dtcpay, a Singapore-based digital payments firm, has received preliminary approval for an Electronic Money Institution (EMI) license in Luxembourg. This significant regulatory milestone paves the way for the company’s strategic expansion into the European market, with Luxembourg set to become its continental headquarters and a key gateway to the region.
The EMI license, once fully confirmed, will authorize dtcpay to offer a comprehensive suite of regulated payment services across the European Economic Area (EEA). These services include the issuance of electronic money, facilitation of payment transactions, and enabling seamless cross-border transfers. This builds upon dtcpay’s established operational track record in Singapore and its growing list of regulatory approvals in other jurisdictions.
The preliminary approval was issued by the Commission de Surveillance du Secteur Financier (CSSF), Luxembourg’s financial regulator. The license remains subject to final confirmation. This move aligns with dtcpay’s overarching goal to serve as a regulated player in digital payments, with a particular focus on stablecoins and next-generation financial infrastructure.
Alice Liu, Group CEO of dtcpay, stated, “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, added, “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.”
The selection of Luxembourg highlights the country’s status as a top-tier jurisdiction with high regulatory standards and a shared, forward-looking regulatory approach with Singapore. This strategic choice provides a strong foundation for dtcpay’s expansion into the European market, enabling it to reach approximately 450 million people across 30 countries in the EEA.
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