Singapore’s DCS Innov, a subsidiary of DCS Fintech Holdings, has announced its acquisition of the wallet-as-a-service (WaaS) platform HolyWally. This strategic move signifies a major step in DCS Innov’s global expansion, particularly into the US and European markets.
- Global Expansion: The acquisition supports DCS Innov’s goal to extend its global footprint, making its wallet app, InstaWally, available across the US, UK, Europe, and Japan.
- Enhanced WaaS Solution: InstaWally will leverage HolyWally’s existing global clientele to enhance its payment services, providing a unified user experience across multiple regions through a single app.
- Feature-Rich App: InstaWally will include core payment services, virtual bank accounts, Web3 payments, and additional features like remittance, in-app QR payments, and live chat.
- Leadership Changes: Veljko Vasic, Co-Founder and CEO of HolyWally, will join DCS Innov as Chief Commercial Officer, bringing HolyWally’s core development team along.
- Future Outlook: DCS Innov aims to leverage this acquisition to strengthen its position as a global provider of WaaS and cards-as-a-service, furthering its expansion beyond Singapore.
DCS Innov’s latest move propels it into new markets, promising innovative payment experiences worldwide.
