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 intends to allocate necessary resources to support its Singapore operations and strengthen compliance standards.

Cross-Border 109

Cross-Border Payments Compliance Payments Institute 109

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 Finance

AUGUST 5, 2024

Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, today announces that it has entered into a definitive agreement to acquire Pay2All Instituição de Pagamento Ltda. (“Pay2All”), a licensed Payment Institution authorized by the Central Bank of Brazil.

Payments Institute 97

Payments Institute Acquirers Central Bank Payments 97

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.

Phishing 135

Phishing Scams Blocks Authorization 135

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.

On-Demand 116

On-Demand Settlement Regulations Payments Institute 116

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

Fintech News

JUNE 1, 2025

Singapore-based stablecoin infrastructure provider StraitsX has unveiled a refreshed brand identity as it expands its role in enabling compliant, real-time payment settlements. It said the brand update reflects its growing function as an infrastructure layer for institutional money movement.

Stablecoins 71

Stablecoins Settlement Cross-Border Payment Gateways 71

Fintech News

JANUARY 20, 2025

Singapore embraces digital currencies, combining cutting-edge innovation with solid regulations to ensure a safe trading environment. The Monetary Authority of Singapore (MAS) keeps the market secure through rules that protect investors while encouraging growth. Thinking about diving into the world of cryptocurrency in Singapore?

Cryptocurrency 113

Cryptocurrency Credit Cards Verification Blockchain 113

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 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

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). ” said Darius Sit, Founder of QCP Trading.

Regulations 105

Regulations Payment APIs and Integration Settlement Stablecoins 105

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.

Cross-Border Payments 75

Cross-Border Payments Cross-Border Multi-Currency Payments 75

Fintech News

MARCH 18, 2025

The Monetary Authority of Singapore (MAS) has granted FlexM , a global fintech conglomerate, a Major Payment Institution (MPI) license. This license extends FlexM’s regulated financial services, enabling the company to offer cross-border money transfer services to its customers in Singapore.

Cross-Border 71

Cross-Border Regulatory Compliance Financial Inclusion Payments 71

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 says these solutions aim to advance financial inclusion and foster economic development.

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.

Multi-Currency 52

Multi-Currency Real Time Payments Payments Authorization 52

Fintech News

AUGUST 4, 2024

HashKey Technology Services (HashKey OTC), the over-the-counter trading arm of HashKey Group, has been granted a Major Payment Institution license by the Monetary Authority of Singapore (MAS). This license enables HashKey OTC to provide digital payment token (DPT) services in Singapore.

Payments Institute 113

Payments Institute SWIFT Payments Settlement 113

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 Alessio Quaglini, Co-Founder and CEO of Hex Trust Group.

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

AUGUST 12, 2024

Crypto custodian BitGo has obtained the Major Payment Institution license from the Monetary Authority of Singapore (MAS). This approval follows an in-principle nod received earlier this year and allows BitGo to offer regulated digital payment token services in Singapore.

Security 113

Security Regulations Payments Institute On-Demand 113

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).

Processing Costs 59

Processing Costs Payment Security Process Security 59

PYMNTS

JANUARY 19, 2017

Geoswift, a provider of cross-border payment solutions between China and the rest of the world, announced Wednesday (Jan. unit, Geoswift UK, has received authorization as a payment institution from the Financial Conduct Authority (FCA). 18) that its U.K.

Payments Institute 40

Payments Institute Authorization Cross-Border Cross-Border Payments 40

The Payments Association

JANUARY 13, 2025

Firms must invest in compliance, adapt workflows, and advocate for fair regulations. The Financial Conduct Authority (FCA) recently outlined significant changes to the safeguarding regime for payments and e-money firms in its consultation paper CP24/20. What’s next?

Compliance 88

Compliance Audit Legal Reconciliation 88

Fintech News

JUNE 11, 2024

Ripple, a provider of enterprise blockchain and crypto solutions, has finalised its acquisition of Standard Custody & Trust Company, a regulated digital asset custodian, after securing necessary regulatory approvals. Ripple now has nearly 40 U.S.

Stablecoins 113

Stablecoins Acquirers Regulatory Compliance Central Bank 113

Fintech News

JULY 1, 2024

Paxos has secured the full approval from the Monetary Authority of Singapore (MAS) to issue stablecoins under the regulator’s upcoming stablecoin framework. This approval allows Paxos to offer digital payment token services through its entity, Paxos Digital Singapore Pte. as a Major Payments Institution.

Stablecoins 113

Stablecoins Regulations Audit Cash Management 113

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 Finance

APRIL 24, 2024

Singapore-based fintech startup Qashier announced today that the company has been awarded in-principle approval by the Monetary Authority of Singapore (MAS) for a major payment institution licence to offer merchant acquisition services, and domestic and cross-border money transfer services.

Payments Institute 52

Payments Institute Cross-Border Cross-Border Payments Payments 52

Fintech Finance

DECEMBER 13, 2023

Worldline (Euronext: WLN), a global leader in payment services, announces its wholly owned subsidiary, GCS APAC, has been granted Major Payment Institution license by the Monetary Authority of Singapore (MAS).

Payments Institute 52

Payments Institute APACS Push-to-Card Cross-Border 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 a homegrown Singapore company, we are especially proud to receive this recognition from one of the world’s most respected regulators.

Payments 108

Payments International Payments Payments Institute Security 108

Fintech Finance

MARCH 13, 2025

Atoa Payments Limited, a leading provider of open banking-enabled payments, has secured regulatory approval from the UK Financial Conduct Authority (FCA) to operate as an Authorised Payment Institution (API).

Payments Institute 66

Payments Institute Security Payment APIs and Integration Payments 66

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

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

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

APRIL 7, 2024

GSR, a global cryptocurrency trading firm and liquidity provider, has been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS). located in Singapore, to provide digital payment token services. This license allows its subsidiary, GSR Markets Pte.

Treasury Management 105

Treasury Management APACS Procedures Treasury 105

Fintech News

JANUARY 9, 2024

The platform, which received its Capital Markets Services and Regulated Market Operator licenses from the Monetary Authority of Singapore in 2023, plans to expand its offerings. In a separate move, AsiaNext is also seeking a major payment institution license to provide digital payment token services through a different subsidiary.

Risk Management 113

Risk Management On-Demand Risk Settlement 113

Fintech News

MAY 28, 2024

As part of this expansion, B2C2 shared that it will apply for a Major Payment Institution license from the Monetary Authority of Singapore. Backed by the Japanese financial services group SBI, B2C2 offers credit, deep liquidity, competitive pricing, and market-leading settlement services to institutional clients.

APACS 113

APACS Settlement Advisors Regulations 113

Fintech News

MARCH 31, 2024

LaPay, which operates under the regulatory oversight of the UK Financial Conduct Authority (FCA) with the license number 914920, represents a key piece in Alchemy Pay ‘s global strategy. UK, Hong Kong, Singapore, Australia, and South Korea.

Web 3.0 112

Web 3.0 Payment APIs and Integration Payments Stablecoins 112

Fintech News

APRIL 22, 2024

Singapore-based fintech startup Qashier has received in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license. This approval positions Qashier to provide merchant acquisition services along with domestic and cross-border money transfer capabilities.

Cross-Border 109

Cross-Border Cross-Border Payments Payments Payments Institute 109