UPay provides a unified Web3 payment platform that lets users spend cryptocurrencies like BTC, ETH, and USDT anywhere traditional cards are accepted. The platform combines crypto-to-fiat conversion, virtual and physical card issuance, and global money transfers, with support for Apple Pay and Google Pay integration. UPay has issued over 320,000 cards and processed more than $90 million in spending across 130+ partners.
Funding
Funding not disclosed
Founders
Product
Problem
Cryptocurrency holders face significant friction when trying to use their digital assets for everyday purchases, as most merchants and payment systems do not accept crypto directly. Users are forced to navigate complex exchange processes or rely on limited crypto-accepting merchants, which restricts the practical utility of their holdings.
Solution
UPay provides an integrated payment platform that bridges the gap between cryptocurrency and traditional finance. The platform enables users to deposit Bitcoin, Ethereum, or Tether and immediately access a UPay Card for spending at any merchant that accepts standard card payments, with instant crypto-to-fiat conversion happening at the point of sale. Beyond card payments, UPay supports global money transfers with instant delivery and ATM withdrawals across multiple countries. The platform also offers virtual and physical card options that integrate with Apple Pay and Google Pay, making crypto spending as seamless as using a traditional bank card.
Target Audience
Primary users are cryptocurrency holders seeking practical ways to spend their digital assets in daily life, as well as businesses looking to launch branded card programs and agents wanting to earn commissions through crypto payment adoption.
Features
- Instant crypto-to-fiat conversion at the point of sale for BTC, ETH, and USDT
- Virtual and physical card issuance with Apple Pay and Google Pay mobile wallet integration
- Global money transfer capability with instant arrival to family and friends
- ATM withdrawal functionality across multiple supported countries
- Advanced encryption, transaction monitoring, and risk management systems for security
- Regulatory compliance across multiple jurisdictions including MSO (Hong Kong), VASP (Lithuania), and MSB licenses (United States and Canada)
- Agent network program with revenue-sharing opportunities and dedicated technical support
- API-based card program management for businesses to launch branded card solutions