SINGAPORE, Feb. 26, 2025 /PRNewswire/ — From February 18 to twenty, 2025, Consensus Hong Kong occurred on the Hong Kong Conference and Exhibition Centre, attracting international consideration from the Web3 and fintech communities in what many are calling the “12 months of PayFi” within the crypto {industry}. Throughout the occasion, Interlace, a number one fintech infrastructure supplier, took the stage on the extremely anticipated PayFi Summit 2025. Alongside outstanding {industry} innovators such because the Solana Basis, Huma Finance, and DePHY, Interlace provided insights into the evolving world of cross-border funds. The summit additional explored PayFi’s cutting-edge functions and make clear rising {industry} developments, market alternatives, and the brilliant prospects forward.
PayFi, quick for Cost Finance, is an modern expertise and utility mannequin that integrates fee techniques with monetary companies inside the blockchain and cryptocurrency area. Based on Lily Liu, Chair of the Solana Basis, PayFi leverages blockchain expertise to revolutionize fee techniques, enabling extra environment friendly, low-cost transactions whereas creating a brand new monetary expertise. Its objective is to develop extra complicated monetary merchandise and functions, 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 techniques 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 world scale.
Among the many companies provided 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 by way of APIs. Moreover, Interlace affords 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 resolution on the summit, which covers the whole course of from pockets administration to card issuance. Key features embrace multi-Bin card issuance, deposit handle era, cryptocurrency KYT (Know Your Transaction), cardholder KYC (supporting each API integration and hosted mode), and safe, compliant infrastructure. This ensures that the circulation of funds stays clear and controllable all through the whole 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.
When it comes to CaaS, Interlace affords multi-BIN configurations to assist shoppers’ international card issuance necessities. Its superior threat management and anti-fraud system allow real-time transaction monitoring, safeguarding the safety of funds. Interlace additionally gives a white-label API integration, permitting shoppers to customise card designs and enabling companies to quickly create distinctive model differentiation.
Michael additionally emphasised that stablecoins are enjoying 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 shoppers to realize a aggressive edge within the evolving integration of cryptocurrency with conventional fee techniques.
Based in 2019, Interlace has rapidly established itself as a frontrunner within the fintech area, incomes the very best safety certification within the worldwide card fee {industry}, PCI-DSS Degree 1. The corporate has additionally obtained licenses in key areas together with the US, and Lithuania. So far, Interlace has issued over 4.5 million playing cards and served 7,500 companies worldwide, processing over 60 million transactions yearly.
