FinTech, Payments Institute and Posting

Spendesk Officially Launches Its Own Payment Institution: Spendesk Financial Services

Fintech Finance

NOVEMBER 27, 2024

Spendesk , the complete spend management platform for mid-sized businesses, has officially launched Spendesk Financial Services, its payment institution. This includes effective prevention of external fraud on payment methods by applying industry best practices and real-time transaction monitoring.

Payments Institute

Payments Institute Payments Best Practices Payment Solutions

Nuvei Agrees to Acquire Licensed Payment Institution in Brazil

Fintech Finance

AUGUST 5, 2024

Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, today announces that it has entered into a definitive agreement to acquire Pay2All Instituição de Pagamento Ltda. (“Pay2All”), a licensed Payment Institution authorized by the Central Bank of Brazil.

Payments Institute

Payments Institute Acquirers Central Bank Payments

JST Digital Obtains In-Principle Approval for a Major Payment Institution Licence from MAS

Fintech Finance

SEPTEMBER 9, 2024

Ltd. (“JST Singapore”) has received an in-principle approval for a Major Payment Institution (MPI) licence from the Monetary Authority of Singapore (MAS) to provide digital payment token service.

Payments Institute

Payments Institute Payments Authorization On-Demand

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Aspire Receives in-principle Approval for Major Payment Institution License From Monetary Authority of Singapore

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

Payments Institute Authorization Payments Finance

How Ireland, Lithuania and the Netherlands are competing to win fintechs post-Brexit

Payments Source

NOVEMBER 23, 2020

Many countries are positioning themselves as a destination for fintechs seeking EU-wide licenses as the U.K. electronic money and payments institution licenses across the EU won’t be passportable across the EU. leaves the EU. Following Brexit, U.K.

FinTech

FinTech Posting Payments Institute Payments

Qashier Awarded In-Principle Approval for a Major Payment Institution Licence (MPI)

Fintech Finance

APRIL 24, 2024

Singapore-based fintech startup Qashier announced today that the company has been awarded in-principle approval by the Monetary Authority of Singapore (MAS) for a major payment institution licence to offer merchant acquisition services, and domestic and cross-border money transfer services.

Payments Institute

Payments Institute Cross-Border Cross-Border Payments Payments

Nium is the Sole Asian Fintech on the Latest Forbes Fintech 50 List

Fintech News

FEBRUARY 22, 2024

In its ninth annual Fintech 50 list, Forbes has spotlighted its key contributors to the fintech sector, and Singapore-headquartered payments firm Nium has been distinguished as the sole Asian entity to feature this year. Prajit Nanu “It’s an honor to be among the world’s best again on the Forbes Fintech 50 list.

FinTech

FinTech Origination Payments Institute B2B

Worldline Group’s subsidiary obtains ‘Major Payment Institution’ licence for Singapore

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).

Payments Institute

Payments Institute APACS Push-to-Card Cross-Border

8 Southeast Asian Fintechs Featured in Forbes Asia 100 to Watch List

Fintech News

SEPTEMBER 4, 2024

Eight fintech startups from Southeast Asia have been named among this year’s Forbes Asia 100 to Watch list, recognized for capturing investors’ attention, securing substantial backing, and achieving significant success. This year, it is the only Malaysian fintech company featured on Forbes Asia’s 100 to Watch 2024 list.

FinTech

FinTech Cross-Border Payment APIs and Integration Credit Cards

XTransfer Showcases Cross-Border Payment Solutions at SFF 2024

Fintech News

NOVEMBER 7, 2024

XTransfer, a B2B cross-border payment platform, made its debut at the Singapore Fintech Festival (SFF) 2024 as a Gold Sponsor. The company aims to expand its presence in Southeast Asia, offering secure and efficient payment solutions to SMEs in the region. ” said Bill Deng, Founder and CEO of XTransfer.

Cross-Border Payments

Cross-Border Payments Cross-Border Payment Solutions Payments

Alchemy Pay Invests in UK Fintech LaPay and Secures API License as Part of Global Web3 Expansion

Fintech Finance

MARCH 28, 2024

Alchemy Pay, the leading global Web3 payment solution provider, has revealed its investment in LaPay UK Ltd, a UK-based fintech dedicated to facilitating international business growth for companies. Hong Kong, Singapore, Australia, and South Korea.

Payment APIs and Integration

Payment APIs and Integration API FinTech Security

MAS Grants Gemini In-Principle Approval for Crypto Payment License

Fintech News

OCTOBER 29, 2024

Crypto exchange Gemini has received in-principle approval (IPA) from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license. This approval allows Gemini to provide cross-border money transfer and digital payment token services in Singapore.

