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 102

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 102

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 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 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

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

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 86

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

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

Fintech Finance

APRIL 9, 2024

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.

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APACS Cross-Border Security Alternative Payment Methods 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 110

Fintech News

APRIL 10, 2024

Canadian payments firm Nuvei Corporation has secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore. The company that it will continue to invest in building its presence across APAC.

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Cross-Border Security APACS Alternative Payment Methods 109

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