Fintech Finance

OCTOBER 15, 2024

Aspire , a Singapore-headquartered all-in-one finance platform for modern businesses, today announced that it has received in-principle approval (IPA) for the Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS).

Payments Institute 98

Payments Institute Authorization Payments Finance 98

Fintech News

OCTOBER 27, 2024

The Monetary Authority of Singapore (MAS) and the Infocomm Media Development Authority (IMDA) will implement the Shared Responsibility Framework (SRF) for phishing scams on 16 December 2024. Compliance will be assessed based on telcos’ ability to block SMS messages containing URLs flagged by the police as malicious.

Phishing 135

Phishing Scams Blocks Authorization 135

Fintech News

MAY 12, 2025

The move comes as Anchorage Digital looks to expand its stablecoin offering amid growing institutional demand and evolving U.S. Mountain Protocol is regulated by the Bermuda Monetary Authority and is backed by Multicoin Capital, having recently raised US$8 million in a Series A round. regulatory clarity.

Stablecoins 83

Stablecoins Issuers Acquirers Regulatory Compliance 83

The Payments Association

JANUARY 13, 2025

The FCA’s proposed safeguarding reforms for payments and e-money firms, aiming to enhance consumer protection and operational compliance. Firms must invest in compliance, adapt workflows, and advocate for fair regulations. Why is it important? What’s next?

Compliance 88

Compliance Audit Legal Reconciliation 88

The Fintech Times

MARCH 28, 2025

Looking to bridge the world of fiat and digital currencies, Fipto , a blockchain-based payment infrastructure, is looking to make it easier for firms to integrate stablecoins and optimise existing global payment flows using blockchain. The firm is also a licensed Virtual Asset Service Provider (VASP) in Luxembourg.

Stablecoins 64

Stablecoins Security Accreditation Digital Currency 64

Fintech News

OCTOBER 31, 2024

Its platform covers payments in 173+ countries with local payment options in 70+ markets and offers global business accounts in 60+ currencies. Triple-A is another Singaporean company included in FXC Intelligence’s Global Most Promising Cross-Border Payments Companies 2024 list. It claims more than 20,000 business customers.

Cross-Border Payments 133

Cross-Border Payments Cross-Border Payment APIs and Integration Multi-Currency 133

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

The Payments Association

MAY 23, 2025

PEXA, the world’s leading digital property exchange platform, today announced that the Financial Conduct Authority (FCA) has approved its application to become an authorised payment institution (API). Were here for the long term, with security, stability, and partnership front of mind.

Product 88

Product Facilitators Settlement Transactions 88

Fintech News

MARCH 18, 2025

The Monetary Authority of Singapore (MAS) has granted FlexM , a global fintech conglomerate, a Major Payment Institution (MPI) license. FlexM provides financial technology solutions to other financial institutions, covering payments, merchant acquisition, remittances, and regulatory compliance.

Cross-Border 71

Cross-Border Regulatory Compliance Financial Inclusion Payments 71

Fintech News

JANUARY 20, 2025

The Monetary Authority of Singapore (MAS) keeps the market secure through rules that protect investors while encouraging growth. This ensures transparency, security, and independence from central authorities like banks or governments. Youre in the right place. They facilitate transactions between buyers and sellers.

Cryptocurrency 113

Cryptocurrency Credit Cards Verification Blockchain 113

The Fintech Times

FEBRUARY 8, 2025

Tuma Ventures Limited, the payments company regulated by the Financial Conduct Authority (FCA), has now secured approval as a licensed Payment System Provider (PSP) from the Bank of Tanzania. It demonstrates the companys commitment to regulatory compliance, innovation, and excellence in financial services across its markets.

Security 59

Security Cross-Border Financial Inclusion Cross-Border Payments 59

Fintech News

JULY 23, 2024

Hex Trust, a Hong Kong-based digital asset custodian, announced it has received in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license. said Calvin Shen, Managing Director, Hex Trust. said Calvin Shen, Managing Director, Hex Trust.

Payments 117

Payments Consumer Protection Authorization On-Demand 117

Fintech News

SEPTEMBER 1, 2024

The Singapore subsidiary of crypto exchange OKX has received a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license allows OKX to offer a broader range of digital payment services in compliance with local regulations.

