One of the first WaaS solutions in the market, the HolyWally white-label digital wallet platform was introduced in 2021 and allows organizations to create and administer their own digital wallets.

InstaWally, a wallet app solution developed by DCS Innov, allows businesses to incorporate virtual bank accounts, cards, and Web3 payments from the DCS Card Centre (DCSCC) into their own offerings. According to the company, InstaWally is "currently sales-ready and set to onboard its first client in the third quarter of 2024."

According to DCS Innov, purchasing HolyWally would allow the company to give its clients a WaaS solution that enables them to "offer the same payment experience to their end users worldwide" and will "bring InstaWally global."

Additionally, it intends to "use HolyWally's current international clientele to create affiliate partnerships that support the fundamental payment services provided by InstaWally throughout various geographies."

HolyWally has already established alliances with businesses such as FinMirai in Japan, Monavate in Europe, and Zenus Bank in the US.

HolyWally's CEO and co-founder Veljko Vasic will become chief commercial officer of DCS Innov following the purchase, and the company's core development team will also become “an integral part of the DCS Innov team”.

In light of the acquisition, DCS Innov CEO Ceridwen Choo states that she is "extremely confident" that the combined resources and experience of the two businesses will "promote rapid expansion and enhance productivity in providing payment solutions that are pertinent, easy to implement, and scale for our customers."

Vasic continues, "We will be able to scale resources effectively to take our solution into global markets at speed by bringing the strengths of both teams under a single entity."