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

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 52

Payments Institute Cross-Border Cross-Border Payments Payments 52

The Paypers

AUGUST 5, 2024

Nuvei has announced a definitive agreement to acquire Pay2All a payment institution licensed by the Central Bank of Brazil.

Payments Institute 36

Payments Institute Acquirers Central Bank Agreements 36

The Paypers

MAY 3, 2022

Singapore-based ecommerce platform Shopee has gotten authorisation from Brazil’s central bank to operate as a payment institution.

Payments Institute 76

Payments Institute Central Bank Payments 76

The Paypers

JULY 26, 2024

Zro Bank , a cryptocurrency payment company and IP4Y an issuer of electronic currency, have received authorisation from the Central Bank (BC) to become payment institutions.

Payments Institute 36

Payments Institute Central Bank Issuers Cryptocurrency 36

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 52

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

Finextra

NOVEMBER 28, 2023

Worldline (Euronext: WLN), a global leader in payment services, announces it has been granted Payment Institution Authorisation by the Financial Conduct Authority (FCA).

Payments Institute 40

Payments Institute Payments Authorization 40

The Nilson Report

APRIL 5, 2024

The post Currencycloud Granted ‘In-Principle Approval’ for Major Payment Institution License by the Monetary Authority of Singapore appeared first on Nilson Report.

Payments Institute 52

Payments Institute Authorization Payments Posting 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

The Paypers

MARCH 9, 2023

UK-based fintech Paytrix has announced the receipt of a payments institution licence which enables it to deliver regulated global payments solutions to businesses.

Payments Institute 36

Payments Institute Payments Global Payments Payment Solutions 36

Finextra

JANUARY 10, 2024

has received in-principle approval (IPA) from the Monetary Authority of Singapore (MAS) for a Major Payment Institution Licence. BitGo, the leading provider of financial services for digital assets, announces that its subsidiary in Singapore, BitGo Singapore Pte.

Payments Institute 49

Payments Institute Authorization Payments 49

The Paypers

DECEMBER 9, 2022

Google Pay has received a license to operate as a payment institution in Brazil, allowing it to initiate payment transactions.

Payments Institute 69

Payments Institute Central Bank Payments Transactions 69

The Paypers

NOVEMBER 28, 2023

Payment services provider Worldline has announced it was granted Payment Institution Authorisation by the Financial Conduct Authority (FCA) in the UK.

Payments Institute 45

Payments Institute Authorization Payments Service Provider 45

The Paypers

NOVEMBER 13, 2023

Brazil-based financial services company Zoop has become a licenced payments institution following an authorisation from the local Central Bank.

Payments Institute 36

Payments Institute Central Bank Payments 36

The Nilson Report

DECEMBER 13, 2023

The post Worldline Subsidiary Obtains ‘Major Payment Institution’ License for Singapore appeared first on Nilson Report.

Payments Institute 40

Payments Institute Payments Posting 40

The Paypers

OCTOBER 3, 2023

The Singapore branch of Sygnum has obtained a Major Payment Institution Licence from the Monetary Authority of Singapore.

Payments Institute 36

Payments Institute Authorization Payments 36

The Paypers

JULY 21, 2023

dLocal has been licensed as a payments institution by the central bank of Brazil, enabling it to offer a suite of financial services and take part in Pix.

Central Bank 36

Central Bank Payments Institute Payments 36

The Paypers

DECEMBER 16, 2022

Crypto.com has become the first cryptocurrency exchange to receive a Payment Institution Licence from the Central Bank of Brazil.

Payments Institute 36

Payments Institute Central Bank Cryptocurrency Payments 36

The Paypers

OCTOBER 14, 2024

Token Payment Services ( TOKEN ) has announced that it obtained its authorisation from the National Bank of Romania (NBR), allowing the company to accept online payment operations at physical POS.

Payments Institute 36

Payments Institute Security Payments 36

The Paypers

NOVEMBER 23, 2021

Switzerland-based fintech Amnis has received a payment institution license from the Principality of Liechtenstein.

Payments Institute 48

Payments Institute Payments FinTech 48

Payments Dive

MARCH 14, 2017

Given the possibility of the upcoming UK's withdrawal from the EU, Lithuania has offered an interesting proposal for licensing of payment institution.

Payments Institute 60

Payments Institute Payments 60

The Paypers

JUNE 4, 2020

Enfuce , a large Finland-based fintech startup, has been accredited as an authorised payment institution by the Finnish Financial Supervisory Authority (FIN-FSA).

Payments Institute 28

Payments Institute Accreditation Authorization Payments 28

The Paypers

DECEMBER 21, 2020

Singapore-based payments processing services company COMO Group has acquired ONPEX , a Luxembourg-based payment institution.

Payments Institute 28

Payments Institute Acquirers Payments Process 28

The Paypers

AUGUST 23, 2019

(The Paypers) The Dutch National Bank has granted 2Checkout , a global monetisation platform for global businesses, a PSD2 Payment Institution license.

Payments Institute 40

Payments Institute Payments 40

The Paypers

APRIL 1, 2021

Trust Payments has announced that the UK’s Financial Conduct Authority has granted its subsidiary, TrustUK Payments, an Authorised Payment Institution License.

Payments Institute 28

Payments Institute Payments Authorization 28

The Paypers

JULY 9, 2019

(The Paypers) The European Banking Authority has published a report on the impact of FinTech on payment institutions' and electronic money institutions' business models.

Payments Institute 28

Payments Institute Assessments FinTech Authorization 28

Payments Dive

APRIL 3, 2017

When choosing the jurisdiction for future payment business it is necessary to consider a large number of different aspects: these are license cost, license acquisition time, office costs and salary of employees in the licensing country (requirements of each regulator provide for at least one staffed operating office).

Payments Institute 60

Payments Institute Payments Regulations 60

The Paypers

JANUARY 16, 2018

(The Paypers) SafeCharge , a payments service provider, has been authorised by the Financial Conduct Authority (the "FCA") as a Payment Institution.

Payments Institute 28

Payments Institute Payments Authorization Service Provider 28

Finextra

NOVEMBER 12, 2024

FOMO Pay, a leading Singapore-headquartered major payment institution, has announced a strategic collaboration with Mastercard to launch its Tap on Phone payment solution, FOMO SoftPOS.

Visa 52

Visa Payments Institute Payment Solutions Payments 52

The Paypers

JULY 17, 2018

(The Paypers) Lemon Way , the pan-European payment institution regulated by the ACPR - Banque de France, has announced a EUR 10 million funding round.

Payments Institute 28

Payments Institute Payments Regulations 28

The Paypers

MAY 29, 2020

The Bank of Lithuania has prepared and approved its position on the right of electronic money institutions (EMIs) and payment institutions (PIs) to access bank accounts opened with credit institutions.

Payments Institute 28

Payments Institute Accounts Payments 28

Finextra

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 52

Visa Payments Institute Payments Transactions 52

PYMNTS

JANUARY 19, 2017

Geoswift, a provider of cross-border payment solutions between China and the rest of the world, announced Wednesday (Jan. unit, Geoswift UK, has received authorization as a payment institution from the Financial Conduct Authority (FCA). 18) that its U.K.

Payments Institute 40

Payments Institute Authorization Cross-Border Cross-Border Payments 40

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 99

APACS Regulatory Compliance Cross-Border Payments 99

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 91

Payments Institute Payments SWIFT Settlement 91

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.

Multi-Currency 86

Multi-Currency Cross-Border APACS Financial Inclusion 86

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 86

Cross-Border Verification Payments Institute Participant 86