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Fave Singapore Gets In-Principle Approval for Payments License

Fintech News

and part of the Pine Labs group, has received in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license. The company also collaborates with DBS Bank, Google Pay, United Overseas Bank, and Singtel Dash as part of its loyalty program to enable interoperable payments.

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Unpacking 3 Key Concepts From G20’s Enhanced Cross Border Payments Plan

Fintech News

Theme 1: Establishing Optimal Governance and Interoperability Frameworks Effective governance and interoperability frameworks will be crucial for managing the complexities of cross-border payments. One idea is to have a central system for checking payments against sanctions lists, which could make the process faster and simpler.

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StraitsX Secures MAS Licenses for Stablecoin Issuance, Crypto Payments

Fintech News

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. The licenses were issued to StraitsX USD Issuance Pte. StraitsX SGD Issuance Pte. Additionally, Xfers Pte.

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CBI and Banfico Partner to Expand Global Reach of Verification of Payee Service

Fintech Finance

The service provides a vital layer of security for financial transactions, helping to reduce the risk of fraudulent activity and accidental misdirection of payments. The solution is compliant with Instant Payment Regulation, supporting payment institutions to match the normative requirements.

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Ripple Plans to Launch USD-Pegged Stablecoin

Fintech News

The company has an extensive portfolio of licenses, including a New York BitLicense and a Major Payment Institution License from the Monetary Authority of Singapore , among others. A “compliance-first” approach underscores Ripple’s commitment to adhering to regulatory standards worldwide.

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Em Conversa: Evolving Pix in Brazil and Beyond With PagBrasil

The Fintech Times

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 payment institution (PI) in the electronic money issuer category.

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Fabrick Partners With Shift4, Enabling European Merchants to Leverage Embedded Finance Services

The Fintech Times

However, nearly two-thirds face challenges in achieving a unified view of payments across physical and digital touchpoints. This partnership aims to alleviate this by enhancing interoperability for end-to-end processing.