Payments 125

Payments Regulations Payments Institute Authorization 125

Fintech News

MARCH 6, 2024

Cryptocurrency exchange Bitstamp announced it has obtained an in-principle approval from the Monetary Authority of Singapore (MAS) to operate under the Major Payment Institution license. This regulatory milestone allows Bitstamp to offer digital payment token services in compliance with the Payment Services Act in Singapore.

Security 109

Security APACS Regulatory Compliance Compliance 109

The Fintech Times

JANUARY 8, 2025

The Monetary Authority of Singapore (MAS) has grantedChina-based B2B cross-border trade payment platform, XTransfer , a Major Payment Institution (MPI) licence, enabling it to provide a range of money transfer services in the region.

Cross-Border Payments 59

Cross-Border Payments Cross-Border Payment Solutions Security 59

Fintech News

JUNE 11, 2024

This move aims to enhance Ripple ‘s product offerings and explore new ventures like stablecoins while maintaining regulatory compliance. money transmitter licenses, a Major Payment Institution License from the Monetary Authority of Singapore , and a Virtual Asset Service Provider registration with the Central Bank of Ireland.

Stablecoins 113

Stablecoins Acquirers Regulatory Compliance Central Bank 113

Fintech News

JULY 16, 2024

StraitsX, a digital asset payments infrastructure provider in Southeast Asia, has received Major Payment Institution (MPI) licenses from the Monetary Authority of Singapore (MAS). and StraitsX Payment Services Pte. The licenses were issued to StraitsX USD Issuance Pte. StraitsX SGD Issuance Pte.

Stablecoins 113

Stablecoins Security Cross-Border Settlement 113

Neopay

FEBRUARY 5, 2025

The Financial Conduct Authority (FCA) has issued a new Dear CEO letter (dated 3rd February 2025) outlining its priorities for firms within the payments sector. Risk-based and delayed payments : Firms must apply new payment delay legislation responsibly, balancing fraud prevention with minimal disruption to legitimate transactions.

Fraud Prevention 52

Fraud Prevention Financial Crimes Compliance Payments 52

Fintech News

OCTOBER 14, 2024

Aspire, a Singapore-based finance platform for businesses, has secured in-principle approval for a Major Payment Institution license from the Monetary Authority of Singapore (MAS). As we continue to scale, our commitment to security and compliance remains at the core of everything we do.”

Payments 108

Payments International Payments Payments Institute Security 108

Fintech News

AUGUST 28, 2024

FlexM, a fintech company known for its Fintech-as-a-Service (FaaS) platform, has received in-principle approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This development follows FlexM’s recent approval of a Payment Service Provider license from FINTRAC in Canada.

Cross-Border 108

Cross-Border Regulatory Compliance Payments Payments Institute 108

Fintech News

FEBRUARY 28, 2024

HashKey Technology Services, the over-the-counter (OTC) trading division of the HashKey Group , has secured in-principle approval from the Monetary Authority of Singapore (MAS) for its application for a Major Payment Institution license. This license will enable HashKey OTC to provide digital payment token services.

Accreditation 117

Accreditation Regulatory Compliance Digital Payments Settlement 117

Open Banking Excellence

SEPTEMBER 21, 2023

Cybersecurity experts Duncan McDonald, Global Head of Compliance Services & Wayne Scott, Regulatory Compliance Lead, from The NCC Group explain how to prepare for DORA compliance and why the new legislation will enhance cyber resilience across the financial sector and its supply chain. compliance.

FinTech 130

FinTech Compliance Regulations Non-Bank 130

Fintech News

NOVEMBER 10, 2024

QCP Trading, a provider of over-the-counter (OTC) spot trading services for digital assets, has been granted in-principle approval for a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS).

Regulations 105

Regulations Payment APIs and Integration Settlement Stablecoins 105

Fintech News

MAY 12, 2024

XREX Singapore, a blockchain-enabled financial institution specialising in cross-border payments, has been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS).

Cross-Border 113

Cross-Border Cross-Border Payments Travel Rule Regulatory Compliance 113

Fintech News

MARCH 12, 2024

has been accorded in-principle approval for a Major Payment Institution License by the Monetary Authority of Singapore (MAS). This approval will permit OKX to engage in the provision of digital payment token (DPT) and cross-border money transfer services in Singapore, in compliance with the Payment Services Act 2019.

