Tazapay Obtains Major Payment Institution License in Singapore

Following the in-principle approval​ this February, Tazapay Pte. Ltd. ("Tazapay") a leading fintech company specialising in cross-border payments, announced the attainment of a Major Payment Institution (MPI) licence from the Monetary Authority of Singapore (MAS). 

Singapore, known as a hub for international trade and commerce, offers the perfect vantage point for Tazapay to expand its reach and impact across Asia and beyond. The MPI licence allows Tazapay to extend its full suite of services, spanning account issuance, merchant acquisition, cross-border and domestic money transfers, and e-money issuance, to its growing client base.

Rahul Shinghal, CEO of Tazapay, commented: "Receiving this licence from MAS is a remarkable milestone in our journey. It not only signifies our commitment to delivering the highest standards of regulatory compliance but also paves the way for us to provide even more innovative and mission-critical cross-border payment solutions. As a Singapore-born and headquartered company, we view this achievement with immense pride and gratitude."