Remove APACS Remove Cross-Border Remove Payments Institute
article thumbnail

Currencycloud Powers OPAL to Simplify Cross-Border Payments for SMEs

Fintech News

Licensed as a Major Payment Institution (MPI) by the Monetary Authority of Singapore (MAS), OPAL offers domestic and cross-border payments, payment accounts, and e-money services. OPAL, a neobank startup, has been steadily growing in the financial hub of Singapore since its inception in 2019.

article thumbnail

Simplifying Global Money Movement with Visa Cross-Border Solutions

Fintech News

In a recent interview, Rohit Narang, Vice President for the Asia-Pacific region at Visa Cross-Border Solutions, powered by Currencycloud, shared insights into the acquisition of Currencycloud by Visa, shedding light on the evolution of their collaboration and the impact it has had on global money movement.

article thumbnail

Currencycloud Facilitates Seamless Cross-Border Payments with Singapore MPI Licence

The Fintech Times

Currencycloud, a Visa solution, is granted preliminary approval for a major payment licence from the Monetary Authority of Singapore (MAS). Rohit Narang , managing director of APAC, Currencycloud said: “The IPA for a Major Payment Institution Licence is testament to the strength of the Currencycloud brand.

article thumbnail

Cross Border Payments Singapore: How the Lion City is Poised to be Global Hub

Fintech News

With a highly skilled international workforce, long-established support for innovation and a well-developed reputation as a global finance hub, cross-border payments in Singapore have the makings of a global hub. These figures emphasize the high focus on cross-border payments in the domestic payment market.

article thumbnail

XSGD, Singapore’s First Dollar-Backed Stablecoin, Launches on Bitstamp to Power Global Cross-Border Payments

Fintech Review

Unlocking Global Cross-Border Payment Flows Stablecoins like XSGD are rapidly emerging as the preferred solution for on-chain cross-border payments, providing a secure and efficient alternative to traditional financial systems.

article thumbnail

Nuvei Secures MPI License in Singapore to Accelerate APAC Expansion

Fintech Finance

Nuvei Corporation (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, today announces that its Singapore entity, Nuvei Singapore Pte Ltd, has been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore. billion Mastercard debit, credit and prepaid cards globally.

APACS 52
article thumbnail

MAS Grants Gemini In-Principle Approval for Crypto Payment License

Fintech News

Crypto exchange Gemini has received in-principle approval (IPA) from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license. This approval allows Gemini to provide cross-border money transfer and digital payment token services in Singapore.

APACS 98