Operating Mechanism

The Upay Card is a prepaid payment solution managed through a digital wallet, designed to support a wide range of online and offline payment scenarios. Its core mechanism lies in its compatibility with global payment networks while offering users enhanced privacy protection and cost-efficient transactions.

1. Account Registration & Top-Up

• Users can apply for an Upay Card (entity) via the wallet or associated platforms.

• Upay card require basic KYC verification.

• Card top-up is facilitated through the wallet or OTC providers, allowing users to convert digital assets (e.g., USDT) into an Upay Card balance.

2. Payments & Transfers

• Online Payments: Supports e-commerce platforms, subscription services, and digital asset transactions.

• Offline Payments: entity cards can be used at POS terminals or via QR code scanning for in-store purchases.

3. Settlement & Withdrawals

• Upay Cards are fully interoperable with global payment networks such as Visa, ensuring seamless settlement.

• Users may withdraw by converting their Upay Card balance into fiat or digital assets through OTC providers or wallet platforms.

4. Privacy & Data Protection

• Upay entity Cards safeguard user privacy while adhering to essential KYC requirements.

• Sensitive information is protected through built-in compliance and security mechanisms.

5. Prepaid Model

• The prepaid structure enables users to control spending limits through top-ups, making it ideal for budgeting, expense control, and semi-anonymous payments.

6. Wallet Integration

• Upay Cards are seamlessly integrated with the wallet ecosystem.

• Users can recharge, check balances, and review transaction histories directly via the wallet interface.

• Supports both on-chain and off-chain payment scenarios, enhancing overall capital efficiency.