Fintech News

NOVEMBER 4, 2024

Razer Gold has received in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution license. This development marks a major step for the gaming-focused virtual credit platform as it prepares to expand its payment services in Singapore.

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Cross-Border Payments Payments Institute On-Demand 115

Fintech News

NOVEMBER 7, 2024

Facilitated by Deutsche Bank, the initiative allows Thai buyers to make local payments through PromptPay, which are seamlessly converted for exporters. XTransfer also received in-principle approval from the Monetary Authority of Singapore in July for a Major Payment Institution License.

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Cross-Border Payments Cross-Border Payment Solutions Payments 115

The Fintech Times

JANUARY 10, 2025

dLocal , a payment platform connecting merchants to emerging markets born out of Uruguay, has secured the UK Authorised Payment Institution (API) licence from the Financial Conduct Authority (FCA). With the licence, dLocal can now offer a comprehensive suite of regulated payment solutions to UK-based merchants.

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Payments Institute Security Alternative Payment Methods Cross-Border Payments 59

Fintech News

JANUARY 12, 2025

Reap, a Hong Kong-based payment technology provider, has received in-principle approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). Reap is also committed to building a strong payment service.” ” said Kevin Kang, Co-Founder of Reap.

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Cross-Border Payments Compliance Payments Institute 111

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. FIs have a six-month transition period to comply with this new duty before it becomes enforceable under the SRF.

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Phishing Scams Blocks Authorization 135

Fintech News

NOVEMBER 18, 2024

These changes come after OKX secured a Major Payment Institution license from the Monetary Authority of Singapore in September. The license enables OKX to provide digital payment token and cross-border money transfer services within the country.

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Cross-Border Verification Payments Institute Participant 119

Fintech News

JULY 7, 2025

ShopBack , a shopping and rewards platform in Asia-Pacific, has been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS). Issued under the Payment Services Act, the license permits ShopBack to provide regulated payment services through its payment product, ShopBack Pay.

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Payments Payments Institute Authorization Regulations 110

Fintech News

JUNE 29, 2025

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.

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AML Wire Transfer Money Laundering Cross-Border 66

Fintech News

JULY 1, 2025

HitPay, which serves over 15,000 small and medium-sized enterprises (SMEs), integrates online, point-of-sale, and B2B payments into a single system. The company recently secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), enabling it to expand into merchant acquisition and money transfer services.

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AML Transactions Money Laundering Compliance 87

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.

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

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.

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Stablecoins Security Accreditation Digital Currency 64

Fintech News

JUNE 1, 2025

StraitsX reports having processed over US$10 billion in on-chain stablecoin transactions and operates under a Major Payment Institution licence issued by the Monetary Authority of Singapore (MAS), covering six out of seven regulated payment services.

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Settlement Stablecoins Cross-Border Payment Gateways 76

Fintech News

MARCH 4, 2025

Fly Wing Technologies, a subsidiary of digital asset platform Matrixport , has received a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). The approval allows Fly Wing to continue building its role as a trusted over-the-counter (OTC) desk for digital payment token services in Singapore.

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Digital Payments Payments Payments Institute Facilitators 90

Fintech News

MARCH 23, 2025

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.

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Cross-Border Payments Cross-Border Multi-Currency Payments 80

Fintech News

JULY 6, 2025

Bitstamp by Robinhood has received its Major Payment Institution license from the Monetary Authority of Singapore (MAS). The MAS license authorises Bitstamp to offer regulated digital payment token services in Singapore. The firm previously shared plans to launch its offerings in the city-state by late 2025.

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ISOs Payments Institute API Authorization 110

Fintech News

JULY 15, 2025

Razer Gold has been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore, effective 1 July 2025. Adisorn Phonnarut “Receiving the Major Payment Institution License from the Monetary Authority of Singapore is a key milestone in Razer Gold’s growth journey.

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Cross-Border Payments Payments Institute Authorization 82

The Fintech Times

MARCH 18, 2025

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). By strengthening its technology and infrastructure, Atoa aims to provide even greater reliability and efficiency in payments.

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Processing Costs Payment Security Process Security 59

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. The post How to Buy Cryptocurrency in Singapore (2025) appeared first on Fintech Singapore.

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Cryptocurrency Credit Cards Verification Blockchain 116

Finovate

JUNE 9, 2025

The Bank of International Settlements (BIS) and the Bank of England (BoE) collaborate on testing to see if AI can spot fraudulent activity in retail payments data. Payments Zimpler earns status as a Certified Payment Institution in Brazil. Credit unions Triangle Credit Union to deploy Jack Henry’s Symitar platform.

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Credit Union FinTech Fraud Detection Verification 52

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.

