Fintech News

NOVEMBER 3, 2024

Anchorage Digital Singapore, a crypto platform, has obtained a Major Payment Institution 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.

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On-Demand Settlement Regulations Payments Institute 113

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.

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Authorization Cross-Border Cross-Border Payments Regulatory Compliance 105

The Payments Association

MAY 23, 2025

PEXA, the world’s leading digital property exchange platform, today announced that the Financial Conduct Authority (FCA) has approved its application to become an authorised payment institution (API). This includes the development of PEXA Pay, the seventh net settlement payment scheme to clear through the Bank of England.

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Product Facilitators Settlement Transactions 88

Finovate

JUNE 9, 2025

The Bank of International Settlements (BIS) and the Bank of England (BoE) collaborate on testing to see if AI can spot fraudulent activity in retail payments data. Payments Zimpler earns status as a Certified Payment Institution in Brazil.

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Credit Union FinTech Fraud Detection Verification 52

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.

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SWIFT Payments Institute Payments Settlement 110

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). By offering an easy alternative to both card payments and manual bank transfers, Atoa aims to address key inefficiencies in the payments ecosystem.

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Processing Costs Payment Security Process Security 59

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). Payment Account Information Services – Providing real-time transaction data insights for businesses.

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Payments Institute Security Payment APIs and Integration Settlement 66

The Payments Association

OCTOBER 23, 2024

On 25 September 2024, the UK Financial Conduct Authority (FCA) published its long-awaited Consultation Paper (CP24/20) setting out proposed changes to the safeguarding rules applicable to electronic money institutions (EMIs) and payment institutions (PIs) (together, payments firms).

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Rules Payments Institute Authorization Reconciliation 88

Fintech News

NOVEMBER 6, 2024

Singapore-headquartered payment institution FOMO Pay has partnered with global financial services provider BNY to enhance USD payment services for corporate clients. The collaboration integrates BNY’s payment infrastructure with FOMO Pay’s offerings.

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Multi-Currency Cross-Border APACS Financial Inclusion 106

Fintech News

NOVEMBER 10, 2024

QCP Trading, a provider of over-the-counter (OTC) spot trading services for digital assets, has been granted in-principle approval for a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS).

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Regulations Payment APIs and Integration Settlement Stablecoins 104

The Fintech Times

JANUARY 8, 2025

The Monetary Authority of Singapore (MAS) has grantedChina-based B2B cross-border trade payment platform, XTransfer , a Major Payment Institution (MPI) licence, enabling it to provide a range of money transfer services in the region. This enables uninterrupted fund circulation throughout the trade process.

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Cross-Border Payments Cross-Border Payment Solutions Security 59

The Fintech Times

APRIL 8, 2025

Plaid , a payment institution regulated by the Financial Conduct Authority (FCA), has raised around $575million in a fundraise led by Franklin Templeton , alongside Fidelity Management and Research.

FinTech 59

FinTech Settlement Non-Bank AI 59

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

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Stablecoins Security Cross-Border Settlement 111

Fintech News

MAY 28, 2024

As part of this expansion, B2C2 shared that it will apply for a Major Payment Institution license from the Monetary Authority of Singapore. Backed by the Japanese financial services group SBI, B2C2 offers credit, deep liquidity, competitive pricing, and market-leading settlement services to institutional clients.

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APACS Settlement Advisors Regulations 111

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 Zack Yang, Co-founder of FOMO Pay.

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Cross-Border Payments Cross-Border Gateways Central Bank 128

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.

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Accreditation Regulatory Compliance Settlement Digital Payments 114

Fintech Finance

DECEMBER 5, 2024

By collaborating with Rain, BitGo, and Visa, Nuvei delivers a seamless and secure blockchain payment experience that empowers LATAM merchants to use their physical or virtual card supported by Visa to make payments using stablecoins from a digital asset wallet anywhere Visa is accepted. .

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Payment Solutions Blockchain Stablecoins Cross-Border 97

PYMNTS

JANUARY 19, 2017

Geoswift, a provider of cross-border payment solutions between China and the rest of the world, announced Wednesday (Jan. unit, Geoswift UK, has received authorization as a payment institution from the Financial Conduct Authority (FCA). 18) that its U.K.

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Payments Institute Authorization Cross-Border Cross-Border Payments 40

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 (..)

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Digital Payments FinTech Laws Credit Cards 59

Fintech News

AUGUST 12, 2024

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 Payment Institution 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.

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Cross-Border Cross-Border Payments Correspondent Bank Real Time Payments 107

Fintech News

JANUARY 9, 2024

This ecosystem is expected to address the needs of institutional investors, offering solutions like reduced risks in counterparty and settlement, and capital efficiencies through innovative risk management processes.

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Risk Management On-Demand Risk Settlement 111

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.

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Service Provider Cryptocurrency Payments Institute Blockchain 98

Fintech News

JUNE 12, 2024

The G20 Roadmap for Enhancing Cross-border Payments of the Financial Stability Board (FSB) also lists them as a key priority for enhancing such payments. This needs to be sorted out for multilateral payment platforms to fully harness the benefits of interoperability through multilateral payment platforms.

