CÉ LA VI PARTNERS WITH QFPAY TO LAUNCH WORLD’S FIRST HYBRID CRYPTO PAYMENT SYSTEM (14 Nov 2019)
Iconic lifestyle destination CÉ LA VI continues to innovate with their newly launched partnership with QFPay, the leading fiat currency digital payment technology in Asia. This partnership of integrating ground-breaking cryptocurrency payment system across the Restaurant, SkyBar and Club Lounge makes CÉ LA VI Singapore, the world’s first venue to accept crypto and fiat currency, and allows for a smooth, fast and diverse payment experience for guests.
CÉ LA VI’s CFO Penh Huynh says “We’re excited to be the first lifestyle entertainment outlet to accept cryptocurrency payment in Singapore by through collaboration with QFPay. Adoption of all e-payments is a step towards, not just the digital transformation, but also finance transformation. We have to be ahead of the mainstream to succeed in business, especially in a competitive food and beverage industry. We will implement the QFPay system in other CÉ LA VI outlets to accept digital wallets and cryptocurrency, where allowed.”
QFPay is a leading mobile payment technology, solution and service provider with presence across 13 markets in Asia and the Middle East. Since its incorporation in 2012, QFPay is empowering merchants with end-to-end online and offline QR-code mobile payment solutions and value-added services including food ordering services and customer loyalty programs. To date, QFPay’s solutions have served over 1.2 million merchants and executed over 1 billion transactions. These merchants consist of large, medium and small enterprises, ranging from luxury retail to restaurants and hotels.
In September 2019, QFPay partnered with global cryptocurrency payment pioneer Alchemy Global Payment Solutions Limited (Alchemy) and Singapore-based Arcadier, the world’s fastest-growing online marketplace builder, to launch Asia’s first hybrid crypto and fiat payment solution, called the Alchemy Hybrid Payment Solution.
With the integration of this system at CÉ LA VI, guests can easily pay for their night out with leading fiat digital wallets in Asia such as Alipay, WeChat Pay, Rabbit LinePay and over 30 popular cryptocurrencies including Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Gemini Dollar and Tether. In addition, payments can be settled in the local fiat currency of choice, with no settlement risk, ensuring a fast and seamless experience for guests from all around the world.
The Alchemy Hybrid Payment Solution brings together the synergies of blockchain technology and digital payments, propelling cryptocurrencies towards becoming a truly global currency. With its integration at CÉ LA VI, guests are provided with a wide selection of options for payment with no additional fees or surcharges.