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Reap Receives In-Principle Approval for Major Payment Institution License from Monetary Authority of Singapore

Fintech Finance

Reap , a leading payment technology provider, is thrilled to announce today that it has received an In-Principle Approval (IPA) from the Monetary Authority of Singapore (MAS) for its application of the Major Payment Institution (MPI) License for its Singapore entity, Reap Singapore. Obtaining the IPA marks a significant milestone for Reap.

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MAS Grants Gemini In-Principle Approval for Crypto Payment License

Fintech News

Crypto exchange Gemini has received in-principle approval (IPA) from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license. Gemini shared in a statement, “Singapore has long been the heart of our operations in APAC.

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MAS-Led Forum Conducts Cloud Outage Exercise in Response to Growing Risks

Fintech News

APAC financial regulators and cloud providers recently conducted a first-of-its-kind crisis management exercise simulating a large-scale public cloud outage impacting the region’s financial sectors.

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Forrester Report: The Future of APAC Payments

Fintech News

In Asia-Pacific (APAC), the payment landscape is rapidly evolving, driven by the integration of advanced technologies, growing use of alternative payment methods and the rise of digital currencies. APAC leads the world in digital wallet adoption.

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Key Trends Shaping Cross-Border Payments in APAC

Fintech News

A new report by Deloitte delves into the latest developments in the cross-border payment sector in Asia-Pacific (APAC), identifying four major trends reshaping the landscape and offering significant opportunities for merchants. The APAC region led this trend, contributing nearly two-thirds of global spending, with a combined US$9.8

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Former Grab Leader Saad Ahmed to Spearhead Gemini’s APAC Expansion

Fintech News

Gemini, an American crypto exchange founded by twins Tyler and Cameron Winklevoss, has announced the appointment of Saad Ahmed as the new Head of Asia Pacific (APAC). The former APAC chief Jeremy Ng left the company back in December 2021. He will also be responsible for overseeing the profitability and growth within the region.

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Here’s How 10 APAC Markets Are Approaching Crypto Regulation

Fintech News

2023 marked a pivotal year in the Asia-Pacific (APAC) region’s approach to crypto regulation, influenced significantly by the preceding implosion of Sam Bankman-Fried’s FTX exchange and the collapse of of Terra, the algorithmic stablecoin created by Korean entrepreneur Do Kwon. This transition is currently in progress.

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