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and part of the Pine Labs group, has received in-principle approval from the Monetary Authority of Singapore (MAS) for a Major PaymentInstitution (MPI) license. The company also collaborates with DBS Bank, Google Pay, United Overseas Bank, and Singtel Dash as part of its loyalty program to enable interoperablepayments.
The company has an extensive portfolio of licenses, including a New York BitLicense and a Major PaymentInstitution License from the Monetary Authority of Singapore , among others. A “compliance-first” approach underscores Ripple’s commitment to adhering to regulatory standards worldwide.
Moreover, Pix offers lower fees compared to traditional payment methods, with no risk of chargebacks, helping merchants reduce operating costs. In 2025, PagBrasil received authorisation from the Central Bank of Brazil to operate as a paymentinstitution (PI) in the electronic money issuer category.
Shift4 , an integrated payments and commerce technology provider, has partnered with European open finance platform Fabrick , with an aim to optimise payment acceptance services across Europe. However, nearly two-thirds face challenges in achieving a unified view of payments across physical and digital touchpoints.
Visa saw great value in that and became a partner and investor in 2020, before acquiring us in 2021 ,” said Rohit. In 2021, Visa acquired Currencycloud in a deal valued at US$963 million, with the primary aim of enhancing transparency, flexibility, and control in cross-border payments.
“Institutions entering this space are finding success by partnering with compliant, crypto-native players and Ripple’s track record and resiliency speaks for itself, as we launch new products and acquire companies through multiple market cycles.
Under the leadership of the PBOC and local governments, China UnionPay will also team up with banks, China UMS, and acquirers in and outside China’s mainland, and strive for extensive availability of full solutions in all use cases across China.
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