WCT Pay, is proud to announce its strategic repositioning as a cryptocurrency payment solution provider. This transition marks a significant milestone for the company, which has been a trusted name in global payments since its inception in 2008.
WCT Pay’s evolution is being driven by Bruce Parker, a highly respected payments industry veteran with over three decades of experience. Parker’s journey in the payments world began in 1999 when he co-founded QSI Payments Inc., a pioneering company in the field of switching technology for banks and financial intermediaries. Under his leadership, QSI Payments expanded across Europe, the USA, Canada, Hong Kong, Singapore, and Australia, ultimately becoming a key player in the global payments landscape. The company’s success caught the attention of MasterCard, which eventually acquired QSI Payments, further cementing Parker’s reputation as a visionary leader in the industry.
Following the success of QSI Payments, Parker continued to innovate by establishing iPayOptions in 2003. This self-funded private company focused on serving the electronic payments industry by developing advanced software platforms, including internet payment gateways, batch payment management systems, and white-labelled eWallet solutions for card and payment management. Under Parker’s guidance, iPayOptions grew to manage and process over $350 million USD per month in payment transactions, with monthly payouts reaching up to $600 million USD. This remarkable achievement showcased Parker’s ability to scale businesses and create impactful solutions in the payments space.
In 2015, Parker co-founded PAYONYX, a company that leveraged the technological advancements of iPayOptions to provide banks, program managers, processors, and foreign currency companies with state-of-the-art tools to accelerate, enhance, and deploy successful payments programs. The PAYONYX platform empowered banks to offer multi-currency services seamlessly integrated with their existing products, further solidifying Parker’s role as a pioneer in the payments industry.
“The payments landscape is undergoing a seismic shift, with cryptocurrency, particularly stablecoins, leading the charge,” said Parker. “At WCT Pay, we’re not just adapting to these changes; we’re driving them. Our mission is to offer businesses across the globe, the ability to accept cryptocurrency payments for their goods and services.
WCT Pay’s platform is designed to meet the needs of modern businesses, offering seamless integration, customisable payouts, and instant conversion from crypto to fiat. The platform supports several major cryptocurrencies across multiple networks and provides settlement in three fiat currencies: US Dollars, Australian Dollars, and Euros. Businesses using WCT Pay can benefit from lower transaction fees, faster settlements, and the elimination of chargebacks, all while maintaining robust security and compliance standards.
The company’s repositioning comes at a time of rapid growth and expansion. Having already established a strong presence in the APAC region, WCT Pay is now setting its sights on various APAC countries and Europe, where it is securing the regulatory approvals to further extend its global reach. Parker continues to bring together a team of industry experts to drive the company’s growth and ensure that WCT Pay remains at the cutting edge of payments innovation.
“The future of payments is here, and it’s digital,” Parker stated. “With WCT Pay, businesses can tap into a global market of over 500 million cryptocurrency users, offering their customers the convenience and security of crypto payments. We’re excited to lead this charge and look forward to building lasting partnerships with businesses that share our vision for the future.”