Singaporean fintech Tazapay attains a Major Payment Institution license from the Monetary Authority of Singapore (MAS), allowing it to expand its services, including cross-border payments, domestic money transfers, and e-money issuance across Asia and beyond.
4 August 2023 – Tazapay, a leading fintech firm specializing in advanced cross-border payment solutions, has achieved a significant milestone by obtaining a Major Payment Institution (MPI) license from the esteemed Monetary Authority of Singapore (MAS). Building upon the earlier in-principle approval received earlier this year, this regulatory endorsement propels Tazapay into an advantageous position to further extend its comprehensive financial services across Asia and beyond.
This pivotal advancement underscores Tazapay’s commitment to compliance, innovation, and reliability in the realm of fintech. The granted MPI license empowers Tazapay to provide an expanded array of services to its burgeoning clientele, encompassing pivotal offerings such as account issuance, merchant acquisition, seamless cross-border and domestic money transfers, and efficient e-money issuance. This regulatory green light not only solidifies Tazapay’s credibility and security but also fortifies its potential to make significant strides in reshaping the fintech landscape.
With this MPI license firmly in place, Tazapay is well-positioned to elevate its stature and redefine industry benchmarks. By embracing this regulatory green light, Tazapay is primed to drive transformative financial solutions, championing enhanced efficiency and convenience in global transactions. – source: SBR