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BC Card Collaborates with Crypto.com and Visa to Expand Global Digital Payment

2022. 03. 07

BC Card Collaborates with Crypto.com and Visa to Expand Global Digital Payment


- Active collaboration to provide innovative digital financial experiences to customers.
- Cooperation to launch a Private Labelled Credit Card (PLCC) and strengthen customer benefits
- Start research together to expand new digital customer experience in the future


BC Card is expanding its global digital financial partnership. This is to discover new business opportunities while providing innovative digital financial experiences to customers.


BC Card (CEO Choi Won-seok) announced on the March 7 that it signed a memorandum of understanding (MOU) with Crypto.com and Visa at the Crypto.com's HQ office in Singapore on March 4 (local time).


BC Card CEO Choi Won-seok, Crypto.com CFO Rafael Melo, Crypto.com Korea President Patrick Yoon, and Visa Korea Vice President Kang Dong-soon attended the ceremony.


Founded in 2016, Crypto.com operates the fastest-growing worldwide cryptocurrency platform with 10 million users.


BC Card is South Korea's biggest payment platform company with 41 clients, 36 million cardholders, 3.2 million member stores, and a largest global payment network.


Visa is a global digital payment leader and handles payment transactions between consumers, merchants, financial institutions and government agencies in more than 200 countries around the world through stable and secure payment networks.


The core of this business agreement is to expand cooperation between the three companies, BC Card, Crypto.com, and Visa.


It plans to combine BC Card and Visa's payment processing and digital platform capabilities and actively collaborate with Crypto.com to provide customers with an innovative digital financial experience.


The three companies also plan to cooperate in joint research on new services to launch Crypto.com's Private Labelled Credit Card (PLCC) and strengthen customer benefits.


BC Card CEO Choi Won-seok said, "BC Card is expanding its business in Indonesia and Vietnam based on its 40 years of payment business," adding, "Through this connection with global digital platform, we will be able to provide new blockchain-based experiences and beneficial benefits to customers and merchants."


Patrick Yoon, President of Crypto.com Korea, said, "We would like to introduce Web 3.0 blockchain solutions to South Korean companies and consumers through collaboration with BC Card and Visa. We will work closely with strategic partners to provide innovative digital finance and payment experiences to consumers and merchants."


"The three-way agreement with BC Card, Crypto.com, and Visa is an opportunity to showcase a more innovative digital financial experience to customers", said Kang Dong-soon, vice president of Visa Korea. "Visa is striving to commercialize digital payment technology and will do its best to drive fund movement in all available networks around the world."