Fintech Finance

DECEMBER 20, 2024

The Administrative Council for Economic Defense (CADE) and the Central Bank of Brazil (BCB) have officially approved the acquisition of Transfeera , a fintech specialised in payment solutions for businesses, by PayRetailers , a leading payments processor in Latin America and Africa.

Central Bank

The Fintech Times

JANUARY 17, 2025

Image Source: The Fintech Times Timeline of Key fintech milestones 2006 – Bank cards and credit card law by Banking Regulation and Supervision Agency (BRSA) 2013 – Payment and Securities Settlement Systems, Payment Service and Electronic Money Institutions Law No 6493 went into effect by both BRSA and Central Bank of Republic of Turkiye (..)

Digital Payments

Fintech Finance

FEBRUARY 5, 2025

Transfeeras solution ensures compliance with new regulations that mandate payments be processed exclusively through bank accounts registered to individual bettors. Our expertise in payments allows us to offer operators the tools they need to thrive in a regulated environment.

Regulations

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.

ISOs

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.

Cross-Border

The Fintech Times

MARCH 18, 2025

Since its launch, Pix has become a widely adopted payment method in Brazil, with over 173 million registrations and more than 155 million people using it to make payments online and in physical stores via mobile phones. This achievement marks a significant milestone in the expansion of digital payment solutions.

Online and Mobile Banking

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.

Compliance

The Fintech Times

FEBRUARY 25, 2025

.” American Express is also the first foreign payments network licensed to clear Chinese yuan transactions in mainland China. ” However, American Express Cards issued by third parties outside of the Chinese mainland are not currently eligible to link with the Alipay Digital Wallet. .”

Cross-Border

Finovate

JANUARY 10, 2025

Transcard has partnered with Xodus Travel Services to enhance digital payment experiences with its SMART Suite platform. Financial Conduct Authority (FCA) to serve as a payment institution in theU.K. Tennessee-based Transcard is bringing its payment orchestration capabilities north of the border this week.

Multi-Currency

Finovate

JUNE 6, 2025

Splink enables companies to receive and request payments, as well as set up an online shop that helps boost transaction volumes. Splink’s solution is also available as a white-label offering, allowing companies to set up their own digital payments business and add a new source of recurring revenue.

Cross-Border Payments

Fintech News

JANUARY 20, 2025

Overview of Regulated Cryptocurrency Providers in Singapore As of now, Singapore has 30 major payment institutions with digital payment token service licences. Anchorage Digital and Gemini have currently received their respective in-principal approvals, potentially including these two organisations into the list too.

Cryptocurrency

Fintech Finance

JULY 27, 2025

In 2025, as Singapore and Luxembourg celebrate 50 years of diplomatic relations, dtcpay is proud to deepen this partnership by being the first Singaporean Major Payment Institution (MPI) to establish in Luxembourg and forge a seamless bridge between these two vibrant financial hubs. .” Alice Liu , Group CEO of dtcpay.

Stablecoins

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.

Payee

The Paypers

JUNE 9, 2025

Also, with Lemonway being a payment institution 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.

Acquirers

The Payments Association

JULY 18, 2025

FCA Safeguarding Reforms for PI/EMI (Interim Rules) The FCA is set to publish its finalised interim safeguarding rules for authorised payment institutions (PIs) and electronic money institutions (EMIs) in mid-2025, following Consultation Paper CP24/20. As new payment models emerge and regulation expands (e.g.

Regulations

Finovate

JANUARY 10, 2025

Onchain finance solutions provider Tokeny has teamed up with El Salvador-based Digital Asset Service Provider Ditobanx. Latin American cross-border payments platform dLocal secured an authorized payment institution license from the U.K.’s ’s FCA.

Innovation

Fintech News

APRIL 27, 2025

Amber International Holding Limited has completed the integration of Sparrow Tech Private Limited , a Singapore-based digital asset platform, following regulatory approval. The platform offers secure, compliant, institutional-grade solutions for sophisticated investors.

Payments Institute

The Fintech Times

APRIL 15, 2025

Alex Vollbrechthausen, investor and chairman of the board at FitBank FitBank, a conglomerate with technology and regulated entities in Brazil, Mexico and Central America, was founded in 2015 with a vision to transform the digital payments space, recognising the growing demand for efficiency through cutting-edge technology.

Embedded Finance

Finextra

JULY 3, 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.

Compliance

Finovate

JULY 18, 2025

The company, which is headquartered in Paris, currently holds a payment institution license. Philippine National Bank (PNB) partnered with Japan’s Digital Wallet Corporation to enhance its money transfer services. South African fintech Stitch has acquired digital payments company Efficacy Payments.

Cash Management

Fintech Finance

SEPTEMBER 9, 2024

JST Digital , a global financial services firm specializing in digital assets, has announced that its Singapore subsidiary, JST Digital & Technology Pte. ” The post JST Digital Obtains In-Principle Approval for a Major Payment Institution Licence from MAS appeared first on FF News | Fintech Finance.

Payments Institute

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

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

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.

SWIFT

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

Fintech News

DECEMBER 19, 2023

Digital brokerage Moomoo Financial Singapore has secured in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution License to offer digital payment token (DPT) services. We will work closely with MAS to secure approval for a full license soon.

Payments

PYMNTS

MARCH 26, 2019

Citi’s Treasury and Trade Solutions , a unit of Citi, announced Tuesday (March 26) it is developing a new business unit that will enable consumers to make digital payments to institutions.

Treasury

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

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). The company plans to launch XREX Pay, a platform designed to facilitate B2B payments and remittance services.

Cross-Border

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

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

Fintech News

SEPTEMBER 8, 2024

JST Digital, a financial services firm focused on digital assets, announced that its Singapore subsidiary has received in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) licence.

Payments

Fintech News

JANUARY 24, 2024

Each license allows the holder to conduct multiple specific payment services. Data from MAS’ Financial Institutions Directory show that as of August 01, 2022, 231 Money-Changing, 13 Standard Payment Institutions, and 175 Major Payment Institution licenses had been issued.

Service Provider

Fintech News

DECEMBER 13, 2023

Singaporean payment institution FOMO Pay and United Arab Emirates’ digital bank Zand have partnered to improve cross-border payment 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.

Cross-Border Payments

Fintech News

JULY 16, 2024

StraitsX, a digital asset payments infrastructure provider in Southeast Asia, has received Major Payment Institution (MPI) licenses from the Monetary Authority of Singapore (MAS). and StraitsX Payment Services Pte. These licenses enable StraitsX to provide various digital payment token services.

Stablecoins

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.

Payments

Fintech News

MAY 21, 2024

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. Recently, Alchemy Pay invested in LaPay UK Ltd, securing an Authorised Payment Institution license regulated by the FCA.

Web 3.0