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 113

Fintech News

JULY 1, 2024

Paxos has secured the full approval from the Monetary Authority of Singapore (MAS) to issue stablecoins under the regulator’s upcoming stablecoin framework. This approval allows Paxos to offer digital payment token services through its entity, Paxos Digital Singapore Pte. as a Major Payments Institution.

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Stablecoins Regulations Audit Cash Management 113

Finextra

MARCH 27, 2025

Fipto, a blockchain-based stablecoin payments infrastructure, has been officially licensed as a Payments Institution by the French Prudential Control and Resolution Authority (ACPR), part of the Bank of France.

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Payments Institute Stablecoins Security Blockchain 59

The Fintech Times

APRIL 5, 2024

Ripple , the provider of enterprise blockchain and crypto solutions, plans to launch a stablecoin, pegged 1:1 to the US dollar (USD). Ripple’s stablecoin will be 100 per cent backed by US dollar deposits, short-term US government treasuries, and other cash equivalents. The Ripple stablecoin will be issued on the XRP Ledger.

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Stablecoins Use Case Blockchain On-Demand 64

The Paypers

MARCH 27, 2025

French blockchain-based stablecoin payments provider Fipto has obtained a Payments Institution licence from the Prudential Control and Resolution Authority (ACPR).

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Stablecoins Payments Institute Payments Blockchain 54

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

Fintech News

JANUARY 20, 2025

These include Ethereum for smart contracts, Tether as a stablecoin, and many others that cater to diverse needs in the financial and technological landscape. Overview of Regulated Cryptocurrency Providers in Singapore As of now, Singapore has 30 major payment institutions with digital payment token service licences.

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Fintech Review

OCTOBER 7, 2024

Unlocking Global Cross-Border Payment Flows Stablecoins like XSGD are rapidly emerging as the preferred solution for on-chain cross-border payments, providing a secure and efficient alternative to traditional financial systems. XSGD will be available via Bitstamp globally, except in US and EU countries.

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Cross-Border Payments Cross-Border Stablecoins Financial Inclusion 52

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 105

Fintech News

MARCH 31, 2024

The UK fintech firm’s Authorised Payment Institution (API) license will bolster Alchemy Pay’s reach into regulated markets, supporting its goal to secure over 20 licenses in key regions including the U.S., UK, Hong Kong, Singapore, Australia, and South Korea.

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Web 3.0 Payment APIs and Integration Stablecoins Payments 112

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.

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Cross-Border Cross-Border Payments Travel Rule Regulatory Compliance 113

Fintech News

MAY 21, 2024

Balances can be transferred instantly to stablecoins like USDT and USDC. payment ecosystem by integrating licensing resources and global compliance credentials. It aims to expand alternative payment methods and introduce products tailored to various market needs. Alchemy Pay continues to build its extensive Web 3.0

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Web 3.0 Cross-Border Payments Cross-Border Alternative Payment Methods 109

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 Finance

MARCH 28, 2024

Alchemy Pay, the leading global Web3 payment solution provider, has revealed its investment in LaPay UK Ltd, a UK-based fintech dedicated to facilitating international business growth for companies. Hong Kong, Singapore, Australia, and South Korea.

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Payment APIs and Integration API FinTech Security 97

The Payments Association

JANUARY 13, 2025

Read More Navigating legal uncertainty: How the Digital Assets Bill could impact PSPs January 13, 2025 No Comments The Digital Assets Bill introduces opportunities and challenges for PSPs, from stablecoin clarity to operational overhauls, as firms navigate legal uncertainty and evolving compliance standards.

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The Fintech Times

DECEMBER 6, 2024

stablecoins for payments service providers (PSPs)) and therefore have a better home in a larger platform.” ” Consolidation amid economic and regulatory challenges Stphane Dehaies, CEO of Spendesk Financial Services Stphane Dehaies , CEO of Spendesk Financial Services , a licensed payments institution, builds on this view.

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FinTech Embedded Payments Compliance Money Laundering 72

The Fintech Times

MARCH 13, 2025

. “Securing this DFSA licence is a major milestone that will enable us to better serve the growing demand for faster, cheaper and more transparent cross-border transactions in one of the worlds largest cross-border payments hubs.”

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Cross-Border Cross-Border Payments Stablecoins Settlement 69

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. MANSA, a global fintech in cross-border payments, has closed a $10million funding round.

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

The Fintech Times

JUNE 5, 2025

.” BVNK partners with LianLian Global to bring real-time stablecoin payments to 100 markets LianLian Global , a cross-border payments provider, has joined forces with BVNK , a UK-based stablecoin payments platform, to offer stablecoin payment capabilities to merchants in more than 100 countries.

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Fintech Finance

JUNE 4, 2025

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 Stablecoins Reconciliation 52

Neopay

NOVEMBER 27, 2023

The European Council and European Parliament have struck a provisional agreement on the mandatory provision of instant credit transfers in euros and access to central bank payment rails by non-bank e-money institutions and stablecoin issuers.

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Instant Payments Non-Bank Stablecoins IBAN 52

The Fintech Times

JANUARY 29, 2024

Higlobe , a payment solution provider for global businesses and remote professionals, has joined forces Triple-A , the digital currency payment institution, to better support remote workers in the Philippines by providing instant, free payment transfers from the United States.

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Instant Payments Cross-Border Payments Cross-Border Payments 59

The Fintech Times

JULY 2, 2024

The Court of Justice of the European Union (CJEU) has overturned a permanent licence revocation by the Bank of Lithuania, reinstating ABC Projektai’ s payment institution licence. In order to operate fully from France, Circle had to obtain a digital asset service provider (DASP) registration.

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FinTech Multi-Currency Consulting Agreements 59

The Payments Association

APRIL 11, 2025

However, smaller PSPs, including fintechs, building societies, and payment institutions, may argue that they need more time, funding support, or flexibility in how adoption is phased. Larger PSPs may be more confident in their ability to integrate with RCMS quickly, particularly if theyve already made progress in onboarding.

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Fintech Finance

JUNE 3, 2025

The acquisition will strengthen dLocal in several key strategic areas, including enhanced treasury operations enabling Over the Counter FX capabilities, extended stablecoin coverage and improved payout efficiency. We are looking forward to integrating our technology and our deep bench of experts with dLocal’s massive global platform.”

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Acquirers Finance Cross-Border Payments Cross-Border 98

The Fintech Times

JANUARY 27, 2025

Expanding global footprint Ripple and its subsidiaries hold a variety of global licences, including a NY BitLicense, a NY Limited Purpose Trust Company Charter, and over 55 Money Transmitter Licences that cover its payments, custody, and stablecoin business.

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Cross-Border Payments Cross-Border Blockchain Stablecoins 75

The Payments Association

MAY 28, 2025

In light of aggressive Trump-style policies from the US and the potential of CBDCs and stablecoins to undermine the control of monetary authorities, the EU is placing growing emphasis on financial sovereignty. Initiatives such as the European Payments Initiative (EPI) and the development of a digital euro are part of a broader strategy.

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Non-Bank Central Bank Regulations Stablecoins 88