The Fintech Times

FEBRUARY 5, 2025

Since the new sports betting regulation took effect on 1 January 2025, some operators have struggled to ensure compliance – leading Transfeera to step in and adapt its Pix payment offering. The new rules mandate that payments be processed exclusively through bank accounts registered to individual bettors.

Compliance 59

Compliance Automation Rules Central Bank 59

Fintech Finance

JANUARY 7, 2025

Paysafe (NYSE: PSFE), a global payments platform, today announced that it has received approval from the Central Bank of Brazil (BCB) for a payment institution (PI) license for the countrys launch of its regulated online sports-betting and gambling market.

Alternative Payment Methods 98

Alternative Payment Methods Payments Payments Institute Central Bank 98

Fintech News

NOVEMBER 4, 2024

Razer Gold has received in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution license. This development marks a major step for the gaming-focused virtual credit platform as it prepares to expand its payment services in Singapore. said Adisorn Phonnarut, Global Head of Razer Gold.

Cross-Border 111

Cross-Border Payments Payments Institute On-Demand 111

The Payments Association

JANUARY 13, 2025

The FCA’s proposed safeguarding reforms for payments and e-money firms, aiming to enhance consumer protection and operational compliance. Firms must invest in compliance, adapt workflows, and advocate for fair regulations. Why is it important? What’s next?

Compliance 88

Compliance Audit Legal Reconciliation 88

The Fintech Times

MARCH 28, 2025

Looking to bridge the world of fiat and digital currencies, Fipto , a blockchain-based payment infrastructure, is looking to make it easier for firms to integrate stablecoins and optimise existing global payment flows using blockchain. The firm is also a licensed Virtual Asset Service Provider (VASP) in Luxembourg.

Stablecoins 64

Stablecoins Security Digital Currency Accreditation 64

Fintech Finance

OCTOBER 15, 2024

Aspire , a Singapore-headquartered all-in-one finance platform for modern businesses, today announced that it has received in-principle approval (IPA) for the Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS).

Payments Institute 98

Payments Institute Authorization Payments Finance 98

Fintech News

OCTOBER 31, 2024

Its platform covers payments in 173+ countries with local payment options in 70+ markets and offers global business accounts in 60+ currencies. Triple-A is another Singaporean company included in FXC Intelligence’s Global Most Promising Cross-Border Payments Companies 2024 list. It claims more than 20,000 business customers.

Cross-Border Payments 131

Cross-Border Payments Cross-Border Payment APIs and Integration Multi-Currency 131

Fintech Finance

FEBRUARY 5, 2025

Pix, Brazils instant payment system managed by the Central Bank, has transformed digital transactions, with over 170 million users and 90% of Brazils adult population relying on the system. Our expertise in payments allows us to offer operators the tools they need to thrive in a regulated environment.

Regulations 60

Regulations Central Bank Account Validation Fraud Prevention 60

Fintech Finance

JANUARY 8, 2025

1 B2B Cross-Border Trade Payment Platform , was granted the Major Payment Institution (MPI) License under the Payment Services Act 2019 by the Monetary Authority of Singapore (MAS). This significant milestone strengthens XTransfer’s leading position in the B2B cross-border payments industry.

Authorization 105

Authorization Cross-Border Cross-Border Payments Regulatory Compliance 105

Fintech News

MARCH 18, 2025

The Monetary Authority of Singapore (MAS) has granted FlexM , a global fintech conglomerate, a Major Payment Institution (MPI) license. FlexM provides financial technology solutions to other financial institutions, covering payments, merchant acquisition, remittances, and regulatory compliance.

Cross-Border 71

Cross-Border Regulatory Compliance Financial Inclusion Payments 71

The Fintech Times

FEBRUARY 8, 2025

This milestone builds on Tumas foundation as a licensed Payments Institution in the UK, which serves as the cornerstone of its remittance operations in East Africa. It demonstrates the companys commitment to regulatory compliance, innovation, and excellence in financial services across its markets.

Security 59

Security Cross-Border Financial Inclusion Cross-Border Payments 59

The Payments Association

OCTOBER 23, 2024

On 25 September 2024, the UK Financial Conduct Authority (FCA) published its long-awaited Consultation Paper (CP24/20) setting out proposed changes to the safeguarding rules applicable to electronic money institutions (EMIs) and payment institutions (PIs) (together, payments firms).

