SINGAPORE, Feb. 26, 2025 /PRNewswire/ — From February 18 to twenty, 2025, Consensus Hong Kong came about on the Hong Kong Conference and Exhibition Centre, attracting international consideration from the Web3 and fintech communities in what many are calling the “Yr of PayFi” within the crypto {industry}. In the course of the occasion, Interlace, a number one fintech infrastructure supplier, took the stage on the extremely anticipated PayFi Summit 2025. Alongside distinguished {industry} innovators such because the Solana Basis, Huma Finance, and DePHY, Interlace supplied insights into the evolving world of cross-border funds. The summit additional explored PayFi’s cutting-edge purposes and make clear rising {industry} traits, market alternatives, and the intense prospects forward.
PayFi, quick for Fee Finance, is an revolutionary know-how and software mannequin that integrates cost methods with monetary companies inside the blockchain and cryptocurrency area. In keeping with Lily Liu, Chair of the Solana Basis, PayFi leverages blockchain know-how to revolutionize cost methods, enabling extra environment friendly, low-cost transactions whereas creating a brand new monetary expertise. Its aim is to develop extra complicated monetary merchandise and purposes, constructing an built-in worth chain that fosters the creation of a brand new monetary ecosystem.
Technological innovation in monetary companies lies on the coronary heart of Interlace’s mission. As a frontrunner in card issuing infrastructure, Interlace delivers environment friendly, cost-effective, and multi-currency monetary options that seamlessly bridge Web3 and Web2, connecting fashionable monetary methods with rising markets. By serving as a key enabler of stablecoin utilization in cross-border funds, Interlace helps scalable, environment friendly monetary transactions on a worldwide scale.
Among the many companies supplied are Card as a Service (CaaS), Banking as a Service (BaaS), and Pockets as a Service (WaaS), all of which permit companies to effortlessly combine monetary capabilities into their present platforms through APIs. Moreover, Interlace provides important merchandise like international accounts, buying companies, and the issuance of each digital and bodily playing cards.
Michael Wu, CEO of Interlace, additional elaborated on the corporate’s complete “end-to-end” CaaS answer on the summit, which covers all the course of from pockets administration to card issuance. Key features embrace multi-Bin card issuance, deposit deal with era, cryptocurrency KYT (Know Your Transaction), cardholder KYC (supporting each API integration and hosted mode), and safe, compliant infrastructure. This ensures that the stream of funds stays clear and controllable all through all the course of. Moreover, Interlace helps on-chain transfers, multi-account fund allocation, and environment friendly operations like top-ups, transfers, and card issuance, addressing the wants of a variety of use circumstances.
By way of CaaS, Interlace provides multi-BIN configurations to help purchasers’ international card issuance necessities. Its superior danger management and anti-fraud system allow real-time transaction monitoring, safeguarding the safety of funds. Interlace additionally gives a white-label API integration, permitting purchasers to customise card designs and enabling companies to quickly create distinctive model differentiation.
Michael additionally emphasised that stablecoins are taking part in an more and more essential function in cross-border funds. Pushed by technological innovation, Interlace gives industry-leading options that ship the infrastructure for safe and environment friendly fund transfers, empowering establishments and purchasers to realize a aggressive edge within the evolving integration of cryptocurrency with conventional cost methods.
Based in 2019, Interlace has shortly established itself as a frontrunner within the fintech area, incomes the best safety certification within the worldwide card cost {industry}, PCI-DSS Degree 1. The corporate has additionally obtained licenses in key areas together with america, and Lithuania. Thus far, Interlace has issued over 4.5 million playing cards and served 7,500 companies worldwide, processing over 60 million transactions yearly.
