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dLocal , the leading payment platform connecting global merchants to emerging markets, has announced that it has been granted the Authorised PaymentInstitution license from the Financial Conduct Authority (FCA) in the United Kingdom. As a NASDAQ-listed company, dLocal has long been committed to compliance leadership.
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 PaymentInstitution (MPI) License for its Singapore entity, Reap Singapore.
Spendesk , the complete spend management platform for mid-sized businesses, has officially launched Spendesk Financial Services, its paymentinstitution. Furthermore, ensuring maximum security and service compliance is a top priority for Spendesk Financial Services.
Global payments platform, Paysafe will now be able to expand its payment partnerships in Latin America (LatAm) to iGaming operators following approval from the Central Bank of Brazil (BCB) for a paymentinstitution licence.
dLocal , a payment platform connecting merchants to emerging markets born out of Uruguay, has secured the UK Authorised PaymentInstitution (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.
Flagright has partnered with HitPay to improve payment security and compliance in Southeast Asia. HitPay, trusted by over 15,000 businesses, unifies online, point-of-sale, and B2B payments into a single, integrated payment processing system. The Flagright HitPay partnership helps SMEs meet evolving regulatory needs.
Crypto exchange Gemini has received in-principle approval (IPA) from the Monetary Authority of Singapore (MAS) for a Major PaymentInstitution (MPI) license. This approval allows Gemini to provide cross-border money transfer and digital payment token services in Singapore.
Reap, a Hong Kong-based payment technology provider, has received in-principle approval for a Major PaymentInstitution (MPI) license from the Monetary Authority of Singapore (MAS). Reap intends to allocate necessary resources to support its Singapore operations and strengthen compliance standards.
Since the new sports betting regulation took effect on 1 January 2025, some operators have struggled to ensure compliance – leading Transfeera to step in and adapt its Pix payment offering. The new rules mandate that payments be processed exclusively through bank accounts registered to individual bettors.
Home Announcements Security HitPay deploys Flagright security and compliance tech External This content is provided by an external author without editing by Finextra. HitPay deploys Flagright security and compliance tech Flagright has partnered with HitPay to improve payment security and compliance in Southeast Asia.
Following this announcement, Zimpler will have the possibility to facilitate payments and other Open Finance ecosystem resources, as well as streamlining the checkout process and reducing friction by allowing direct transactions without redirecting users to bank apps.
Razer Gold has received in-principle approval from the Monetary Authority of Singapore (MAS) for a Major PaymentInstitution license. This development marks a major step for the gaming-focused virtual credit platform as it prepares to expand its payment services in Singapore. said Adisorn Phonnarut, Global Head of Razer Gold.
Paysafe (NYSE: PSFE), a global payments platform, today announced that it has received approval from the Central Bank of Brazil (BCB) for a paymentinstitution (PI) license for the countrys launch of its regulated online sports-betting and gambling market.
Flagright has announced that payment platform HitPay is now using its AI-native transaction monitoring and anti-money laundering (AML) compliance solutions to enhance security and compliance. Aditya Haripurkar “Partnering with Flagright is a crucial step in reinforcing our commitment to security and compliance.
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?
Bitstamp by Robinhood has received its Major PaymentInstitution 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.
Pix, Brazils instant payment system managed by the Central Bank, has transformed digital transactions, with over 170 million users and 90% of Brazils adult population relying on the system. Our expertise in payments allows us to offer operators the tools they need to thrive in a regulated environment.
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 PaymentInstitution (MPI) license from the Monetary Authority of Singapore (MAS).
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.
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.
1 B2B Cross-Border Trade Payment Platform , was granted the Major PaymentInstitution (MPI) License under the Payment Services Act 2019 by the Monetary Authority of Singapore (MAS). This significant milestone strengthens XTransfer’s leading position in the B2B cross-border payments industry.
Firms should engage with their NCAs to ensure compliance during the transition period and monitor PSD3/PSR legislative developments for the changes proposed by the EBA. E.g. as a paymentinstitution or an electronic money institution.
Mobile Payment Solutions (MPS), Belgium’s regulated paymentinstitution, has joined forces with open banking leader Salt Edge to launch PSD2-compliant APIs. “If a printer can order its own ink, why shouldn’t a payment system know what value to add at exactly the right time?