Rules 88

Rules Payments Institute Authorization Reconciliation 88

Neopay

FEBRUARY 5, 2025

This latest communication is particularly relevant to firms authorised under the Payment Services Regulations 2017 (PSRs) and the Electronic Money Regulations 2011 (EMRs), including Electronic Money Institutions (EMIs), Payment Institutions (PIs), and Registered Account Information Service Providers (RAISPs).

Fraud Prevention 52

Fraud Prevention Financial Crimes Compliance Payments 52

Fintech News

JANUARY 20, 2025

In Singapore, choosing a licensed exchange is crucial to ensure safety and compliance with regulations. Overview of Regulated Cryptocurrency Providers in Singapore As of now, Singapore has 30 major payment institutions with digital payment token service licences. They facilitate transactions between buyers and sellers.

Cryptocurrency 111

Cryptocurrency Credit Cards Verification Blockchain 111

Open Banking Excellence

SEPTEMBER 21, 2023

Cybersecurity experts Duncan McDonald, Global Head of Compliance Services & Wayne Scott, Regulatory Compliance Lead, from The NCC Group explain how to prepare for DORA compliance and why the new legislation will enhance cyber resilience across the financial sector and its supply chain. compliance.

FinTech 130

FinTech Compliance Regulations Non-Bank 130

Fintech News

MAY 21, 2024

Inspired by Ripple’s cross-border payment model, the Web 3.0 digital bank addresses significant challenges in managing cross-border payments and fiat-crypto transactions. payment ecosystem by integrating licensing resources and global compliance credentials. Alchemy Pay continues to build its extensive Web 3.0

Web 3.0 107

Web 3.0 Cross-Border Payments Cross-Border Alternative Payment Methods 107

Fintech News

SEPTEMBER 1, 2024

The Singapore subsidiary of crypto exchange OKX has received a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license allows OKX to offer a broader range of digital payment services in compliance with local regulations.

Payments 122

Payments Regulations Payments Institute Authorization 122

The Fintech Times

JANUARY 8, 2025

The Monetary Authority of Singapore (MAS) has grantedChina-based B2B cross-border trade payment platform, XTransfer , a Major Payment Institution (MPI) licence, enabling it to provide a range of money transfer services in the region.

Cross-Border Payments 59

Cross-Border Payments Cross-Border Payment Solutions Security 59

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

Finextra

JUNE 20, 2024

Elmore Insurance Brokers and RegTech Green Swan Compliance have teamed up on the development of an Authorised Push Payment (APP) Fraud Reimbursement Insurance product for qualifying UK banks, Payment Service Providers, E-Money Institutions, and Authorised Payments Institutions.

Payments Institute 75

Payments Institute Compliance Service Provider Product 75

Fintech News

JULY 23, 2024

Hex Trust, a Hong Kong-based digital asset custodian, announced it has received in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license. said Calvin Shen, Managing Director, Hex Trust.

Payments 114

Payments Consumer Protection Authorization On-Demand 114

The Fintech Times

DECEMBER 6, 2024

.” Consolidation amid economic and regulatory challenges Stphane Dehaies, CEO of Spendesk Financial Services Stphane Dehaies , CEO of Spendesk Financial Services , a licensed payments institution, builds on this view. We witnessed more than 50 elections that I expect will shape the economy in 2025.

FinTech 72

FinTech Embedded Payments Compliance Money Laundering 72

Fintech Finance

SEPTEMBER 24, 2024

The service provides a vital layer of security for financial transactions, helping to reduce the risk of fraudulent activity and accidental misdirection of payments. The solution is compliant with Instant Payment Regulation, supporting payment institutions to match the normative requirements.

Payee 98

Payee Verification IBAN Cross-Border 98

Fintech News

MAY 12, 2024

XREX Singapore, a blockchain-enabled financial institution specialising in cross-border payments, has been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS).

Cross-Border 111

Cross-Border Cross-Border Payments Travel Rule Regulatory Compliance 111

Fintech News

JUNE 11, 2024

This move aims to enhance Ripple ‘s product offerings and explore new ventures like stablecoins while maintaining regulatory compliance. money transmitter licenses, a Major Payment Institution License from the Monetary Authority of Singapore , and a Virtual Asset Service Provider registration with the Central Bank of Ireland.

