Fintech News

NOVEMBER 7, 2024

XTransfer, a B2B cross-border payment platform, made its debut at the Singapore Fintech Festival (SFF) 2024 as a Gold Sponsor. The company aims to expand its presence in Southeast Asia, offering secure and efficient payment solutions to SMEs in the region. ” said Bill Deng, Founder and CEO of XTransfer.

Cross-Border Payments 113

Cross-Border Payments Cross-Border Payment Solutions Payments 113

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.

Cross-Border 113

Cross-Border Payments Payments Institute On-Demand 113

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.

Cross-Border 109

Cross-Border Payments Compliance Payments Institute 109

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.

Payments Institute 59

Payments Institute Security Alternative Payment Methods Cross-Border Payments 59

Fintech News

OCTOBER 31, 2024

FXC Intelligence, a data platform specializing in the cross-border payment and e-commerce sectors, has released its annual selection of the world’s most promising cross-border payments companies in 2024. One of Singapore’s entries is Partior. million Series A funding round led by Sequoia Capital Southeast Asia.

Cross-Border Payments 133

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

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

. (“Pay2All”), a licensed Payment Institution authorized by the Central Bank of Brazil. The Payment Institution license will enable Nuvei to offer comprehensive payment services in Brazil as an Issuer of Electronic Currency. Further strategic expansion in LATAM is scheduled to follow.

Payments Institute 97

Payments Institute Acquirers Central Bank Payments 97

The Payments Association

MARCH 19, 2024

TerraPay, a company specialising in global cross-border payments, has recently been granted a Major Payment Institution (MPI) License by the Monetary Authority of Singapore (MAS). This development is part of […] Read more

Payments Institute 88

Payments Institute Authorization Cross-Border Payments Cross-Border 88

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.

Digital Payments 83

Digital Payments Payments Payments Institute Facilitators 83

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.

Cross-Border 117

Cross-Border Verification Payments Institute Participant 117

Fintech Finance

SEPTEMBER 9, 2024

Ltd. (“JST Singapore”) has received an in-principle approval for a Major Payment Institution (MPI) licence from the Monetary Authority of Singapore (MAS) to provide digital payment token service.

Payments Institute 97

Payments Institute Payments Authorization On-Demand 97

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 Digital Currency Accreditation 64

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

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

Finextra

APRIL 23, 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 (MPI) licence to offer merchant acquisition services, and domestic and cross-border money transfer services.

Payments Institute 99

Payments Institute Cross-Border Authorization Payments 99

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

Fintech Finance

DECEMBER 16, 2024

Modulr , a leading digital payment services provider, is today announcing a significant new contract with His Majesty’s Revenue and Customs (HMRC) for the provision of Confirmation of Payee (CoP) services. In addition to CoP, Modulr has a comprehensive strategy tailored to payments in the public sector.

Payee 98

Payee Payment APIs and Integration Security Agreements 98

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

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

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.

B2C 111

B2C Cross-Border Settlement B2B 111

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 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). Now, with FCA authorisation, Atoa is accelerating its mission to bring fast, secure, and cost-effective payments to larger enterprises.

Processing Costs 59

Processing Costs Payment Security Process 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.

On-Demand 116

On-Demand Settlement Regulations Payments Institute 116

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

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.

Payments Institute 100

Payments Institute Authorization Digital Payments Security 100

Finextra

MARCH 6, 2025

Hex Technologies Pte Ltd (Hex Trust, and together with its affiliates, the Hex Trust Group), a leading digital assets financial institution specializing in custody and trading services, announced that it has received a Major Payment Institution (MPI) License from the Monetary Authority of Singapore (MAS).

Payments Institute 64

Payments Institute Authorization Payments Technology 64

The Payments Association

JANUARY 13, 2025

Decoding the FCA's safeguarding reforms: Practical steps for payments and E-money firms January 3 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? The FCA’s proposed safeguarding reforms for payments and e-money firms, aiming to enhance consumer protection and operational compliance.

Compliance 88

Compliance Audit Legal 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). This includes the development of PEXA Pay, the seventh net settlement payment scheme to clear through the Bank of England.

Product 88

Product Facilitators Settlement Transactions 88

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. Bank transfers tend to have lower fees compared to card payments. Youre in the right place.

Cryptocurrency 113

Cryptocurrency Credit Cards Verification Blockchain 113

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

Finextra

JANUARY 27, 2025

PagBrasil, a technology company focused on digital payments, has received authorization from the Central Bank of Brazil to operate as a Payment Institution (PI) in the electronic money issuer category.

Payments Institute 52

Payments Institute Central Bank Issuers Payments 52

Finextra

MARCH 27, 2025

Fipto, a blockchain-based stablecoin payments infrastructure, has been officially licensed as a Payments Institution by the French Prudential Control and Resolution Authority (ACPR), part of the Bank of France.

Payments Institute 59

Payments Institute Stablecoins Security Blockchain 59

The Nilson Report

APRIL 5, 2024

The post Currencycloud Granted ‘In-Principle Approval’ for Major Payment Institution License by the Monetary Authority of Singapore appeared first on Nilson Report.

Payments Institute 52

Payments Institute Authorization Payments Posting 52

The Paypers

OCTOBER 2, 2023

Digital currency platform Coinbase has obtained a Major Payment Institution (MPI) licence from the Monetary Authority of Singapore (MAS).

Authorization 73

Authorization Digital Currency Payments Institute Payments 73

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. On 2 April 2024, the MAS amended the Payment Services Act (PS Act) to include custodial services for DPTs under its regulatory scope.

Payments 117

Payments Consumer Protection Authorization On-Demand 117

The Paypers

JANUARY 8, 2025

dLocal has acquired an Authorised Payment Institution licence from the Financial Conduct Authority , aiming to start onboarding merchants in the UK.

Payments Institute 53

Payments Institute Security Authorization Acquirers 53

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