back Back

Circle receives Major Payment Institution license

By Delisha Fernandes

June 08, 2023

  • Circle Singapore
  • Digital Currencies
  • digital payment token

circleCircle announced it has received a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). The license allows Circle Singapore to offer digital payment token services and cross-border and domestic money transfer services in the city-state.

Circle Singapore’s receipt of the MPI license from MAS underscores Circle’s strong reputation as a responsible digital financial technology company. Additionally, it is a testament to Circle’s track record and contributions to the emerging internet-based global financial system, further cementing its position as a trusted and well-regulated operator.

As a licensed entity, Circle Singapore can fully leverage its corporate affiliates’ expertise to drive innovation, expand its offerings, and deliver excellent value to its clients and stakeholders.

“Singapore is integral to Circle’s global expansion and mission in raising global economic prosperity and through the frictionless exchange of value,” said Jeremy Allaire, Co-Founder and CEO of Circle.

“We are honoured to receive the MPI license from MAS, and we remain committed to being a part of Singapore’s dynamic economy by advancing the future of financial technology innovations in the city-state, uplifting its emerging technology and FinTech sector, and creating business and career opportunities for its technology and financial industry talent.”

“This is a significant step forward for Circle and the future of financial infrastructure and dollar digital currencies in the region,” said Dante Disparte, Chief Strategy Officer and Head of Global Policy Circle. “The receipt of the MPI license represents our continued commitment to work with forward-thinking leaders and stakeholders at a global level and contribution to Singapore’s position as a hub for responsible financial services innovation.”

Previous Article

June 08, 2023

Amazon Pay adds Affirm, expanding payment option for customers

Read More
Next Article

June 08, 2023

Beyon Money launches Flexi Savings in partnership with SICO

Read More

IBSi Daily News Analysis

Merchants, payments, UAE

July 15, 2024

Circle Singapore

Global wealth growth rebounds with major shifts expected by 2030, research reveals

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News


Open Payment Technologies launches Kuady digital wallet app in LatAm

Read More


FREENOW & Alipay+ join forces to boost travel experience for Asian tourists

Read More


Flipkart & BillDesk launch 5 new digital payment offerings & categories

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
Wealth Management & Private Banking Systems Report Q2 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2024