Singapore mobile payment company SpherePay signed a partnership and secured strategic investment with Titanium to roll out its massive expansion plans in Southeast Asia

Feb 26, 2018 12:00 JST

Source: SpherePay

- Partnership enable users to freely exchange Titanium (TV) with SpherePay tokens SAY
- Secured multiple strategic partnerships and investments such as from oBike, Odyssey, TrueChain, DATx and today, Titanium within 3 weeks.

SINGAPORE, Feb 26, 2018 - (Media OutReach) - Earlier today, Singapore-homegrown mobile payment company SpherePay announced its strategic partnership and investment from one of China's leading blockchain company Titanium (TV). Titanium Value (TV) has confirmed this investment into SpherePay cryptocurrency project SAY as part of its globalisation plan to penetrate the Southeast Asian market. The investment value was not disclosed.

Titanium (TV) is the chain on the titanium chain (Ti-Blockchain), which has been registered on many exchanges with current market capitalization of about 160 million yuan (USD 25 Million). Titanium chain is committed to the development of the public chain ecosystem beyond the existing blockchain, combining IPFS systems to solve existing financial problems and a large number of network storage idling issues. Its main feature is encrypted distributed storage with smart contracts based on graphene technology.

SpherePay which recently launched SAY, a cryptocurrency project that will allow its users to pay using virtual currency in real-life scenes through their mobile app saw itself securing several partnerships including oBike, a well-known Singapore owned bike-sharing company, to provide direct payments to cyclists via cryptocurrencies such as BTC, ETH, DASH, OCN, TRUE, TV and SAY via SpherePay. Other significant partnerships include Odyssey (OCN), TrueChain (TRUE) and DATx (DATx), a sign of strong support within the industry.

Titanium (TV) placed this strategic investment in SpherePay, in line with its globalisation process, tapping into the strong market access in Southeast Asia. In addition, in a circumstance that a unicorn has not appeared in the mobile payment industry in Southeast Asia, SpherePay is looking out to lead the way for innovation and has taken a bold step to introduce the encryption of real money with blockchain technology. This is also an important reason why the Titanium (TV) team has decided to jump into this strategic investment with SpherePay. This will also further broaden the flow of Titanium (TV) and promote the value of Titanium (TV) turnover.

About the Company:
SpherePay is developed by OPG Asia Pte Ltd, a company founded in Singapore in 2017. OPG is the world's leading provider of financial innovation and payment services. The company is committed to the development of electronic business and operations to improve the operational efficiency of the society as a whole.

With the support of cloud computing, OPG have developed SpherePay which is a mobile application with secured online payment, fund management and consumer finance. OPG ensures that all data are being protected and secured. This allows consumers to have a fast, hassle free and convenient experience, and ensure our merchant partners have a safe, reliable and efficient payment gateway platform.

Launched in Singapore in November 2017, SpherePay has quickly grown its footprint to become the one of the biggest mobile payment platform provider in South East Asia servicing over 5 million users and over 10,000 merchants. SpherePay is setting its target to acquire over 10 million users in the region by the end of 2018.

More information can be found on the website at:
Say.spherepay.com
Twitter.com/spherepay
Facebook.com/spherepay
Telegram Community Group at @SAYOfficial

For Press & Media Information, please contact the following:
Mr Ken Nizam , COO & Marketing Head
SpherePay, Global

OPG ASIA PTE LTD
9 Craig Road, Level 3
Singapore 089669

E-mail: Ken.K.N@Opg.Global
Tel: +65 9459 7504

Source: SpherePay