SINGAPORE, Feb. 26, 2025 /PRNewswire/ — From February 18 to twenty, 2025, Consensus Hong Kong befell on the Hong Kong Conference and Exhibition Centre, attracting world consideration from the Web3 and fintech communities in what many are calling the “12 months of PayFi” within the crypto {industry}. Through 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 provided insights into the evolving world of cross-border funds. The summit additional explored PayFi’s cutting-edge purposes and make clear rising {industry} tendencies, market alternatives, and the brilliant prospects forward.
PayFi, brief for Cost Finance, is an modern expertise and utility mannequin that integrates cost methods with monetary providers inside the blockchain and cryptocurrency house. Based on Lily Liu, Chair of the Solana Basis, PayFi leverages blockchain expertise to revolutionize cost methods, enabling extra environment friendly, low-cost transactions whereas creating a brand new monetary expertise. Its objective is to develop extra advanced monetary merchandise and purposes, constructing an built-in worth chain that fosters the creation of a brand new monetary ecosystem.
Technological innovation in monetary providers 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 trendy 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 providers 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 presents important merchandise like world accounts, buying providers, 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 capabilities embody 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 move 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 presents multi-BIN configurations to assist shoppers’ world 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 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 cost methods.
Based in 2019, Interlace has rapidly established itself as a frontrunner within the fintech house, incomes the best safety certification within the worldwide card cost {industry}, PCI-DSS Stage 1. The corporate has additionally obtained licenses in key areas together with the USA, and Lithuania. To this point, Interlace has issued over 4.5 million playing cards and served 7,500 companies worldwide, processing over 60 million transactions yearly.
