KUALA LUMPUR/TAIPEI, TAIWAN, 14 July 2023 – Soft Space Sdn. Bhd. (“Soft Space”), the world’s leader in providing fintech-as-a-service (FaaS) collaborated with DotDot Global to power the ‘DDPay’ feature to support Taiwan’s largest food and beverage (F&B) technology service platform ‘QuickClick’. The platform has been adopted by close to 20,000 F&B merchants with more than 2.5 million transactions processed monthly.
“We are excited to partner with DotDot Global to create Taiwan’s first and only foodtech provider of Software Point of Sale (SoftPOS) payment application services which can enable card payment acceptance suitable for small and medium-sized businesses. This solution allows for quick implementation by utilising merchant’s existing Point of Sale hardware which lowers the overall operational costs while increasing card acceptance for a seamless and secure contactless payment experience,” said Joel Tay, Chief Executive Officer of Soft Space.
“In the past, it was believed that completing payment marked the end of the customer’s journey. However, today we believe that the payment process is the starting point, initiating the next transaction and service between customers and merchants,” said Ting Hsieh, Chief Executive Officer of DotDot Global based in Taiwan.
The collaboration also involved one of Taiwan’s leading banks, Taipei Fubon Bank to create a compliant and secure platform, providing smart digital payment solutions to further boost Taiwan in achieving its digital governance and sustainable development goals (SDGs). This reduces the need for printed promotional collateral while promoting local economic consumption. Also present at the event was DotDot Global partner,Taiwan Mobile represented by Jamie Lin, its General Manager.
As a leading brand in Taiwan’s food and beverage technology industry, DotDot Global aims to revolutionise digital payments with “DDPay” and create more value for businesses through a Payment as a Service (PaaS) model. The projected target is to achieve
a Gross Payment Value (GPV) of TW$ 1 billion (US$33 million) in 2024 and TW$10 billion (US$ 330 million) in 2025 using SoftPOS. DDPay estimates to onboard 30,000 F&B merchants by the end of 2023.
Soft Space recently achieved another distinction when it enabled Australia’s Tyro Payments to accept SoftPOS payments with Apple’s Tap to Pay on iPhone. The Malaysia-based fintech company also raised US$31.5 million in its Series B1 round in April 2023.
For full story on DDPay’s launch by DotDot Global, read more HERE.
Revolutionise your payments today with Fasstap, read more HERE.