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FXC Intelligence, a data platform specializing in the cross-borderpayment and e-commerce sectors, has released its annual selection of the world’s most promising cross-borderpayments companies in 2024. Another company from Singapore featured on the list is Tazapay.
XTransfer, a B2B cross-borderpayment 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-borderpayment firm XTransfer has received the Major PaymentInstitution (MPI) license from the Monetary Authority of Singapore (MAS). The company, founded in 2017, specialises in cross-borderpayment solutions tailored to small and medium-sized enterprises (SMEs).
(Skyee) is excited to announce that it has been granted In-Principle Approval (IPA) for the Major PaymentInstitution (MPI) license from the Monetary Authority of Singapore (MAS). Skyee is a wholly owned subsidiary of Skyee Group a Chinese leading crossborderpayment solution provider in China, Europe, North America and North Asia.
(Banking Circle), a Luxembourg licenced bank and a leading international provider of next-generation banking services, is pleased to announce that its wholly owned subsidiary BC Payments Pte. This IPA marks a significant milestone for BC Payments Singapore. The post BC Payments Pte.
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-borderpayments industry.
It has been a busy few days for the Central Bank of Brazil as it announces another company has acquired a paymentinstitution (PI) licence. With its new PI licence, AstroPay will deliver secure, compliant, and user-friendly cross-borderpayment solutions.
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.
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 PaymentInstitution (MPI) license. Banking Circle is regulated by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg.
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.
AstroPay , a global leader in digital financial solutions, is redefining financial connectivity in Brazil with its strategic expansion and acquiring a coveted PaymentInstitution (PI) license issued by the Central Bank of Brazil. The companys streamlined approach to cross-borderpayments delivers substantial savings for users.
TransferMate Announces Strategic Partnership with Deutsche Bank Embedded B2B payments infrastructure-as-a-service company TransferMate has forged a strategic partnership with Deutsche Bank. The partnership will enable TransferMate to provide in-country collections, cross-borderpayments, and local fund storage.
With over 65 licenses globally and now six direct connections to domestic payment systems, this infrastructure enables over 63% of all Wise transactions to be completed instantly (under 20 seconds), with an average fee of 0.62%.
Another benefit of putting all of its resources into stablecoins is that dtcpay can ensure scaleable payments internationally without the high fees and delays often associated with traditional cross-borderpayments. The future of payments dtcpay has also announced a collaboration with Singapore’s NETS SGQR+ initiative.
Having obtained the PSP licence, Tuma Ventures is able to offer a comprehensive suite of financial services in Tanzania, including real-time payment processing for merchants, mobile wallet solutions, and float management for other fintechs. It says these solutions aim to advance financial inclusion and foster economic development.
This also builds upon Spendesk’s recent announcements of the launch of Spendesk Financial Services , Spendesk’s regulated paymentinstitution, and its pioneering Procure-to-Pay solution. ” Spendesk will roll out the new international payments feature in the next few weeks.
The move supports efforts to enable cross-borderpayments and expand access to stablecoin infrastructure and decentralised finance tools. OKX is also supporting USDG for customers in the European Union, following the stablecoin’s compliance with the EU’s Markets in Crypto-Assets (MiCA) regulation.
Airwallex Acquires MexPago as Part of Latin American Expansion Speaking of acquisitions in Mexican fintech and financial services, global financial platform Airwallex has finalized its acquisition of Mexico-based payment service provider MexPago, a licensed Institution of Electronic Payment Funds (IFPE).
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 paymentinstitution (PI) in the electronic money issuer category.
“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-borderpayments platform dLocal secured an authorized paymentinstitution license from the U.K.’s ’s FCA.
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.
his dual role, Bailey will oversee the commercial and regulatory functions of TrueLayer Ireland, which holds a European PaymentsInstitution licence and is regulated by the Central Bank of Ireland. MANSA, a global fintech in cross-borderpayments, has closed a $10million funding round.
Rapid globalisation and available technological advancements have spurred the demand for more efficient, transparent, and accessible cross-borderpayment systems. The G20 Roadmap for Enhancing Cross-borderPayments of the Financial Stability Board (FSB) also lists them as a key priority for enhancing such payments.
Cross-borderpayment firm XTransfer is leveraging its success in China to fuel an ambitious global expansion plan. Bill Deng “In Singapore, we have received in-principle approval for a major paymentinstitution (MPI) license, and we will have the full license soon.
Licensed as a Major PaymentInstitution (MPI) by the Monetary Authority of Singapore (MAS), OPAL offers domestic and cross-borderpayments, payment accounts, and e-money services. Find out how Currencycloud can help you build your payments infrastructure by speaking to one of their experts today.
