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). said Bill Deng, Founder and CEO of XTransfer.

Cross-Border Payments 124

Cross-Border Payments Cross-Border Payments Settlement 124

The Fintech Times

JANUARY 28, 2025

The Central Bank of Brazil has authorised the digital payments organisation, PagBrasil to operate as a payment institution (PI) in the electronic money issuer category. This achievement marks a significant milestone for PagBrasil as the digital payments solutions market continues to grow.

Central Bank 64

Central Bank Payments Institute Instant Payments Payments 64

Fintech News

DECEMBER 3, 2024

Digital payment token provider dtcpay has announced a strategic shift to exclusively support stablecoins for all its payment services starting in January 2025. By focusing on stablecoins, dtcpay aims to provide a more secure, predictable, and regulatory-compliant payment solution for businesses and consumers.

Stablecoins 129

Stablecoins Money Laundering Cryptocurrency Payments 129

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 59

Payments Institute Security Alternative Payment Methods Cross-Border Payments 59

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 98

Alternative Payment Methods Payments Payments Institute Central Bank 98

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. The companys streamlined approach to cross-border payments delivers substantial savings for users.

Payments Institute 59

Payments Institute Cross-Border Continuity Cross-Border Payments 59

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 117

APACS Cross-Border Regulatory Compliance Payments 117

Fintech News

OCTOBER 31, 2024

FXC Intelligence, a data platform specializing in the cross-border payment and e-commerce sectors, has released its annual selection of the world’s most promising cross-border payments companies in 2024. One of Singapore’s entries is Partior. million Series A funding round led by Sequoia Capital Southeast Asia.

Cross-Border Payments 130

Cross-Border Payments Cross-Border Payment APIs and Integration Multi-Currency 130

Fintech News

NOVEMBER 7, 2024

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.

Cross-Border Payments 109

Cross-Border Payments Cross-Border Payment Solutions Payments 109

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. said Adisorn Phonnarut, Global Head of Razer Gold.

Cross-Border 109

Cross-Border Payments Payments Institute On-Demand 109

Fintech Finance

AUGUST 5, 2024

. (“Pay2All”), a licensed Payment Institution authorized by the Central Bank of Brazil. The Payment Institution license will enable Nuvei to offer comprehensive payment services in Brazil as an Issuer of Electronic Currency. Further strategic expansion in LATAM is scheduled to follow.

Payments Institute 97

Payments Institute Acquirers Central Bank Payments 97

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). Founded in 2018 in Hong Kong, Reap offers payment technology solutions, including corporate cards, payout systems, and expense management tools.

Cross-Border 106

Cross-Border Payments Compliance Payments Institute 106

Fintech Finance

SEPTEMBER 9, 2024

Ltd. (“JST Singapore”) has received an in-principle approval for a Major Payment Institution (MPI) licence from the Monetary Authority of Singapore (MAS) to provide digital payment token service.

Payments Institute 97

Payments Institute Payments Authorization On-Demand 97

Finextra

APRIL 23, 2024

Singapore-based fintech startup Qashier announced today that the company has been awarded in-principle approval by the Monetary Authority of Singapore (MAS) for a major payment institution (MPI) licence to offer merchant acquisition services, and domestic and cross-border money transfer services.

Payments Institute 99

Payments Institute Cross-Border Authorization Payments 99

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 107

Cross-Border Accounts Payment Reconciliation Funds Transfer 107

Fintech Finance

NOVEMBER 4, 2024

Wise, the global technology company building the best way to move and manage the world’s money has been granted direct access to InstaPay, the Philippines’ real-time payment system, and can also directly settle with the Bangko Sentral ng Pilipinas’ (BSP) real-time gross payment system, PhilPaSS Plus.

Instant Payments 98

Instant Payments Settlement Accounts Cross-Border Payments 98

Fintech Finance

OCTOBER 15, 2024

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 Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS).

Payments Institute 98

Payments Institute Authorization Payments Finance 98

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 64

Stablecoins Security Digital Currency Accreditation 64

The Paypers

MAY 3, 2022

Singapore-based ecommerce platform Shopee has gotten authorisation from Brazil’s central bank to operate as a payment institution.