APACS

APACS Regulatory Compliance Cross-Border Payments

OKX Partners DBS to Enable Free, Instant SGD Deposits and Withdrawals

Fintech News

NOVEMBER 18, 2024

These changes come after OKX secured a Major Payment Institution license from the Monetary Authority of Singapore in September. The license enables OKX to provide digital payment token and cross-border money transfer services within the country.

Cross-Border

Cross-Border Verification Payments Institute Participant

FOMO Pay and BNY to Streamline USD Payment Services for Corporate Clients

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.”

Multi-Currency

Multi-Currency Cross-Border APACS Financial Inclusion

This Week in Fintech: TFT Bi-Weekly News Roundup 02/07

The Fintech Times

JULY 2, 2024

Welcome to The Fintech Times Bi-Weekly News Roundup on Tuesday 2 July 2024 bringing you the latest updates from across the world. By leveraging Temenos composable banking capabilities and Tech Mahindra services, Electronic Money Institutions (EMIs) in the UK and Europe.

FinTech

FinTech Multi-Currency Consulting Agreements

MAS Awards HashKey OTC License for Crypto Payments

Fintech News

AUGUST 4, 2024

HashKey Technology Services (HashKey OTC), the over-the-counter trading arm of HashKey Group, has been granted a Major Payment Institution license by the Monetary Authority of Singapore (MAS). This license enables HashKey OTC to provide digital payment token (DPT) services in Singapore.

Payments Institute

Payments Institute SWIFT Payments Settlement

dtcpay Announces Shift to Stablecoin-Only Payment Services by 2025

Fintech News

DECEMBER 3, 2024

This surge highlights the increasing demand for stability and reliability in digital payments. dtcpay has a strong track record of innovation and achievement in the fintech sector. By transitioning to a stablecoin-focused model, dtcpay aims to deliver a more reliable, scalable, and secure payment experience.

Stablecoins

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Razer Gold Gets In-Principle Nod for Payment License in Singapore

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

Cross-Border Payments Payments Institute On-Demand

What Is DORA Legislation? A Guide For Banks, Fintechs & Financial Institutions

Open Banking Excellence

SEPTEMBER 21, 2023

Banks, fintechs, all other financial institutions and their supply chains must take the necessary steps to comply or risk paying a very heavy price both financially and reputationally. The PRA SS2/21 regulation imposes requirements on the financial institutions as well as those within the wider financial market infrastructure (FMI).

FinTech

FinTech Compliance Regulations Non-Bank

CBI and Banfico Partner to Expand Global Reach of Verification of Payee Service

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

Payee Verification IBAN Regulatory Compliance

Currencycloud Gets In-Principle Approval for Payments License From MAS

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 post Currencycloud Gets In-Principle Approval for Payments License From MAS appeared first on Fintech Singapore.

Cross-Border

Cross-Border Cross-Border Payments APACS Payments Institute

6 Asian Companies Recognized Among the World’s Most Promising in Cross-Border Payments

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.

Cross-Border Payments

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

OKX Singapore Gets Crypto Payments License, Names Grab Alum as CEO

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

Payments Regulations Payments Institute Compliance

Currencycloud Facilitates Seamless Cross-Border Payments with Singapore MPI Licence

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

Cross-Border Payments Cross-Border Facilitators Multi-Currency

Singapore, Hong Kong Merchants Gain JCB Acceptance Through Nuvei

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

Alternative Payment Methods APACS Debit Card Volume

BitGo Secures MAS License to Offer Crypto Services in Singapore

Fintech News

AUGUST 12, 2024

Crypto custodian BitGo has obtained the Major Payment Institution license from the Monetary Authority of Singapore (MAS). This approval follows an in-principle nod received earlier this year and allows BitGo to offer regulated digital payment token services in Singapore.

Security

Security Regulations Payments Institute On-Demand

Hex Trust Receives MAS’ Initial Approval for Crypto Payment Services License

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 Alessio Quaglini, Co-Founder and CEO of Hex Trust Group.

Payments

Payments Consumer Protection Authorization On-Demand

JST Digital’s Singapore Arm Gets In-Principle Approval for Crypto Payment Services

Fintech News

SEPTEMBER 8, 2024

JST Digital, a financial services firm focused on digital assets, announced that its Singapore subsidiary has received in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) licence. JST Singapore provides market-making, trade execution, and bespoke financial solutions. .”

Payments

Payments On-Demand Payments Institute Authorization

Nuvei Expands Footprint in LatAm and Brazil with Pay2All Acquisition

The Fintech Times

AUGUST 5, 2024

Nuvei Corporation (Nuvei), the Canadian fintech, is enhancing its capability in Brazil as it acquires Pay2All Instituição de Pagamento Ltda. Pay2All), a licensed payment institution authorised by the Central Bank of Brazil. Further strategic expansion in LATAM is scheduled to follow.