With a highly skilled international workforce, long-established support for innovation and a well-developed reputation as a global finance hub, cross-borderpayments in Singapore have the makings of a global hub. These figures emphasize the high focus on cross-borderpayments in the domestic payment market.
Currencycloud, a Visa solution, is granted preliminary approval for a major payment licence from the Monetary Authority of Singapore (MAS). Rohit Narang , managing director of APAC, Currencycloud said: “The IPA for a Major PaymentInstitution Licence is testament to the strength of the Currencycloud brand.
Singaporean paymentinstitution FOMO Pay and United Arab Emirates’ digital bank Zand have partnered to improve cross-borderpayment efficiency between Asia and the Middle East and North Africa (MENA) region. ” said Michael Chan, CEO of Zand. ” said Zack Yang, Co-founder of FOMO Pay.
Nium , the global leader in real-time cross-borderpayments, is strengthening its presence in Latin America by applying for essential licenses, joining key fintech associations, expanding its employee presence, and signing new customers. The moves made in the region support significant growth anticipated in Latin America.
The conversation delved into the transformation journey of Currencycloud into Visa Cross-Border Solutions , a foreign exchange and cross-borderpayments solution within Visa, and how it addresses the challenges of cross-borderpayments in today’s fintech landscape.
Inspired by Ripple’s cross-borderpayment model, the Web 3.0 digital bank addresses significant challenges in managing cross-borderpayments and fiat-crypto transactions. Recently, Alchemy Pay invested in LaPay UK Ltd, securing an Authorised PaymentInstitution license regulated by the FCA.
Airwallex announced several milestones in its global expansion strategy: securing a paymentinstitution license from the Banco Central do Brasil, and finalizing the acquisition of MexPago, a Mexico-based payment service provider and an Institution of Electronic Payment Funds (IFPE) license-holder.
Currencycloud, a provider of B2B embedded cross-border solutions, has received in-principle approval for a Major PaymentInstitution (MPI) license from the Monetary Authority of Singapore (MAS). The post Currencycloud Gets In-Principle Approval for Payments License From MAS appeared first on Fintech Singapore.
Unlocking Global Cross-BorderPayment Flows Stablecoins like XSGD are rapidly emerging as the preferred solution for on-chain cross-borderpayments, providing a secure and efficient alternative to traditional financial systems.
TerraPay , a global leader in digital cross-borderpayments, today announced that it has been granted a Class B license by Bank Negara Malaysia (BNM). With the new license, TerraPay is now well-positioned to support the countrys growing demand for efficient and transparent cross-border financial services.
Payments infrastructure company TerraPay has been awarded a Major PaymentInstitution (MPI) License by the Monetary Authority of Singapore (MAS). Featured image credit: Edited from Freepik The post TerraPay Gets MAS Green Light for Payment License appeared first on Fintech Singapore.
Rising Demand for Correspondent Services Wise Platform’s Correspondent Services, launched at Sibos last year in collaboration with Swift , allows partners to send and receive international payments instantly.
Canadian payments firm Nuvei Corporation has secured a Major PaymentInstitution (MPI) license from the Monetary Authority of Singapore. It also provides another validation of our steadfast commitment to optimising the payment experience for businesses and consumers throughout this critically important region.”
XREX Singapore, a blockchain-enabled financial institution specialising in cross-borderpayments, has been granted a Major PaymentInstitution (MPI) license by the Monetary Authority of Singapore (MAS).
Global payments company Nium is enhancing its presence in Latin America, with a focus on expanding its operations in Brazil. The company has recently applied for a PaymentInstitution License in Brazil, which will allow it to offer payment services, including managing funds in BRL and facilitating real-time payments through the Pix system.
Singapore-based fintech startup Qashier has received in-principle approval from the Monetary Authority of Singapore (MAS) for a Major PaymentInstitution (MPI) license. This approval positions Qashier to provide merchant acquisition services along with domestic and cross-border money transfer capabilities.
BlindPay platform has found a significant opportunity to empower Web3 companies and encourage those in Web2 to easily evolve, thanks to its API interface that enables connections and supports crossborderpayments by using the technology of Bitso Business —Bitso’s B2B unit that provides the infrastructure for the future of cross-borderpayments—.
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 paymentinstitution licence to offer merchant acquisition services, and domestic and cross-border money transfer services.
Currencycloud was offered In-Principle Approval to serve as a Major PaymentInstitution license holder in Singapore. “The IPA for a Major PaymentInstitution License is testament to the strength of the Currencycloud brand,” said Currencycloud Managing Director of APAC Rohit Narang. Mike Laven is CEO.
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