DCS Innov Acquires HolyWally To Expand Global Presence In Wallet-as-a-Service

Republished By Plato

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DCS Innov, a subsidiary of DCS Fintech Holdings, has acquired HolyWally, a Wallet-as-a-Service (WaaS) platform provider.

This acquisition supports DCS Innov’s expansion into the US and European markets.

Before the acquisition, HolyWally selected to deliver a WaaS solution that integrates core payment services from DCS Card Centre, including cards, virtual bank accounts, and Web3 payments via DCS Tokens.

DCS Innov Acquires HolyWally to Expand Global Presence in Wallet-as-a-Service - Fintech Singapore PlatoBlockchain Data Intelligence. Vertical Search. Ai.

This white-label mobile app, named “InstaWally,” allows companies to quickly launch payment and loyalty features without building infrastructure from scratch.

InstaWally also offers additional services like remittance and QR payments through strategic partnerships. The app is expected to onboard its first client in Q3 2024.

With the acquisition, DCS Innov plans to expand InstaWally globally, leveraging HolyWally’s existing partnerships across various regions.

The solution aims to offer a consistent payment experience to users worldwide, simplifying integration efforts for clients across different geographies.

InstaWally is set to be sales-ready in the US, UK, Europe, and Japan by the end of the year, with partnerships already in place with Zenus Bank, Monavate, and FinMirai.

DCS Innov’s existing collaborations with global processors like EpisodeSix, Visa, and Mastercard further strengthen its global reach.

HolyWally’s Co-Founder and CEO, Veljko Vasic, will join DCS Innov as Chief Commercial Officer, along with HolyWally’s development team, to support the company’s growth.

DCS Innov shared that it aims to establish itself as a global provider of wallet-as-a-service and cards-as-a-service for fintechs and non-finance companies.

“We share DCS Innov’s vision of providing fintechs, brands and retailers with a comprehensive and adaptable platform that avails payment services to their end users.

By bringing the strengths of both teams under a single entity, we will be able to scale resources effectively to take our solution into global markets at speed,”

said Veljko Vasic, Co-Founder and CEO of HolyWally.

Ceridwen Choo, CEO of DCS Innov, said,

“The acquisition of HolyWally marks a significant leap forward for DCS Innov’s ambition to support fintech enablement globally. It is doubtless to expect payment services to be increasingly available and consumed within mobile apps;

I am therefore very confident that the combined expertise and assets of both entities will spur immediate growth and drive efficiencies in delivering payment solutions that are relevant, and quick to launch and scale for our clients. The acquisition is also just in time for us to incorporate a flavour of HolyWally into the launch of our WaaS solution, InstaWally.”