Payments Institute 76

Payments Institute Central Bank Payments 76

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. Banking Circle is regulated by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg.

Cross-Border Payments 69

Cross-Border Payments Cross-Border Multi-Currency Payments 69

The Payments Association

MARCH 19, 2024

TerraPay, a company specialising in global cross-border payments, has recently been granted a Major Payment Institution (MPI) License by the Monetary Authority of Singapore (MAS). This development is part of […] Read more

Payments Institute 88

Payments Institute Authorization Cross-Border Payments Cross-Border 88

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 73

Digital Payments Payments Payments Institute Facilitators 73

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 98

Central Bank Best Practices Risk Management Payments Institute 98

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 113

Cross-Border Verification Payments Institute Participant 113

The Payments Association

JANUARY 13, 2025

Decoding the FCA's safeguarding reforms: Practical steps for payments and E-money firms January 3 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? The FCA’s proposed safeguarding reforms for payments and e-money firms, aiming to enhance consumer protection and operational compliance.

Compliance 88

Compliance Audit Legal Reconciliation 88

Finextra

MARCH 6, 2025

Hex Technologies Pte Ltd (Hex Trust, and together with its affiliates, the Hex Trust Group), a leading digital assets financial institution specializing in custody and trading services, announced that it has received a Major Payment Institution (MPI) License from the Monetary Authority of Singapore (MAS).

Payments Institute 64

Payments Institute Authorization Payments Technology 64

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). Now, with FCA authorisation, Atoa is accelerating its mission to bring fast, secure, and cost-effective payments to larger enterprises.

Processing Costs 59

Processing Costs Payment Security Process Security 59

The Paypers

DECEMBER 9, 2022

Google Pay has received a license to operate as a payment institution in Brazil, allowing it to initiate payment transactions.

Payments Institute 69

Payments Institute Central Bank Payments Transactions 69

Finextra

JANUARY 27, 2025

PagBrasil, a technology company focused on digital payments, has received authorization from the Central Bank of Brazil to operate as a Payment Institution (PI) in the electronic money issuer category.

Payments Institute 52

Payments Institute Central Bank Issuers Payments 52

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).

Rules 88

Rules Payments Institute Authorization Reconciliation 88

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 105

Authorization Cross-Border Cross-Border Payments Regulatory Compliance 105

Fintech News

MARCH 18, 2025

The Monetary Authority of Singapore (MAS) has granted FlexM , a global fintech conglomerate, a Major Payment Institution (MPI) license. FlexM provides financial technology solutions to other financial institutions, covering payments, merchant acquisition, remittances, and regulatory compliance.

Cross-Border 65

Cross-Border Regulatory Compliance Financial Inclusion Payments 65

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.

Payments Institute 59

Payments Institute Stablecoins Security Blockchain 59

The Paypers

JANUARY 8, 2025

dLocal has acquired an Authorised Payment Institution licence from the Financial Conduct Authority , aiming to start onboarding merchants in the UK.

Payments Institute 53

Payments Institute Security Authorization Acquirers 53

Finextra

NOVEMBER 27, 2024

French spend management platform Spendesk has launched a financial services division operating under a licence from Autorité de contrôle prudentiel et de résolution, giving the firm end-to-end control over its payment services infrastructure.

Payments Institute 64

Payments Institute Payments 64

Finextra

AUGUST 5, 2024

Pay2All”), a licensed Payment Institution authorized by the Central Bank of Brazil. 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.

Payments Institute 52

Payments Institute Acquirers Central Bank Agreements 52

Finovate

JANUARY 10, 2025

Transcard has partnered with Xodus Travel Services to enhance digital payment experiences with its SMART Suite platform. Financial Conduct Authority (FCA) to serve as a payment institution in theU.K. Tennessee-based Transcard is bringing its payment orchestration capabilities north of the border this week.

Multi-Currency 52

Multi-Currency Real Time Payments Payments Authorization 52