Standard Chartered to Power DeCard in Singapore Through Partnership with DCS

Standard Chartered today announced a partnership with DCS (DCS Card Centre) as the principal banking partner for DeCard, a next-generation credit card enabling seamless stablecoin spending in the real world. 

Through this partnership, Standard Chartered will provide transaction banking and financial markets services to support DeCard’s growing user base in Singapore, covering cardholder top-up processing, account management, as well as fiat and stablecoin settlements. The Bank will also manage the treasury, liquidity, and FX hedging needs of the card through its Financial Markets capabilities.

This initial collaboration is rolled out in Singapore, with expansion in other key markets planned thereafter. The demand for regulated digital-asset payment solutions continues to grow and this partnership underscores the rising need for payment solutions that deliver speed, transparency, and cost efficiency, thus bridging the gap between traditional banking and digital assets. 

“This partnership is in line with our continued efforts to offer banking solutions for innovative Fintech partners and is central to our strategy of supporting clients in navigating the evolving digital assets space. Our investments in our platforms, capabilities and solutions allow us to be the trusted banking partner bridging TradFi to DeFi,” said Dhiraj Bajaj, Global Head of TB FI Sales at Standard Chartered. 

“We’re thrilled to partner with Standard Chartered, a globally recognised and trusted financial institution, to power the next chapter of DeCard’s growth,” said Joan Han, Chief Commercial Officer, DCS. “Their banking expertise and robust infrastructure enable us to bring secure, transparent, and efficient stablecoin payments to the mainstream, setting a new benchmark for how digital assets can be used responsibly in everyday life.” 

Standard Chartered’s virtual account and API connectivity will enable DCS to create virtual accounts for DeCard cardholders, allowing immediate identification and reconciliation of incoming payments across multiple channels. This creates greater visibility and ease of reconciliation, which are core requirements for an efficient collections solution that delivers a secure and seamless user experience.