DCS Card Centre & Visa Launch DeCard: Singapore's First Digital Asset Credit Card
DCS Card Centre, in collaboration with Visa, has launched the DeCard Visa card. This innovative micro credit card combines traditional finance with digital assets, catering to the growing demand in Singapore where 26% of residents now own digital assets.
The DeCard Visa card offers users a range of benefits. It has no annual fees and caps ATM withdrawal fees at SGD5 or 1%, whichever is lower. It also provides competitive single conversion costs from digital assets to Singapore dollars (SGD), potentially saving users over 50% on FX transaction fees compared to typical industry rates.
The card allows users to fund their accounts with SGD and digital assets like USDT and USDC. This flexibility aligns with the increasing usage of digital assets for payments, with over half of digital asset owners in Singapore already using them for transactions and 67% planning to increase their usage.
Joan Han, Chief Commercial Officer at DCS Card Centre, has overseen the introduction of this card. It is available for download on the Apple Store and Google Play, following its launch on Thursday.
The DeCard Visa card caters to the evolving payment landscape in Singapore, where contactless credit, debit, and prepaid cards remain popular, and the prepaid segment is projected to exceed US$13 billion by 2028. With its competitive fees, flexible funding options, and digital asset integration, the card is set to appeal to a wide range of users.