Payments Institute

Payments Institute Central Bank Acquirers Issuers

Singapore Offers Visa’s Currencycloud In-Principle Approval for MPI License

Finovate

MARCH 7, 2024

Currencycloud was offered In-Principle Approval to serve as a Major Payment Institution license holder in Singapore. “The IPA for a Major Payment Institution License is testament to the strength of the Currencycloud brand,” said Currencycloud Managing Director of APAC Rohit Narang. Mike Laven is CEO.

Multi-Currency

Multi-Currency Cross-Border APACS Cross-Border Payments

OKX Names Yuri Mushkin as Global Chief Risk Officer

Fintech News

OCTOBER 15, 2024

OKX recently launched operations in the UAE and its Singapore entity obtained a Major Payment Institution license in September. ” Featured image credit: Edited from Freepik The post OKX Names Yuri Mushkin as Global Chief Risk Officer appeared first on Fintech Singapore.

Risk

Risk Risk Management Payments Institute Cryptocurrency

QCP Trading Moves Toward Regulated Crypto Spot Trading with MAS Approval

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). ” added Melvin Deng, Chief Executive Officer of QCP Trading.

Regulations

Regulations Payment APIs and Integration Settlement Stablecoins

HitPay Secures Payment License from MAS

Fintech News

JUNE 4, 2024

HitPay, a Singapore-based commerce platform for SMEs, has secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). The post HitPay Secures Payment License from MAS appeared first on Fintech Singapore.

SDN

SDN Security Cross-Border Payments

Aspire Gets In-Principle Nod From MAS for Payments License

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). The post Aspire Gets In-Principle Nod From MAS for Payments License appeared first on Fintech Singapore.

Payments

Payments International Payments Payments Institute Security

Ripple Acquires Standard Custody, Names Jack McDonald as Stablecoin Lead

Fintech News

JUNE 11, 2024

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. With the acquisition, Ripple adds a limited purpose trust company regulated by the New York Department of Financial Services to its licenses.

Stablecoins

Stablecoins Acquirers Regulatory Compliance Central Bank

Alchemy Pay Invests in LaPay to Leverage Its UK Payment License

Fintech News

MARCH 31, 2024

Alchemy Pay, a global crypto payment service provider, has invested in UK-based fintech LaPay to expand its global Web 3.o o payment solutions. payment solution provider on a global scale, but today, our investment in LaPay gives us increased reach and new opportunities in the UK and global market.

Web 3.0

Web 3.0 Payment APIs and Integration Stablecoins Payments

Nium Sets Sights on Latin America Expansion with Focus on Brazil

Fintech News

AUGUST 12, 2024

Global payments company Nium is enhancing its presence in Latin America, with a focus on expanding its operations in Brazil. The company has recently applied for a Payment Institution License in Brazil, which will allow it to offer payment services, including managing funds in BRL and facilitating real-time payments through the Pix system.

Cross-Border

Cross-Border Cross-Border Payments Correspondent Bank Real Time Payments

TerraPay Gets MAS Green Light for Payment License

Fintech News

APRIL 7, 2024

Payments infrastructure company TerraPay has been awarded a Major Payment Institution (MPI) License by the Monetary Authority of Singapore (MAS). Featured image credit: Edited from Freepik The post TerraPay Gets MAS Green Light for Payment License appeared first on Fintech Singapore.

Cross-Border Payments

Cross-Border Payments Cross-Border Payments Authorization

Fave Singapore Gets In-Principle Approval for Payments License

Fintech News

JULY 9, 2024

and part of the Pine Labs group, has received in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license. The company also collaborates with DBS Bank, Google Pay, United Overseas Bank, and Singtel Dash as part of its loyalty program to enable interoperable payments.

Interoperability

Interoperability Payments Payments Institute Facilitators

PayRetailers Acquires Payment Company Transfeera in a Strategic Move to Expand Its Business in Brazil

Fintech Finance

MAY 23, 2024

PayRetailers , one of the leading fintechs in payments in Latin America, announces the acquisition of Transfeera , a regulated payment institution in Brazil. The post PayRetailers Acquires Payment Company Transfeera in a Strategic Move to Expand Its Business in Brazil appeared first on Fintech Finance.

Acquirers

Acquirers Central Bank Payments Institute Best Practices

Anchorage Digital Gets MAS License for Crypto Services in Singapore

Fintech News

NOVEMBER 3, 2024

Anchorage Digital Singapore, a crypto platform, has obtained a Major Payment Institution license from the Monetary Authority of Singapore (MAS). This licence allows the company to expand its services to include custody, staking, trading, settlement, and fiat on and off ramps for global institutions.

