Pomelo expands into cryptocurrency payments in partnership with TripleA

August 11, 2022
  • Luxury hospitality group Soneva becomes the first to benefit from the partnership by accepting cryptocurrencies across its resorts

Fintech platform Pomelo has partnered with cryptocurrency payments services provider TripleA to enable businesses financial institutions, merchant acquirers, payment service providers and other fintechs, to offer cryptocurrency payments and pay-outs.

Pomelo’s B2B platform supports businesses with frictionless payments, merchant acquiring services and more. As a unified white label solution, businesses can enable their merchants or partners to accept popular international payment methods securely with the latest technology.

Following growing demand, Pomelo has expanded its offering opening up more businesses to accept cryptocurrencies directly through secure QR codes and user-friendly payment link technology. With quicker settlement periods and low transaction fees, this new mode of payment saves businesses time and money.

Licensed by Singapore’s Central Bank, TripleA is a white-label crypto payment gateway that connects both crypto users and non-users around the world in a safe and secure manner.  With its instant confirmation, locked-in exchange rates, and real-time fiat conversions, businesses get to pay and get paid in crypto without the hassle of holding or converting digital currencies. Businesses are also shielded from the risk of fraudulent transactions with no chargebacks.

Luxury hospitality pioneer Soneva has become the first business to benefit from the partnership, which will enable it to accept Bitcoin and Ethereum cryptocurrencies across each of its resorts. Enhancing ease of transaction, guests can now confidently make secure international payments at Soneva Fushi, Soneva Jani and Soneva in Aqua in the Maldives, and Soneva Kiri in Thailand.

Tagged as the ‘currency of the future’, cryptocurrency payments are becoming increasingly popular. Nearly 75% of retailers plan to accept either cryptocurrency or stablecoin payments within the next two years, according to a June survey conducted by Deloitte, titled Merchants getting ready for crypto.

Vincent Choi, CEO of Pomelo said, “We are excited to be joining forces with TripleA to enable cryptocurrency as a direct form of payment. TripleA is a reliable and regulated crypto payment solutions provider entrusted by users and merchants, so it is the perfect partner for us. With the growing demand for crypto as a form of payment, this is an exciting next stage in our mission to help businesses innovate payments acceptance and give consumers the choice to pay the way they want to”.

"TripleA is thrilled to partner with Pomelo to allow businesses to accept cryptocurrency payments," said Eric Barbier, CEO of TripleA. "With our partnership, businesses get to tap into the spending power of more than 300 million crypto owners globally, without bearing any price volatility risk."

"At Soneva, we have always endeavoured to be a pioneer in the hospitality industry, hence accepting cryptocurrencies as a payment method is another example of enabling our international guests to make payments from anywhere in the world easily," says Bruce Bromley, Chief Financial Officer, and Deputy CEO of Soneva.

About Pomelo

Pomelo offers Payment Platform as a Service (PPaaS) with ready-to-use payment rails, intuitive merchant services and access to the latest financial technology to help financial institutions and enterprises drive payment efficiencies across the financial ecosystem, ultimately benefiting merchants and customers. Founded in 2017, Pomelo began by helping businesses digitise their payment infrastructure and take payments from anyone, anywhere at a low cost and without the need for expensive point-of-sale hardware. It continues to provide these solutions directly to businesses in the UK as Pomelo Pay. Headquartered in London, Pomelo has a regional headquarter in Singapore and a swift expanding presence across Asia and Europe. In November 2021, Pomelo raised US$10 million in Series A led by Inference Partners.

For more information,please visit www.pomelogroup.com

About TripleA

TripleA helps businesses increase their revenue by enabling crypto payments and payouts, giving them access to the spending power of the fast-growing 300m+ cryptocurrency users. With its white-label, easy setup, instant confirmation, locked-in exchange rate, real-time fiat conversion, and no chargeback crypto payments solution, TripleA meets the needs of all businesses. This includes e-commerce merchants, retailers, game providers, PSPs, fintech, marketplaces and tech companies. The company is licensed by MAS, the Monetary Authority of Singapore (Singapore’s Central Bank), allowing partners to operate in a fully compliant and regulated environment.

For more information, please visit: www.triple-a.io

About Soneva

Soneva is a pioneering family of award-winning resorts in outstanding natural locations. At Soneva Fushi, Soneva Jani and Soneva in Aqua in the Maldives, and Soneva Kiri in Thailand, true ‘luxury’ is defined by peace, time and space. Each resort is renowned for its expansive private villa accommodation, one-of-a-kind experiences and memorable dining destinations. Soneva’s SLOW LIFE philosophy focuses on rare, meaningful experiences and

holistic wellbeing journeys that illuminate and enrich guests’ lives while treading lightly on the earth. Soneva has led the way for responsible tourism, combining a conscientious, proactive approach to sustainability with exquisite luxury and intuitive, personalised service.

For more information about Soneva, visit www.soneva.com

Related news

Pomelo Group Limited is a company registered in England and Wales (No. 10583935). Our registered address is Level 39 One Canada Square, London, England, E14 5AB. Pomelo Group Ltd is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 FRN 928018 for the issuing of electronic money.

© Pomelo Group Ltd 2022.
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