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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. ” stated Kevin Kang, Co-Founder of Reap.

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dtcpay Announces Shift to Stablecoin-Only Payment Services by 2025

Fintech News

By focusing on stablecoins, dtcpay aims to provide a more secure, predictable, and regulatory-compliant payment solution for businesses and consumers. dollar, offering enhanced trust and security as a less volatile and speculative alternative for digital transactions. These stablecoins are pegged to fiat currencies like the U.S.

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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. This approval allows Gemini to provide cross-border money transfer and digital payment token services in Singapore.

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Finovate Global Ireland: Investing in Payments and Partnerships

Finovate

Nomupay Raises $40 Million at $290 Million Valuation Courtesy of an investment from SBPS, a subsidiary of Japan’s SoftBank, Irish fintech Nomupay has secured €35 million ($40 million) in new funding. Saudi Arabian fintech Nqoodlet secured $3 millioon in seed funding to help SMEs access financing. Indian fintech Spense secured $1.85

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Tribe Payments Joins Forces With Finmo to Deliver Services to Banks and Fintechs in APAC and Europe

The Fintech Times

By partnering with Finmo, Tribe Payments will combine its issuer and acquirer processing platform with Finmos treasury and financial management system, which is licensed to move and manage money across 180 countries. Finmo holds a Major Payment Institution (MPI) licence from the Singaporean authorities.

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Payments regulation roadmap: Q3 2025​

The Payments Association

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.

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Nuvei Secures Payments License from MAS to Expand Offerings in Singapore

Fintech News

Canadian payments firm Nuvei Corporation has secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore. The company that it will continue to invest in building its presence across APAC. ” said Philip Fayer, Nuvei’s Chair and CEO.