Stablecoins 111

Stablecoins Acquirers Regulatory Compliance Central Bank 111

Fintech News

OCTOBER 14, 2024

Aspire, a Singapore-based finance platform for businesses, has secured in-principle approval for a Major Payment Institution license from the Monetary Authority of Singapore (MAS). As we continue to scale, our commitment to security and compliance remains at the core of everything we do.”

Payments 106

Payments International Payments Payments Institute Security 106

Fintech News

AUGUST 28, 2024

FlexM, a fintech company known for its Fintech-as-a-Service (FaaS) platform, has received in-principle approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This development follows FlexM’s recent approval of a Payment Service Provider license from FINTRAC in Canada.

Cross-Border 106

Cross-Border Regulatory Compliance Payments Payments Institute 106

Fintech News

FEBRUARY 28, 2024

HashKey Technology Services, the over-the-counter (OTC) trading division of the HashKey Group , has secured in-principle approval from the Monetary Authority of Singapore (MAS) for its application for a Major Payment Institution license. This license will enable HashKey OTC to provide digital payment token services.

Accreditation 114

Accreditation Regulatory Compliance Settlement Digital Payments 114

Fintech News

MARCH 12, 2024

has been accorded in-principle approval for a Major Payment Institution License by the Monetary Authority of Singapore (MAS). This approval will permit OKX to engage in the provision of digital payment token (DPT) and cross-border money transfer services in Singapore, in compliance with the Payment Services Act 2019.

Cross-Border 114

Cross-Border Regulatory Compliance Best Practices Cryptocurrency 114

Finovate

JANUARY 10, 2025

In a statement, the company said that the funding will help “accelerate our mission to help merchants dramatically grow their marketing lists while maintaining ironclad data privacy compliance.” Latin American cross-border payments platform dLocal secured an authorized payment institution license from the U.K.’s

Innovation 64

Innovation Cross-Border Payments Payments Cross-Border 64

Fintech News

APRIL 7, 2024

The stablecoin aims to improve the customer experience in payments and represents a significant use case in emerging markets for stablecoin disbursements. A “compliance-first” approach underscores Ripple’s commitment to adhering to regulatory standards worldwide.

Stablecoins 120

Stablecoins Use Case Blockchain Regulatory Compliance 120

Fintech News

NOVEMBER 10, 2024

QCP Trading, a provider of over-the-counter (OTC) spot trading services for digital assets, has been granted in-principle approval for a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS).

Regulations 104

Regulations Payment APIs and Integration Settlement Stablecoins 104

Fintech Finance

MARCH 7, 2024

FOMO Pay, a leading major payment institution headquartered in Singapore, has implemented Bottomline solution to strengthen efficient payment workflows, effective treasury lifecycle management, and robust regulatory compliance.

Treasury 52

Treasury Compliance Cash Management SWIFT 52

The Payments Association

JANUARY 30, 2025

In some cases, firms that initially secured a Small licensesuch as a small payment institution (SPI) or small electronic money institution (SEMI)later find themselves struggling when attempting to upgrade to full authorisation on the basis or their increased volumes.

Consulting 88

Consulting Compliance Payments Regulations 88

Fintech News

FEBRUARY 18, 2024

This collaboration helps dtcpay balance speed and compliance as they expand across Asia and beyond. As Sumsub gears up for its participation in Seamless Asia, this partnership serves as a beacon for businesses seeking to navigate the complexities of digital payments verification.

Verification 117

Verification Travel Rule Multi-Currency Compliance 117

The Payments Association

APRIL 11, 2025

The consultation will shape how and when the RCMS is adopted, with major implications for compliance, fraud prevention, and operational readiness across the payments industry. This isnt just a compliance exerciseits an opportunity to modernise, outpace fraudsters, and create a safer, smarter payments ecosystem.

Consulting 88

Consulting Compliance Payments Legal 88

Fintech News

JULY 16, 2024

StraitsX, a digital asset payments infrastructure provider in Southeast Asia, has received Major Payment Institution (MPI) licenses from the Monetary Authority of Singapore (MAS). and StraitsX Payment Services Pte. The licenses were issued to StraitsX USD Issuance Pte. StraitsX SGD Issuance Pte. Additionally, Xfers Pte.

Stablecoins 111

Stablecoins Security Cross-Border Settlement 111