Hecto WalletOne, a blockchain wallet infrastructure company, and electronic payments and fintech firm WiseCare have signed a partnership to develop stablecoin wallet infrastructure and digital payment services for clinics and hospitals, Hecto WalletOne said on Thursday.

Under the agreement, WiseCare will introduce Hecto WalletOne’s in-app wallet, O-HI Wallet, into its app. It will work to improve global customer payment access and user convenience.

The company said Hecto WalletOne’s B2C wallet service, O-HI Wallet, is implemented as a webview within client companies’ existing apps and services, enabling rollout with minimal resources. As Hecto WalletOne, which holds a virtual asset service provider (VASP) licence, conducts management and oversight in line with regulations, WiseCare can secure key information needed to operate the service, including users’ wallet addresses, asset information and deposit and withdrawal data, and can enter the global Web3 market.

The two companies will combine Hecto WalletOne’s wallet infrastructure capabilities with WiseCare’s experience operating payment services for clinics and hospitals. They will jointly pursue commercialisation of a digital payment and wallet-linked model suited to medical institutions.

WiseCare provides electronic payment services and settlement agency services to clinics and hospitals and various merchants. It operates payment infrastructure suited to medical institutions based on payment services such as SmartPay PG.

A Hecto WalletOne official said stablecoins could be used as new infrastructure for payments and settlements across various industries in the future. The official said the company will work with WiseCare to commercialise a wallet and payment-linked model suited to clinics and hospitals.