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With competitive FX rates, multi-currency wallets, and a strong focus on compliance, Airwallex gives us the confidence to bring this product to market at scale. Regulated across multiple jurisdictions, including by the UK’s Financial Conduct Authority , it enables payouts in over 150 countries and more than 46 currencies.
With competitive FX rates, multi-currency wallets, and a strong focus on compliance, Airwallex gives us the confidence to bring this product to market at scale. Businesses can also receive payments using local bank details in 12 countries and over 20 currencies. billion and surpassed $800M ARR.
Home Announcements Payments Dext and Airwallex introduce cross-border payment routing and accounting for SMEs External This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. It expresses the views and opinions of the author.
Payments regulation roadmap: Q3 2025 18 July 2025 by Payments Intelligence Introduction Regulatory developments continue apace in the payments industry, ushering in a period of intensified complexity and strategic significance.
In celebration of this year’s International Women’s Day on 8 March, the Fintech News Network is unveiling its selection of ten of the most influential female fintech leaders in Asia Pacific (APAC). Their influence goes beyond their own organisations, significantly impacting the fintech sector across the entire APAC region.
. “Having the license would allow us to integrate with the robust financial network in Singapore and collaborate with valuable industry players,” said the company’s Managing Director of APAC Rohit Narang. ” Founded in 2012, Currencycloud facilitates cross-border, multi-currency transactions.
Currencycloud, a Visa solution, is granted preliminary approval for a major payment licence from the Monetary Authority of Singapore (MAS). For businesses in Singapore, customers can make conversions and payouts in their respective time zones and local currencies.
That, then evolved into multi-currency wallets and the ability to hold multiple currencies. Rohit highlighted key trends including forward-looking regulatory regimes, such as the Monetary Authority of Singapore (MAS), which enables tech players to operate under regulatory oversight, fostering innovation and competition.
Currencycloud , a Visa solution and the experts in simplifying business in a multi-currency world, has obtained an In-Principle Approval (IPA) for a Major Payment Institution (MPI) licence holder from the Monetary Authority of Singapore (MAS).
Previously called “Cardlite,” the solution will enable BOCHK to enhance the customer experience with new offerings, including its multi-currency Mastercard debit card. In July, the firm was one of the first companies to be admitted to the stablecoin issuer sandbox by the Hong Kong Monetary Authority.
The 2024 winners were selected by a panel of key industry players representing organizations such as KKR, Granite Asia (formerly GGV Capital), Singapore’s InfoComm Media Development Authority (IMDA), Singapore Business Federation, Singapore-based global investor EDBI, SGX Group, DBS Bank, Northstar Group, and 65 Equity Partners.
It also comes a payment card which allows users to spend their crypto directly in fiat currency. The company says its fintech solutions are used by more than 22,000 firms and SMEs around the world, making it one of the leading payment services providers in Asia-Pacific (APAC) and the US.
Its platform offers real-time payments, multi-currency account management, automated hedging, and competitive FX rates. Finmo secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore in August 2023. ” said Ganesh Rengaswamy, Co-Founder and Managing Partner at Quona.
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