WadzPay, a leading blockchain-based payments platform from Singapore, is delighted to announce a strategic partnership with the enterprise-ready hybrid Blockchain technology company, XinFin.
In addition to supporting the increasing need for digital transactions, one of the advantages of payments in digital currency is the guarantee of lower fees, faster processing times, better data security and privacy as compared to conventional payment methods. WadzPay currently offers Issuance, Acceptance and Remittance products, and this partnership with XinFin will further enhance its offering with Trade Finance and Buy Now Pay Later (BNPL) like products and solutions.
The suite of products will be made available to merchants, wallets, aggregators, banks and other financial institutions across the world. The partnership will also leverage XinFin's Global Network and enable the use of XDC on the WadzPay platform along with 250 currencies which are already supported currently.
Anish Jain, managing director and CEO of WadzPay, stated:"XinFin is a great addition to our ecosystem; there is a macro shift that is happening in the market right now; our vision is to transform the payments space. For over 30 years, the world of payment remained unchanged, but with innovation and technology, we can improve the lives of everyone globally; this is a tactical raise and having the right people back us long term."
XinFin's hybrid blockchain protocol leverages the power of both public and private blockchain paradigms, addressing institutional concerns regarding data visibility requirements, which is of particular interest to WadzPay's customers.
Atul Khekade, co-founder of XinFin Network, said:"Blockchain technology is going to be the backbone for the financial world and XinFin as a core blockchain layer is happy to support all use cases to get more blockchain adoption into the financial world. B2B technology-driven digital payment solution platf...