Fintech News

MAY 28, 2024

As part of this expansion, B2C2 shared that it will apply for a Major Payment Institution license from the Monetary Authority of Singapore. Backed by the Japanese financial services group SBI, B2C2 offers credit, deep liquidity, competitive pricing, and market-leading settlement services to institutional clients.

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APACS Settlement Advisors Regulations 109

Fintech News

NOVEMBER 6, 2024

Singapore-headquartered payment institution FOMO Pay has partnered with global financial services provider BNY to enhance USD payment services for corporate clients. This announcement recognises FOMO Pay’s dedication to fostering financial inclusion and growth across the APAC region and beyond.”

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Multi-Currency Cross-Border APACS Financial Inclusion 101

Fintech News

MARCH 6, 2024

Cryptocurrency exchange Bitstamp announced it has obtained an in-principle approval from the Monetary Authority of Singapore (MAS) to operate under the Major Payment Institution license. This regulatory milestone allows Bitstamp to offer digital payment token services in compliance with the Payment Services Act in Singapore.

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Security APACS Regulatory Compliance Compliance 105

The Fintech Times

OCTOBER 8, 2024

JCB International , Japan’s international payment brand, is expanding its global partnership with Nuvei Corporation , the Canadian fintech company, to include the Asia-Pacific (APAC) region. Nuvei also explained that the development is particularly significant for its customers in the APAC region.

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APACS Alternative Payment Methods Volume Acquirers 52

Finextra

DECEMBER 13, 2023

Worldline (Euronext: WLN), a global leader in payment services, announces its wholly owned subsidiary, GCS APAC, has been granted Major Payment Institution license by the Monetary Authority of Singapore (MAS).

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Payments Institute APACS Authorization Payments 45

Fintech Finance

DECEMBER 13, 2023

Worldline (Euronext: WLN), a global leader in payment services, announces its wholly owned subsidiary, GCS APAC, has been granted Major Payment Institution license by the Monetary Authority of Singapore (MAS). In India, Worldline has 1.5 million+ merchant touchpoints across 5000+ towns and cities.

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Payments Institute APACS Push-to-Card Cross-Border 52

The Nilson Report

APRIL 26, 2024

The post Nuvei secures MPI License in Singapore to Accelerate APAC Expansion appeared first on Nilson Report.

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APACS Security Posting Cross-Border 52

Fintech News

OCTOBER 7, 2024

Nuvei, a fully licensed direct local acquirer in Singapore and Hong Kong, recently obtained a Major Payment Institution license in Singapore. The company’s modular payments platform connects clients with customers in over 200 markets, supporting 716 alternative payment methods and offering acquiring in over 50 markets.

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Alternative Payment Methods APACS Debit Card Volume 105

The Fintech Times

MARCH 6, 2024

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.

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Cross-Border Payments Cross-Border Facilitators Multi-Currency 97

Fintech Finance

JULY 23, 2024

We are thrilled to partner with XTransfer, expand our footprint in the APAC region, and support them in their acceleration in Latin America,” said Wei Duan, VP of APAC at EBANX. Partnering with a leading local payments institution like EBANX allows us to navigate the complexities of the region’s payment landscape with ease.

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B2B Facilitators Cross-Border APACS 105

Fintech News

APRIL 7, 2024

GSR, a global cryptocurrency trading firm and liquidity provider, has been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS). located in Singapore, to provide digital payment token services. This license allows its subsidiary, GSR Markets Pte.

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Treasury Management APACS Procedures Treasury 94

Fintech News

JANUARY 9, 2024

Crypto custodian BitGo announced that its Singapore subsidiary has been granted in-principle approval by the Monetary Authority of Singapore (MAS) for a Major Payment Institution License for digital payment token services.

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Web 3.0 APACS Authorization Gateways 81

Fintech News

JUNE 11, 2024

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.

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Cross-Border Payments Cross-Border Payment APIs and Integration Payments 112

Fintech News

FEBRUARY 7, 2024

Cross border payments in Singapore – Key Players The report, released on January 18, 2024, examines MPI license holders in Singapore to provide an overview of the market both as a whole and within key segments. Long-established payments hubs the US and the UK come next, followed by Hong Kong and China.

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Cross-Border Payments Cross-Border Payments Processors 106

Fintech Finance

APRIL 8, 2024

TerraPay , a global money movement company, has been granted a Major Payment Institution (MPI) License under the Payment Services Act 2019 by the Monetary Authority of Singapore (MAS) —a significant milestone solidifying TerraPay’s position as a cross-border payments powerhouse.

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Cross-Border Payments Cross-Border Regulatory Compliance APACS 52

Fintech Finance

MARCH 6, 2024

Currencycloud , a Visa solution and the experts in simplifying business in a multi-currency world, has obtained an In-Principle Approval (IPA) for a Major Payment Institution (MPI) licence holder from the Monetary Authority of Singapore (MAS).

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Authorization Multi-Currency Cross-Border Payments Institute 52

Fintech News

FEBRUARY 19, 2024

. “Now, almost two years after the acquisition, a greater integration has happened, so critical capabilities got integrated into what we know as Visa Cross-Border Solutions” to continue delivering global money movement solutions for banks, fintechs, FX brokers, and other payment institutions, according to Rohit.

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Cross-Border Cross-Border Payments Multi-Currency Payment APIs and Integration 111

The Fintech Times

JULY 25, 2024

Typical B2B payments can still take up to 14 days to be confirmed and involve up to six intermediaries, often with low visibility and high fees, according to EBANX’s annual study, Beyond Borders 2024.

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Payment Solutions Cross-Border Alternative Payment Methods Multi-Currency 64

Fintech Review

OCTOBER 7, 2024

“We are excited to list XSGD, a stablecoin with immense utility across the APAC region, to our Bitstamp platform. This further supports the widespread adoption of stablecoins for cross-border payments and other financial transactions worldwide,” said Leonard Hoh, General Manager for APAC at Bitstamp.

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Cross-Border Payments Cross-Border Stablecoins Financial Inclusion 52

Finovate

OCTOBER 18, 2024

. “At Ebury, we embrace the complexity and risk of daily cross-border payments that enable business growth, in a way that traditional banks do not, or cannot,” Ebury Managing Director for APAC, Rick Roache said. Brazilian paytech Barte raised $8 million in Series A funding in a round led by AlleyCorp.

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Cross-Border Payments Cross-Border Advisors Payments 59

Fintech News

DECEMBER 17, 2024

Both Moomoo Singapore and Sygnum Singapore hold Major Payment Institution licenses. Gerald Goh Gerald Goh, Sygnums Co-Founder and CEO APAC says, DAMMF was created to provide investors with the opportunity for long-term capital appreciation by participating in the crypto megatrend.

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Accreditation APACS Payments Institute Returns 101