XTransfer Gets Green Light for Singapore Payment License
Fintech News
JANUARY 7, 2025
Cross-border payment firm XTransfer has received the Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). The license, issued on 1 January 2025, allows XTransfer to offer services such as account issuance, domestic and cross-border money transfers, flexible top-up options, and e-money issuance in Singapore. The company, founded in 2017, specialises in cross-border payment solutions tailored to small and medium-sized enterprises (SMEs).
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