Currencycloud receives approval for Singapore MPI license, enabling the provision of comprehensive payment services in the APAC region, enhancing financial accessibility and efficiency for businesses across multiple countries and territories.
6 March 2024 – Currencycloud, a leading provider of solutions for navigating multi-currency transactions, has been granted an In-Principle Approval (IPA) for a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS). With this milestone, Currencycloud is poised to offer a comprehensive suite of intra-regional and international payment services to businesses in Singapore, enhancing financial accessibility and efficiency in the Asia-Pacific (APAC) region.
The approval of the Singapore MPI license marks a significant advancement for Currencycloud’s expansion efforts in the APAC region, allowing businesses to seamlessly manage multi-currency transactions across various countries and territories. Leveraging its global network and multi-currency account infrastructure, Currencycloud aims to facilitate faster go-to-market service innovations for enterprises and support banks in delivering enhanced financial solutions.