The Monetary Authority of Singapore (MAS) has granted FlexM , a global fintech conglomerate, a Major PaymentInstitution (MPI) license. FlexM provides financial technology solutions to other financial institutions, covering payments, merchant acquisition, remittances, and regulatory compliance.
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 paymentinstitution (API). Were here for the long term, with security, stability, and partnership front of mind.
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 paymentinstitutions (PIs) (together, payments firms).
This milestone builds on Tumas foundation as a licensed PaymentsInstitution in the UK, which serves as the cornerstone of its remittance operations in East Africa. It demonstrates the companys commitment to regulatory compliance, innovation, and excellence in financial services across its markets.
By acquiring Mountain Protocol, we are taking a significant step forward in supporting institutional stablecoin adoption and advancing a new era of safety, security, and regulatory compliance in the global digital asset ecosystem. said Nathan McCauley, CEO and Co-Founder of Anchorage Digital.
Extended liability for paymentinstitutions: With stricter fraud liability rules, banks, payment service providers, and electronic communication providers face greater accountability. To stay competitive and profitable, banks and payment service providers must proactively comply with new regulations to secure early compliance.
Compliance will be assessed based on telcos’ ability to block SMS messages containing URLs flagged by the police as malicious. They are required to connect only with authorized SMS aggregators, block unauthorized SMS sources, and implement anti-scam filters that use machine learning to detect and block malicious URLs in SMS messages.
The firm currently operates with a paymentinstitution license, but full bank authorisation would let it offer broader lending, savings, and investment options to its growing customer base across Europe. Sponsored [On-Demand Webinar] Can You Have It All? hours 21 April 2022 /wholesale French fintech for SMEs Qonto achieves €4.4
The Banqup iPiD partnership enhances Banqup’s ability to protect businesses against invoice fraud while ensuring compliance with the growing wave of Verification of Payee (VoP) regulations across Europe and beyond.
ABN AMRO’s payment app Tikkie has developed a full-service bank, BUUT, that caters to younger customers. Fraud prevention and identity verification FrankieOne launches new risk and compliance platform that offers fraud detection and identity verification. Payments Zimpler earns status as a Certified PaymentInstitution in Brazil.
In Singapore, choosing a licensed exchange is crucial to ensure safety and compliance with regulations. Overview of Regulated Cryptocurrency Providers in Singapore As of now, Singapore has 30 major paymentinstitutions with digital payment token service licences. They facilitate transactions between buyers and sellers.
This latest communication is particularly relevant to firms authorised under the Payment Services Regulations 2017 (PSRs) and the Electronic Money Regulations 2011 (EMRs), including Electronic Money Institutions (EMIs), PaymentInstitutions (PIs), and Registered Account Information Service Providers (RAISPs).
The Singapore subsidiary of crypto exchange OKX has received a Major PaymentInstitution (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.
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.
The Monetary Authority of Singapore (MAS) has grantedChina-based B2B cross-border trade payment platform, XTransfer , a Major PaymentInstitution (MPI) licence, enabling it to provide a range of money transfer services in the region.
Cryptocurrency exchange Bitstamp announced it has obtained an in-principle approval from the Monetary Authority of Singapore (MAS) to operate under the Major PaymentInstitution license. This regulatory milestone allows Bitstamp to offer digital payment token services in compliance with the Payment Services Act in Singapore.
Also, with Lemonway being a paymentinstitution regulated by the ACPR, the company will serve as PayGreen’s Payment Service Provider (PSP), allowing the latter to enter the European market where Lemonway serves over 400 platforms in approximately 20 countries.
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 PaymentInstitution (MPI) license. said Calvin Shen, Managing Director, Hex Trust.
Inspired by Ripple’s cross-border payment model, the Web 3.0 digital bank addresses significant challenges in managing cross-border payments and fiat-crypto transactions. payment ecosystem by integrating licensing resources and global compliance credentials. Alchemy Pay continues to build its extensive Web 3.0
As a result, Malta has a strong, highly interconnected network of lawyers, accountants, compliance specialists, IT specialists, and other financial services practitioners. These two industries have a high demand for payment services, making it easier for new paymentinstitutions and e-money startups to gain a foothold in the market.
.” Consolidation amid economic and regulatory challenges Stphane Dehaies, CEO of Spendesk Financial Services Stphane Dehaies , CEO of Spendesk Financial Services , a licensed paymentsinstitution, builds on this view. We witnessed more than 50 elections that I expect will shape the economy in 2025.
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