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BC Payments Pte. Ltd. Secures In-Principle Approval for Major Payment Institution License from MAS

Fintech Finance

(Banking Circle), a Luxembourg licenced bank and a leading international provider of next-generation banking services, is pleased to announce that its wholly owned subsidiary BC Payments Pte. This IPA marks a significant milestone for BC Payments Singapore. The post BC Payments Pte.

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dtcpay Announces Shift to Stablecoin-Only Payment Services by 2025

Fintech News

These include the 2022 SFF Global Fintech Award, 2023 Best Cryptocurrency Payment Company by APAC Insider, 2024 PayTech of the Year and Disruptor of the Year at the Asia Fintech Awards, and a 6th place ranking on Hoptrail’s Global Anti-Money Laundering (AML) Leaderboard.

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MAS Fines Five Payment Firms S$960,000 Over AML/CFT Control Failures

Fintech News

The Monetary Authority of Singapore (MAS) has imposed a total of S$960,000 in composition penalties on five licensed Major Payment Institutions (MPIs) for breaching anti-money laundering and countering the financing of terrorism (AML/CFT) regulations.

AML
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Banking Circle’s BC Payments Gets In-Principle Nod for Payment License

Fintech News

BC Payments, a Singapore-based subsidiary of Luxembourg-licensed bank Banking Circle , has received in-principle approval (IPA) from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license. Banking Circle is regulated by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg.

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Zimpler becomes a Certified Payment Institution in Brazil

The Paypers

Following this announcement, Zimpler will have the possibility to facilitate payments and other Open Finance ecosystem resources, as well as streamlining the checkout process and reducing friction by allowing direct transactions without redirecting users to bank apps.

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Atoa Payments Secures FCA Authorisation: a ‘Springboard’ to Slash Payment Processing Costs

The Fintech Times

The UK’s Financial Conduct Authority (FCA) has approved Atoa Payments , an open banking-enabled payments provider, to operate as an Authorised Payment Institution (API). Now, with FCA authorisation, Atoa is accelerating its mission to bring fast, secure, and cost-effective payments to larger enterprises.

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Anchorage Digital Gets MAS License for Crypto Services in Singapore

Fintech News

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.