Fintech News

MARCH 5, 2024

Currencycloud, a provider of B2B embedded cross-border solutions, has received in-principle approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). The company plans to launch new services in the coming months, further streamlining international money transfer offerings.

Cross-Border 107

Cross-Border Cross-Border Payments APACS Payments Institute 107

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.

APACS 52

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).

Payments Institute 45

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.

Payments Institute 52

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

Finovate

MARCH 7, 2024

Currencycloud was offered In-Principle Approval to serve as a Major Payment Institution license holder in Singapore. “Having the license would allow us to integrate with the robust financial network in Singapore and collaborate with valuable industry players,” said the company’s Managing Director of APAC Rohit Narang.

Multi-Currency 97

Multi-Currency Cross-Border APACS Cross-Border Payments 97

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.

Security 107

Security APACS Regulatory Compliance Compliance 107

The Nilson Report

APRIL 26, 2024

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

APACS 52

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.

Alternative Payment Methods 107

Alternative Payment Methods APACS Debit Card Volume 107

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.

B2B 105

B2B Facilitators Cross-Border APACS 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.

Cross-Border Payments 97

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

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.

Treasury Management 99

Treasury Management APACS Procedures Treasury 99

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.

Web 3.0 82

Web 3.0 APACS Authorization Gateways 82

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.

Cross-Border Payments 114

Cross-Border Payments Cross-Border Payment APIs and Integration Payments 114

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.

Cross-Border Payments 107

Cross-Border Payments Cross-Border Payments B2B 107

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.

Cross-Border Payments 52

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).

Authorization 52

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.

Cross-Border 114

Cross-Border Cross-Border Payments Multi-Currency Payment APIs and Integration 114

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.

Payment Solutions 64

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.

Cross-Border Payments 52

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.

Cross-Border Payments 59

Cross-Border Payments Cross-Border Advisors Payments 59

Fintech News

JANUARY 22, 2025

APAC has solidified its position as the leader in global real-time payments, processing nearly 70% of the worlds 266 billion transactions in 2023. What makes APAC unique is its blend of diverse regulatory frameworks and a multitude of exotic currencies, creating a dynamic payments environment. in APAC and 44% globally.

Real Time Payments 120

Real Time Payments APACS ISO 20022 Cross-Border 120

Fintech News

FEBRUARY 17, 2025

trillion in cross-border payments, the APAC region is poised to benefit significantly from the surge in cross-border money movement. Companies that adopt global real time payment networks for cross-border transactions could increase their transaction volume by 15% annually and increase their profits as they expand into new markets.

Cross-Border 106

Cross-Border APACS Cross-Border Payments Real Time Payments 106

Fintech Finance

FEBRUARY 17, 2025

EBANX , a leading global Payment Service Provider (PSP) specializing in emerging markets, today announced that EBANX Pte. has been granted In-Principle Approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS).

Payments Institute 57

Payments Institute Authorization Global Payments APACS 57

Fintech News

FEBRUARY 16, 2025

EBANX, a global payment service provider specializing in emerging markets, has received in-principle approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). Currently, 39% of EBANXs processed volume comes from APAC.

APACS 76

APACS Cross-Border Payments Settlement 76

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.

Accreditation 103

Accreditation APACS Returns Payments Institute 103

Fintech News

FEBRUARY 12, 2025

With their exceptional founding team and strong financial discipline, we believe Finmo is well-positioned to redefine how businesses manage payments, liquidity and risk, and we are excited to support their vision to revolutionize treasury management and cross-border payments for businesses across APAC and beyond.”

Treasury Management 85

Treasury Management Treasury Cross-Border Payments Multi-Currency 85