Triple-A Enables In-Store Stablecoin Payments for LuxLexicon

Today, Triple-A, a global payment institution, announces it is enabling LuxLexicon, Singapore’s leading luxury handbag resale and consignment platform under Carousell Group, to introduce stablecoin payments into its in-store shopping experience. The service will be available at LuxLexicon’s Palais Renaissance store in Singapore and will apply to selected luxury handbag purchases, targeting digitally native customers.

Founded in 2016, LuxLexicon offers both online and in-store experiences to customers seeking curated access to luxury resale. As LuxLexicon continues to enhance convenience and flexibility for its customer base, Triple-A will now enable seamless stablecoin payment options for a new segment of luxury shoppers

Triple-A’s solution offers retailers and e-commerce platforms an enterprise-grade payments infrastructure that handles real-time stablecoin conversion to local currency at locked-in exchange rates, with next-day bank settlement.

By introducing stablecoin payments at its Palais Renaissance store, LuxLexicon is expanding payment accessibility for Singaporean shoppers who are seeking alternative payment options that can avoid currency transfer and high credit card fees. In addition, Triple-A notes that its merchants have observed higher average order values, with customers who pay with digital currencies tending to spend more and preferring premium retail experiences. LuxLexicon aims to tap into this customer segment through this new payment option.

LuxLexicon joins a growing network of forward-looking businesses leveraging Triple-A’s compliant stablecoin payments solution to enhance accessibility, increase conversion, and capture demand from global digital currency owners. Triple-A supports 1,000 enterprise customers worldwide, enabling more than 700 million people to pay with digital currencies.

Eric Barbier, Founder & CEO of Triple-A, said: “Luxury retail is global by nature. By enabling stablecoin payments at LuxLexicon, we’re making it easier for international customers to shop and helping retailers tap into a new high-value, digitally native audience.”

Kevin Simtan, Senior Manager, Business Strategy and Operations at LuxLexicon, added: “At LuxLexicon, we are always looking for ways to enhance the luxury resale experience by improving accessibility. Introducing stablecoin payments into our store is part of our commitment to exploring diverse customer preferences while maintaining the premium experience our customers expect.”

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About LuxLexicon

LuxLexicon is the leading luxury handbag resale and consignment platform in Singapore. Founded in 2016 and acquired by Carousell Group in 2024, LuxLexicon has one of the largest resale Hermès bag selections in Southeast Asia. Each item goes through a rigorous due diligence examination by their in-house expert before being listed for sale. Visit http://www.luxlexicon.com for more information.

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