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Cross-Border Payments Cross-Border Interoperability Payments 120

The Fintech Times

MAY 31, 2025

.” Founded in Singapore in 2021, Finmo’s all-in-one platform offers real-time payment capabilities, cash flow visibility, foreign exchange (FX) risk management, compliance automation, and liquidity optimisation. Finmo holds a Major Payment Institution (MPI) licence from the Singaporean authorities.

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APACS FinTech Treasury Issuers 51

Fintech Finance

AUGUST 12, 2024

This continued expansion is a step towards Nium’s commitment to revolutionizing the global payments landscape in this strategic region. BS2 also joined Nium’s network of partner banks, acting as Nium´s Brazilian Real (BRL) Correspondent Bank and assisting real-time payment settlement for cross-border Pix transfers.

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Real Time Payments Cross-Border Payments Cross-Border Central Bank 98

The Fintech Times

MARCH 13, 2025

Recognising increasing demand across the Middle East from crypto-native firms and traditional financial institutions, Ripple aims to address many of the challenges traditionally associated with cross-border payments – such as high fees, long settlement times, and lack of transparency.

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Cross-Border Cross-Border Payments Settlement Stablecoins 69

Fintech Finance

JUNE 4, 2025

Kraken , one of the longest-standing, most liquid, and secure crypto platforms, has chosen Ivy as a new instant payment provider in Europe. Ivy’s payment platform is one of the de facto standards for European crypto leaders, offering crypto-native accounts, real-time deposits, withdrawals, and settlement in stablecoins.

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IBAN Payments Reconciliation Stablecoins 81

Fintech Finance

MAY 28, 2025

Founded in Singapore in 2021, Finmo ‘s all-in-one platform offers real-time payment capabilities, cash flow visibility, foreign exchange (FX) risk management, compliance automation, and liquidity optimisation. Finmo holds an Major Payment Institution (MPI) license from the Singaporean authorities and is committed to expanding globally.

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APACS Treasury Issuers Payments 92

Finovate

JANUARY 17, 2025

. “We are pleased to work with Belvo to offer our clients in the country access to a best-in-class direct debit solution, providing higher transaction success rates, new features such as partial debit payments, and more efficient settlements,” Francisco Molina Viamonte, Head of Mexico for J.P. Morgan Payments said.

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Cross-Border Payments Cross-Border Payments Acquirers 65

The Fintech Times

FEBRUARY 20, 2025

his dual role, Bailey will oversee the commercial and regulatory functions of TrueLayer Ireland, which holds a European Payments Institution licence and is regulated by the Central Bank of Ireland. He will also manage TrueLayers European operations.

FinTech 64

FinTech Cross-Border Payments Disaster Recovery Online and Mobile Banking 64

The Payments Association

JANUARY 30, 2025

In some cases, firms that initially secured a Small licensesuch as a small payment institution (SPI) or small electronic money institution (SEMI)later find themselves struggling when attempting to upgrade to full authorisation on the basis or their increased volumes.

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Consulting Compliance Payments Regulations 88

PYMNTS

JULY 9, 2020

This is the end of light-touch regulation of e-money and payment institutions.” . “The sector has reached the scale where more regulation is required,” Matt Hopkins, audit director at BDO, the global financial advisory firm, told the newspaper.

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Rules Third-Party Service Provider Money Laundering Regulations 67

The Fintech Times

AUGUST 13, 2024

Nium , the global real-time cross-border payments provider, is looking to strengthen its presence in Latin America by applying for new payment licenses, joining fintech associations, growing its team, and signing new customers.

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Cross-Border Payments Cross-Border Real Time Payments Correspondent Bank 69

Finovate

FEBRUARY 14, 2024

Decentralized finance company Ripple acquired Standard Custody & Trust Company, a firm that offers institutional-grade custody, escrow, and settlement platform for digital assets. The company and its subsidiaries have acquired a New York BitLicense, nearly 40 U.S.

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Acquirers Regulatory Compliance Settlement Blockchain 52

Fintech News

JULY 3, 2024

A snapshot of Singapore’s crypto landscape According to the latest report by Triple-A, a licensed cryptocurrency payment institution, Singapore boasts one of the highest cryptocurrency ownership rates globally. This places the island nation significantly above the worldwide average of 6.8

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Financial Literacy Cryptocurrency Digital Currency Accreditation 107

The Fintech Times

JULY 2, 2024

Their unified ecosystem replaces banks’ “creaky old core systems with a cloud-based powerhouse that streamlines debt collection workflows from start to finish” Company updates Global fintech Conotoxia introduces three more settlement currencies for multi-currency cards.

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FinTech Multi-Currency Consulting Agreements 59

Fintech Review

OCTOBER 7, 2024

By offering greater financial inclusion and opening access to new markets, XSGD will drive digital asset adoption and accelerate innovation in cross-border payments. This trusted and secure stablecoin offers users a reliable solution for global cross-border payments, making it a pivotal tool for the future of digital transactions.

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Cross-Border Payments Cross-Border Stablecoins Financial Inclusion 52