On-Demand

On-Demand Settlement Regulations Payments Institute

Qashier Granted In-Principle Approval for Payments License From MAS

Fintech News

APRIL 22, 2024

Singapore-based fintech startup Qashier has received in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license. Featured image credit: Edited from Freepik The post Qashier Granted In-Principle Approval for Payments License From MAS appeared first on Fintech Singapore.

Cross-Border

Cross-Border Cross-Border Payments Payments Payments Institute

Mastercard Collaborates With Tap Payments on First Global Launch of ‘Click to Pay’ With Payment Passkey Service for Ecommerce

Fintech Finance

NOVEMBER 12, 2024

Mastercard has partnered with Tap Payments, one of the leading payment institutions and technology providers in the Middle East and North Africa, to introduce a global-first Click to Pay with Payment Passkey service for secure ecommerce transactions.

Visa

Visa Gateways Authentication Payment Gateways

HashKey OTC Gets In-Principle Nod for DPT Services in Singapore

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

Accreditation Regulatory Compliance Settlement Digital Payments

Spendesk Officially Launches Its Own Payment Institution: Spendesk Financial Services

Nuvei Agrees to Acquire Licensed Payment Institution in Brazil

JST Digital Obtains In-Principle Approval for a Major Payment Institution Licence from MAS

Webinars

Aspire Receives in-principle Approval for Major Payment Institution License From Monetary Authority of Singapore

How Ireland, Lithuania and the Netherlands are competing to win fintechs post-Brexit

Qashier Awarded In-Principle Approval for a Major Payment Institution Licence (MPI)

Nium is the Sole Asian Fintech on the Latest Forbes Fintech 50 List

Worldline Group’s subsidiary obtains ‘Major Payment Institution’ licence for Singapore

8 Southeast Asian Fintechs Featured in Forbes Asia 100 to Watch List

XTransfer Showcases Cross-Border Payment Solutions at SFF 2024

Alchemy Pay Invests in UK Fintech LaPay and Secures API License as Part of Global Web3 Expansion

MAS Grants Gemini In-Principle Approval for Crypto Payment License

OKX Partners DBS to Enable Free, Instant SGD Deposits and Withdrawals

FOMO Pay and BNY to Streamline USD Payment Services for Corporate Clients

This Week in Fintech: TFT Bi-Weekly News Roundup 02/07

MAS Awards HashKey OTC License for Crypto Payments

dtcpay Announces Shift to Stablecoin-Only Payment Services by 2025

Razer Gold Gets In-Principle Nod for Payment License in Singapore

What Is DORA Legislation? A Guide For Banks, Fintechs & Financial Institutions

CBI and Banfico Partner to Expand Global Reach of Verification of Payee Service

Currencycloud Gets In-Principle Approval for Payments License From MAS

6 Asian Companies Recognized Among the World’s Most Promising in Cross-Border Payments

OKX Singapore Gets Crypto Payments License, Names Grab Alum as CEO

Currencycloud Facilitates Seamless Cross-Border Payments with Singapore MPI Licence

Singapore, Hong Kong Merchants Gain JCB Acceptance Through Nuvei

BitGo Secures MAS License to Offer Crypto Services in Singapore

Hex Trust Receives MAS’ Initial Approval for Crypto Payment Services License

JST Digital’s Singapore Arm Gets In-Principle Approval for Crypto Payment Services

Nuvei Expands Footprint in LatAm and Brazil with Pay2All Acquisition

Singapore Offers Visa’s Currencycloud In-Principle Approval for MPI License

OKX Names Yuri Mushkin as Global Chief Risk Officer

QCP Trading Moves Toward Regulated Crypto Spot Trading with MAS Approval

HitPay Secures Payment License from MAS

Aspire Gets In-Principle Nod From MAS for Payments License

Ripple Acquires Standard Custody, Names Jack McDonald as Stablecoin Lead

Alchemy Pay Invests in LaPay to Leverage Its UK Payment License

Nium Sets Sights on Latin America Expansion with Focus on Brazil

TerraPay Gets MAS Green Light for Payment License

Fave Singapore Gets In-Principle Approval for Payments License

PayRetailers Acquires Payment Company Transfeera in a Strategic Move to Expand Its Business in Brazil

Anchorage Digital Gets MAS License for Crypto Services in Singapore

Qashier Granted In-Principle Approval for Payments License From MAS

Mastercard Collaborates With Tap Payments on First Global Launch of ‘Click to Pay’ With Payment Passkey Service for Ecommerce

HashKey OTC Gets In-Principle Nod for DPT Services in Singapore

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