Polygon is doubling down on payments and tokenisation: Global Head of Payments
The company believes that the partnerships it has set up, be it in gaming, NFTs, and AI, among others will complement each other through strengthening its payments and token offerings.
Polygon Labs is looking to double down on its payments and tokenisation verticals, Aishwary Gupta, the company’s Global Head of Payments, told YourStory on the sidelines of Indian Blockchain Week, 2025.
The company, which has partnered with gaming companies, AI companies, and NFT companies, is looking to bolster its payment vertical that remains at the core of its operations. Polygon will continue to develop projects and partnerships in other verticals, but will be more strategic in how it goes about the same, Gupta added.
“You cannot monetise all the verticals you have in one go. You need to see where it has worked out and then double down on it. We have seen how payments work for us and so we are doubling into it,” he said.
Polygon has begun building on its wallet solutions and is looking to partner with fintech companies. Most recently, Mastercard partnered with Polygon Labs and Mercuryo to expand its Crypto Credential system to self-custody wallets. This allows users to use human-readable usernames instead of long crypto wallet addresses for transfers. Polygon provides the blockchain infrastructure as part of this partnership.
The company has also begun working with a couple of banks, asset issuers and managers. It recently closed a deal with one of the biggest asset managers in Europe to onboard. However, Gupta did not disclose the name of the asset manager.
In terms of strategic partnerships, the company is eyeing government initiatives and banking initiatives where the company can help consult on Web3 technology.
However, Gupta also noted that the company does not have payment volumes in India but is in conversations with the government to figure out a solution for these offerings in the country.
Meanwhile, its payment strategy is yielding results globally. Today, more than $10 billion of international stablecoins move through Polygon—one of the highest non-USD volumes across any network, Gupta pointed out, referring to a post on X by the Ethereum Foundation. The company also processes between $30 billion and $50 billion in monthly USD volumes.
Today, the company commands roughly 90% of Latin America’s stablecoin transfers. Similar regulatory environments in Europe and Africa provide the company with sufficient opportunities in the payment and tokenisation verticals, Gupta said.
Edited by Jyoti Narayan