Cross-Border 117

Cross-Border Regulatory Compliance Best Practices Cryptocurrency 117

Fintech News

APRIL 7, 2024

The stablecoin aims to improve the customer experience in payments and represents a significant use case in emerging markets for stablecoin disbursements. A “compliance-first” approach underscores Ripple’s commitment to adhering to regulatory standards worldwide.

Stablecoins 122

Stablecoins Use Case Blockchain Regulatory Compliance 122

Fintech News

FEBRUARY 25, 2024

HitPay, a provider of commerce infrastructure for small businesses, has received in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) License. The attainment of the MPI license will enable HitPay to introduce new services aimed at simplifying payment processing for merchants.

Cross-Border 109

Cross-Border Small Business Payments Payments Institute 109

The Fintech Times

MAY 31, 2025

.” Founded in Singapore in 2021, Finmo’s all-in-one platform offers real-time payment capabilities, cash flow visibility, foreign exchange (FX) risk management, compliance automation, and liquidity optimisation. Finmo holds a Major Payment Institution (MPI) licence from the Singaporean authorities.

APACS 51

APACS FinTech Treasury Issuers 51

Fintech Finance

AUGUST 12, 2024

This continued expansion is a step towards Nium’s commitment to revolutionizing the global payments landscape in this strategic region. Additionally, Nium is seeking FX authorization in Brazil to enhance its foreign exchange transaction capabilities.

Real Time Payments 98

Real Time Payments Cross-Border Payments Cross-Border Central Bank 98

Finovate

JANUARY 10, 2025

In a statement, the company said that the funding will help “accelerate our mission to help merchants dramatically grow their marketing lists while maintaining ironclad data privacy compliance.” Latin American cross-border payments platform dLocal secured an authorized payment institution license from the U.K.’s

Innovation 64

Innovation Cross-Border Payments Payments Cross-Border 64

The Payments Association

JANUARY 30, 2025

For most businesses, applying for a license from the UK Financial Conduct Authority (FCA) is the first step when providing payment services. Lower compliance costs : Avoiding regulatory burdens reduces operational expenses.

Consulting 88

Consulting Compliance Payments Regulations 88

Fintech News

FEBRUARY 18, 2024

This collaboration helps dtcpay balance speed and compliance as they expand across Asia and beyond. As Sumsub gears up for its participation in Seamless Asia, this partnership serves as a beacon for businesses seeking to navigate the complexities of digital payments verification.

Verification 120

Verification Travel Rule Multi-Currency Compliance 120

Fintech Finance

MARCH 28, 2024

Alchemy Pay, the leading global Web3 payment solution provider, has revealed its investment in LaPay UK Ltd, a UK-based fintech dedicated to facilitating international business growth for companies. Hong Kong, Singapore, Australia, and South Korea.

Payment APIs and Integration 97

Payment APIs and Integration API FinTech Security 97

Fintech Finance

MAY 28, 2025

Founded in Singapore in 2021, Finmo ‘s all-in-one platform offers real-time payment capabilities, cash flow visibility, foreign exchange (FX) risk management, compliance automation, and liquidity optimisation.

APACS 92

APACS Treasury Issuers Payments 92

The Fintech Times

MARCH 18, 2025

In 2025, PagBrasil received authorisation from the Central Bank of Brazil to operate as a payment institution (PI) in the electronic money issuer category. This feature, being implemented by Pix system participants (banks, payment institutions, etc.), This experience becomes available from the second payment onward.

Online and Mobile Banking 64

Online and Mobile Banking Central Bank Cross-Border Instant Payments 64

Fintech News

JANUARY 24, 2024

Each license allows the holder to conduct multiple specific payment services. Data from MAS’ Financial Institutions Directory show that as of August 01, 2022, 231 Money-Changing, 13 Standard Payment Institutions, and 175 Major Payment Institution licenses had been issued.

Service Provider 98

Service Provider Cryptocurrency Payments Institute Blockchain 98

Neopay

MAY 31, 2024

The Financial Conduct Authority (FCA) significantly increased its anti-money laundering (AML) and counter-terrorist financing (CTF) supervision activity in 2022-23. Click here to enlarge How Neopay can help At Neopay we offer specialised expertise and solutions to address the identified weaknesses in AML/CFT measures in payment institutions.

Financial Crimes 52

Financial Crimes AML Money Laundering Crime 52