone - buyers, brands, and affiliates. Ultimately, it boils down to knowing your audience and creating content that answers their shoppers become more intentional with how and where they spend, livestream commerce is quickly becoming the go-to way to discover fashion. Today's brands and affiliates are leveraging Shopee's comprehensive content ecosystem so buyers can shop 8.8, catchandthis Shopee Live Fashion Week happening from 1 to 11 August 2025. Buyers can look forward todeals, including daily 50% off Fashion Vouchers, Free Shipping with no minimum spend, and exclusive livestream-only vouchers. Join us this 8.8 and experience how Shopee makes shopping your favourite fashion brandsHashtag: #Shopee The issuer is solely responsible for the content of this announcement. Shopee Shopee is the leading e-commerce platform in Southeast Asia & Taiwan. Shopee promotes an inclusive and sustainable digital ecosystem by enabling businesses to digitalise and grow their online presence, helping more people access and benefit from digital services, and uplifting local communities. Shopee offers an easy, secure, and engaging experience that is enjoyed by millions of people daily. Shopee is also a key contributor to the region's digital economy with a firm commitment to helping homegrown brands and entrepreneurs succeed in e-commerce. Shopee is part of Sea Limited (NYSE: SE), a leading global consumer internet company. Sea's mission is to better the lives of consumers and small businesses with technology through its three core businesses: Shopee, Garena and Monee. For Media Enquiries Shopee Public Relations Team: [email protected]
The Star
6 hours ago
- The Star
Healthy outlook seen for healthcare industry
PETALING JAYA: Analysts are positive on the Malaysian healthcare sector, driven by its resilient long-term structural growth drivers, positioning it as a compelling defensive play amid ongoing macroeconomic uncertainty. Hong Leong Investment Bank (HLIB) Research has maintained its 'overweight' stance on the healthcare sector for 2025, with a clear preference for the hospital segment. 'Also, we see further upside from a domestic-focused thematic play from an initial public offering-led re-rating, driven by the anticipated listings of Sunway Healthcare Group, expected in late-2025 or early-2026,' it said. The research house has kept its 'buy' rating on IHH Healthcare Bhd , with a higher sum-of-parts-derived target price of RM9.15 from RM9.06. 'The marginal upward revision reflects the latest market capitalisations of its India-listed Fortis Healthcare and Singapore-listed Parkway Life Real Estate Investment Trust, which have seen slight valuation uplifts. HLIB Research has also upgraded KPJ Healthcare Bhd to a 'buy' from 'hold' with an unchanged target price of RM2.96, driven by the recent share price weakness that has improved its risk-reward profile. It has, however, maintained its 'hold' rating on UMediC Group Bhd , but lowered its target price to 31.5 sen from 40 sen. This is based on a reduced target price over an earnings multiple of 15 times applied to its 2026 earnings per share estimate of 2.1 sen. 'The downward adjustment in valuation multiple reflects waning investor interest, following three consecutive quarters of earnings underperformance, and a muted outlook in the fourth quarter of 2025. 'Until earnings visibility improves, we expect sentiment to remain subdued,' it explained. Meanwhile, MBSB Research, which has maintained a positive outlook on the healthcare sector, said the pharmaceutical market is fundamentally driven by robust demographic trends, which naturally increases the demand for healthcare services and medicines. 'The growing prevalence of non-communicable diseases such as cancer, diabetes and cardiovascular conditions, which require long-term medication and fuel sustained pharmaceutical consumption, is expected to continue to support all levels of the healthcare sector. 'Hence, we believe the growth in the pharmaceutical market will continue to grow in tandem with the expansion of investments in healthcare infrastructure (assets, accessibility and affordability),' it added. It pointed out that while direct pharmaceutical exports from Malaysia to the United States might face immediate headwinds from tariffs, the broader impact on the healthcare sub-sector could come from indirect effects on global pharmaceutical supply chains and procurement costs. 'This would affect the affordability and availability of medicines within Malaysia for all citizens and healthcare providers. 'The Malaysian government and industry players are already responding by prioritising supply chain diversification and exploring domestic production enhancements to mitigate these risks,' the research house said. It believes a multi-pronged approach involving government action, industry adaptation and consumer awareness will be crucial. HLIB Research, meanwhile, viewed the government's recent decision to implement the diagnosis-related group payment system, specifically for the upcoming 'basic health insurance and takaful products'. It said the targeted approach helps to improve accessibility for those priced out of existing insurance/takaful plans, while preserving the commercial viability of the private healthcare sector.
Barnama
6 hours ago
- Barnama
Gold Futures End Week Lower On Firm US Jobs Data, Upbeat Trade Sentiment
By Fatin Umairah Abdul Hamid KUALA LUMPUR, July 25 (Bernama) -- The gold futures contract on Bursa Malaysia Derivatives ends lower on Friday, weighed by strong United States (US) jobs data and improving risk sentiment surrounding trade, said an analyst. SPI Asset Management managing partner Stephen Innes said optimism is building around a potential US-European Union trade deal and a broader Asia-Pacific accord that could include Malaysia. 'The yellow metal is facing headwinds from a stronger dollar and a rotation into risk assets,' he told Bernama. At the close, the spot-month July 2025 contract slipped to US$3,350.0 per troy ounce from US$3,366.8 per troy ounce on Thursday, the August 2025 contract fell to US$3,367.4 per troy ounce from US$3,385.1, and the September 2025 contract dropped to US$3,373.3 per troy ounce from US$3,391.0. The October 2025, December 2025, and February 2026 contracts also settled lower at US$3,402.6 per troy ounce from US$3,420.3 previously. Trading volume inched up to 34 lots from 31 lots, while open interest decreased to 71 contracts from 74 yesterday. Physical gold was priced at US$3,365.85 per troy ounce based on the London Bullion Market Association's afternoon fix on July 24, 2025. -- BERNAMA
