DCS Innov, a subsidiary of DCS Fintech Holdings, has announced the acquisition of HolyWally, one of the world’s first Wallet-as-a-Service (WaaS) platform providers. This move marks a significant milestone in DCS Innov’s expansion plans, particularly into the US and European markets.
Prior to the acquisition, DCS Innov aimed to deliver a WaaS solution which embeds core payment services offered by DCS Card Centre (DCSCC) including cards, virtual bank accounts and Web3 payments via DCS Tokens, all within a white-label mobile app that is available on both iOS and Android platforms.
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By GlobalDataThis solution enables fintechs and any non-finance-related company to launch a mobile app with payment and loyalty capabilities in just a matter of weeks, without the need to build any infrastructure or payment capabilities from scratch.
On top of the basic payment services, the wallet solution also embeds access to other add-on services that are integrated with strategic partners including remittance, in-app QR payments, live chat and more, which are continually enhanced to improve the overall user experience of the wallet app.
This wallet app solution by DCS Innov, “InstaWally”, is currently sales-ready and set to onboard its first client in the third quarter of 2024
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. Payments connect businesses and consumers across the world. With global travel and portability being increasingly ubiquitous for both work and leisure, we have a social responsibility to make payments seamless, secure and swift, and provide a user experience that is easy to navigate and consistent to use, regardless of where a business or individual is located.
“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.”