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Stablecoins Issuers Acquirers Regulatory Compliance 90

Fintech Finance

JULY 2, 2025

HitPay, trusted by over 15,000 businesses, unifies online, point-of-sale, and B2B payments into a single, integrated payment processing system. This significant milestone underscores HitPay’s commitment to providing secure and efficient payment solutions for SMEs.

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Compliance Payment Security Security Payments 52

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. The post Tuma Ventures Secures PSP Licence From Bank of Tanzania appeared first on The Fintech Times.

Security 59

Security Cross-Border Financial Inclusion Cross-Border Payments 59

Finovate

JANUARY 10, 2025

Transcard has partnered with Xodus Travel Services to enhance digital payment experiences with its SMART Suite platform. The expansion into Canada comes a month after Transcard earned authorization from the U.K. Financial Conduct Authority (FCA) to serve as a payment institution in theU.K.

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Multi-Currency Real Time Payments Payments Push-to-Card 52

Fintech News

MARCH 18, 2025

The Monetary Authority of Singapore (MAS) has granted FlexM , a global fintech conglomerate, a Major Payment Institution (MPI) license. Featured image credit: Edited from Freepik The post FlexM Gets MAS Approval to Broaden Payment License Scope appeared first on Fintech Singapore.

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Cross-Border Regulatory Compliance Financial Inclusion Payments 76

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

NOVEMBER 3, 2024

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.

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On-Demand Settlement Regulations Payments Institute 118

Fintech News

JULY 14, 2025

USDG is issued by Paxos Digital Singapore, a Major Payments Institution regulated by the Monetary Authority of Singapore, and by Paxos Issuance Europe under the supervision of Finland’s Financial Supervisory Authority. ” said Jeff Ren, Founder of OKX Ventures.

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Stablecoins Cross-Border Payments Cross-Border Blockchain 108

The Fintech Times

MARCH 18, 2025

Moreover, Pix offers lower fees compared to traditional payment methods, with no risk of chargebacks, helping merchants reduce operating costs. In 2025, PagBrasil received authorisation from the Central Bank of Brazil to operate as a payment institution (PI) in the electronic money issuer category.

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Online and Mobile Banking Central Bank Cross-Border Authentication 64

Fintech Finance

DECEMBER 16, 2024

Under the agreement, Modulr will continue to protect the security of HMRC’s payments to individuals and businesses through its CoP service, which helps prevent fraud by validating bank account details in real-time with receiving banks and payment institutions.

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Payee Payment APIs and Integration Security Agreements 98

The Fintech Times

APRIL 8, 2025

Plaid , a payment institution regulated by the Financial Conduct Authority (FCA), has raised around $575million in a fundraise led by Franklin Templeton , alongside Fidelity Management and Research. The post This Week in Fintech: TFT Bi-Weekly News Roundup 08/04 appeared first on The Fintech Times.

FinTech 59

FinTech Settlement Non-Bank AI 59

The Payments Association

JULY 18, 2025

Omar Salem Financial regulation and fintech partner, Fox Williams "Post–31 March 2025, the UK regulator is focused on supervision and in the future may hold firms, and potentially individuals, accountable for operational resilience breaches. Post-deadline supervision will stress-test incident playbooks and escalation protocols.

Regulations 88

Regulations Payments Payment APIs and Integration Legal 88

Fintech News

APRIL 27, 2025

Sparrow Tech, which holds a Major Payment Institution (MPI) license issued by the Monetary Authority of Singapore to provide Digital Payment Token services, is now an indirect, wholly owned subsidiary of Amber International. The platform offers secure, compliant, institutional-grade solutions for sophisticated investors.

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Payments Institute Authorization Digital Payments Security 103

Fintech News

DECEMBER 9, 2024

M-DAQ Global, a fintech specialising in cross-border foreign exchange (FX) and payment solutions, has been awarded a Capital Markets Services (CMS) licence by the Monetary Authority of Singapore (MAS). This licence allows its subsidiary, M-DAQ Market Solutions, to deal in over-the-counter (OTC) derivatives contracts.

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B2C Cross-Border Settlement B2B 113

Finovate

JANUARY 10, 2025

“We’re building Dataships to be the essential growth platform for modern e-commerce brands,” the company’s Matt Gottron noted in a blog post. Latin American cross-border payments platform dLocal secured an authorized payment institution license from the U.K.’s ’s FCA.

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Innovation Cross-Border Payments Payments Cross-Border 64

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. The post The FCAs latest Dear CEO letter Key priorities for payments firms appeared first on Neopay. You can read the full letter here: FCA Dear CEO Letter.

Fraud Prevention 52

Fraud Prevention Financial Crimes Compliance Payments 52

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.

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APACS FinTech Treasury Issuers 51

Finovate

JULY 18, 2025

The company, which is headquartered in Paris, currently holds a payment institution license. But securing full bank authorization would enable the firm to expand its offerings to its customers across Europe.

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Cash Management Treasury FinTech Finance 52