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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.
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. This includes effective prevention of external fraud on payment methods by applying industry best practices and real-time transaction monitoring.
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 cross border payment 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.
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. Most recently, Peru also joined the list, with its new regulated market going live in early 2024.
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-border payment solutions.
The Central Bank of Brazil has authorised the digital payments organisation, PagBrasil to operate as a paymentinstitution (PI) in the electronic money issuer category. This achievement marks a significant milestone for PagBrasil as the digital payments solutions market continues to grow.
Many countries are positioning themselves as a destination for fintechs seeking EU-wide licenses as the U.K. electronic money and paymentsinstitution licenses across the EU won’t be passportable across the EU. leaves the EU. Following Brexit, U.K.
Cross-border payment firm XTransfer has received the Major PaymentInstitution (MPI) license from the Monetary Authority of Singapore (MAS). The company, founded in 2017, specialises in cross-border payment solutions tailored to small and medium-sized enterprises (SMEs). said Bill Deng, Founder and CEO of XTransfer.
This surge highlights the increasing demand for stability and reliability in digital payments. dtcpay has a strong track record of innovation and achievement in the fintech sector. By transitioning to a stablecoin-focused model, dtcpay aims to deliver a more reliable, scalable, and secure payment experience.
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.
Singapore and Hong Kong-licensed paymentinstitution FOMO Pay has launched local Vietnamese Dong (VND) virtual accounts. The service enables merchants, corporates, and institutions to send and receive VND within Vietnam using locally issued virtual accounts under their own names via the countrys local payment infrastructure.
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.
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.
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.
ShopBack , a shopping and rewards platform in Asia-Pacific, has been granted a Major PaymentInstitution (MPI) license by the Monetary Authority of Singapore (MAS). Issued under the Payment Services Act, the license permits ShopBack to provide regulated payment services through its payment product, ShopBack Pay.
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.
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 PaymentInstitution authorized by the Central Bank of Brazil.
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.
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.
These changes come after OKX secured a Major PaymentInstitution 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.
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 is also committed to building a strong payment service.” ” said Kevin Kang, Co-Founder of Reap.
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.
HitPay, which serves over 15,000 small and medium-sized enterprises (SMEs), integrates online, point-of-sale, and B2B payments into a single system. The company recently secured a Major PaymentInstitution (MPI) license from the Monetary Authority of Singapore (MAS), enabling it to expand into merchant acquisition and money transfer services.
We’ll see if the fintech headlines can keep up this week! ABN AMRO’s payment app Tikkie has developed a full-service bank, BUUT, that caters to younger customers. Payments Zimpler earns status as a Certified PaymentInstitution in Brazil.
Ltd. (“JST Singapore”) has received an in-principle approval for a Major PaymentInstitution (MPI) licence from the Monetary Authority of Singapore (MAS) to provide digital payment token service.
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.
Fly Wing Technologies, a subsidiary of digital asset platform Matrixport , has received a Major PaymentInstitution (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.
Fintech regulations in Trkiye largely align with EU standards, with its Payment Law resembling the First Payment Services Directive (FPSD). However, Turkey has yet to fully adopt the Second Payment Services Directive. Additionally, Dream Games represents Trkiyes prowess in the gametech sector.
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.
Its a time of reflection and anticipation at The Fintech Times throughout December, as we look back at key developments over the past 12 months and explore what lies ahead for 2025. From niche fintech segments to larger platforms, industry leaders weigh in on the trends, challenges and opportunities that will define 2025.
Under the agreement, Modulr will continue to protect the security of HMRC’s payments to individuals and businesses through its CoP service, which helps prevent fraud by validating bank account details in real-time with receiving banks and paymentinstitutions.
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).
Anchorage Digital Singapore, a crypto platform, has obtained a Major PaymentInstitution 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.
The Fintech Times Bi-Weekly News Roundup takes a look at the latest fintech stories from around the world on Tuesday 8 April 2025. Shang Chou , who has experience building investment and fintech solutions for the asset and wealth management industry, also joins the team as Cache’s new head of institutional solutions.
The Fintech Times Bi-Weekly News Roundup takes a look at the latest fintech stories from around the world on Thursday 20 February 2025. More appointments Quantum Group, the fintech and security incubator, has appointed James Radford as the CEO of Volopa, its foreign exchange, international payments and expense management company.
Sparrow Tech, which holds a Major PaymentInstitution (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.
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.
The Monetary Authority of Singapore (MAS) has imposed a total of S$960,000 in composition penalties on five licensed Major PaymentInstitutions (MPIs) for breaching anti-money laundering and countering the financing of terrorism (AML/CFT) regulations.
It said the brand update reflects its growing function as an infrastructure layer for institutional money movement. The company said in a blog post , “As our reach expands beyond Singapore, were laying the foundation for a truly global payment infrastructure one thats scalable, compliant, and ready for whats next.
Anchorage Digital secured a Major PaymentInstitution license from the Monetary Authority of Singapore, allowing it to offer regulated crypto services in the region in November 2024.
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.
The Monetary Authority of Singapore (MAS) has granted FlexM , a global fintech conglomerate, a Major PaymentInstitution (MPI) license. FlexM has earned multiple industry accolades, including recognition at the Singapore Fintech Festival , the Asia Fintech Awards, and from the International Compliance Association.
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