The Fintech Times

FEBRUARY 2, 2025

It has been a busy few days for the Central Bank of Brazil as it announces another company has acquired a payment institution (PI) licence. With its new PI licence, AstroPay will deliver secure, compliant, and user-friendly cross-border payment solutions.

Payments Institute

Fintech Finance

MARCH 24, 2025

(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.

Payments Institute

Fintech Finance

AUGUST 7, 2025

Brex EU Payment Institution License has been secured via the Netherlands. With this license, Brex is officially authorized to operate across the entire EU, offering direct issuance of commercial credit cards and payment origination capabilities including direct debits and credit transfers. This is just the beginning.”

Payments Institute

The Fintech Times

JANUARY 10, 2025

dLocal , a payment platform connecting merchants to emerging markets born out of Uruguay, has secured the UK Authorised Payment Institution (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.

Payments Institute

Fintech News

JANUARY 7, 2025

Cross-border payment firm XTransfer has received the Major Payment Institution (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).

Cross-Border Payments

Fintech News

DECEMBER 3, 2024

These include the 2022 SFF Global Fintech Award, 2023 Best Cryptocurrency Payment Company by APAC Insider, 2024 PayTech of the Year and Disruptor of the Year at the Asia Fintech Awards, and a 6th place ranking on Hoptrail’s Global Anti-Money Laundering (AML) Leaderboard.

Stablecoins

Fintech Finance

JANUARY 31, 2025

AstroPay , a global leader in digital financial solutions, is redefining financial connectivity in Brazil with its strategic expansion and acquiring a coveted Payment Institution (PI) license issued by the Central Bank of Brazil.

Payments Institute

Fintech News

APRIL 7, 2025

Singapore and Hong Kong-licensed payment institution 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.

Cross-Border

The Paypers

JUNE 8, 2025

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.

Payments Institute

Fintech Finance

JANUARY 7, 2025

Paysafe (NYSE: PSFE), a global payments platform, today announced that it has received approval from the Central Bank of Brazil (BCB) for a payment institution (PI) license for the countrys launch of its regulated online sports-betting and gambling market.

Alternative Payment Methods

Fintech News

NOVEMBER 4, 2024

Razer Gold has received in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution license. This development marks a major step for the gaming-focused virtual credit platform as it prepares to expand its payment services in Singapore.

Cross-Border

Fintech News

NOVEMBER 7, 2024

Facilitated by Deutsche Bank, the initiative allows Thai buyers to make local payments through PromptPay, which are seamlessly converted for exporters. XTransfer also received in-principle approval from the Monetary Authority of Singapore in July for a Major Payment Institution License.

Cross-Border Payments

Fintech News

JANUARY 12, 2025

Reap, a Hong Kong-based payment technology provider, has received in-principle approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). Reap intends to allocate necessary resources to support its Singapore operations and strengthen compliance standards.

Cross-Border

Fintech News

OCTOBER 29, 2024

Crypto exchange Gemini has received in-principle approval (IPA) from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license. This approval allows Gemini to provide cross-border money transfer and digital payment token services in Singapore.

APACS

Finextra

AUGUST 8, 2025

has received in-principle approval from the Monetary Authority of Singapore (MAS) to add account issuance, domestic money transfers and e-money issuance to its Major Payment Institution (MPI) license.

Payments Institute

Fintech News

OCTOBER 31, 2024

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.

Cross-Border Payments

The Payments Association

JANUARY 13, 2025

Specifically, there are concerns about whether the benefits of additional reporting, record-keeping, and audit requirements outweigh the costs and whether the proposal for firms to receive relevant funds directly into a designated safeguarding account is operationally feasible in all cases.

Compliance

Finextra

AUGUST 5, 2025

has received in-principle approval from the Monetary Authority of Singapore (MAS) to add account issuance, domestic money transfers and e-money issuance to its Major Payment Institution (MPI) license.

Security

The Fintech Times

MARCH 28, 2025

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.

Stablecoins

Fintech News

NOVEMBER 18, 2024

These changes come after OKX secured a Major Payment Institution 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.

Cross-Border

Fintech Finance

NOVEMBER 29, 2024

Hans-Peter Weber, CEO at Secupay commented: “As regulated payment institution, we needed a trusted partner to enable us access to the latest technology to ensure the fast and reliable processing of cards designated for vital supplies to refugees.

Government

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

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

JUNE 29, 2025

The Monetary Authority of Singapore (MAS) has imposed a total of S$960,000 in composition penalties on five licensed Major Payment Institutions (MPIs) for breaching anti-money laundering and countering the financing of terrorism (AML/CFT) regulations.

AML

Fintech News

JULY 1, 2025

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 Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), enabling it to expand into merchant acquisition and money transfer services.

AML

Fintech Finance

JANUARY 8, 2025

1 B2B Cross-Border Trade Payment Platform , was granted the Major Payment Institution (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.

Authorization

The Fintech Times

MARCH 18, 2025

The UK’s Financial Conduct Authority (FCA) has approved Atoa Payments , an open banking-enabled payments provider, to operate as an Authorised Payment Institution (API).

Processing Costs

Fintech News

JULY 7, 2025

ShopBack , a shopping and rewards platform in Asia-Pacific, has been granted a Major Payment Institution (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.

Payments

Fintech News

AUGUST 5, 2025

TransferMate , a provider of embedded B2B payments infrastructure as a service (IaaS) based in Ireland, has announced that its Singapore entity, TransferMate Pte. has received in-principle approval from the Monetary Authority of Singapore (MAS) to extend its Major Payment Institution (MPI) license.

APACS

Fintech News

MARCH 23, 2025

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 Payment Institution (MPI) license.

Cross-Border Payments

The Fintech Times

JULY 1, 2025

Mobile Payment Solutions (MPS), Belgium’s regulated payment institution, has joined forces with open banking leader Salt Edge to launch PSD2-compliant APIs.

Mobile Payments

Fintech News

OCTOBER 27, 2024

This inclusion acknowledges the increased risk of significant losses from e-wallets and mandates robust consumer protection controls.

Phishing

Fintech News

MARCH 4, 2025

Fly Wing Technologies, a subsidiary of digital asset platform Matrixport , has received a Major Payment Institution (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.

Digital Payments

Fintech News

JUNE 1, 2025

It said the brand update reflects its growing function as an infrastructure layer for institutional money movement. Its stablecoins, XSGD and XUSD, are among the first to be recognised under MAS forthcoming Single-Currency Stablecoin framework.

Settlement

The Fintech Times

MARCH 18, 2025

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.

Online and Mobile Banking

Finextra

JUNE 9, 2025

Lemonway, the pan-European payment institution dedicated to marketplaces and crowdfunding platforms, announces the acquisition of PayGreen’s business, a French specialist in e-commerce payments.

Acquirers

The Fintech Times

DECEMBER 3, 2024

The future of payments dtcpay has also announced a collaboration with Singapore’s NETS SGQR+ initiative. It is also the first major payment institution (MPI) in Singapore to join the Luxembourg House of Financial Technology (LHoFT). This will enable stablecoin-to-fiat transactions through a unified QR code across the island.

Stablecoins