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Tazapay attains Singapore license to strengthen cross border payments

By Gloria Mathias

August 09, 2023

  • APAC news
  • Cross Border Digital Payments
  • Cross Border Payments
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Tazapay, FinTech, Payments, Cross-border payments, MPI, Major Payments Institutions, Monetary Authority of Singapore, Digital InnovationTazapay, a FinTech company specialising in cross-border payments, has announced the attainment of a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS).

The approval from MAS further underpins Tazapay’s commitment to robust regulatory compliance and operational excellence. Following the in-principal approval earlier this year, Tazapay Secures MPI License bolstering its cross-border payment capabilities.

The MPI licence allows the company 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 across Asia and beyond.

Rahul Shinghal, CEO of Tazapay said, “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.”

With this milestone, Tazapay aims to redefine cross-border transactions, offering businesses a seamless and secure payment experience in the vibrant e-commerce space. The journey continues, and Tazapay remains dedicated to its mission of making global payments as smooth and frictionless as possible.

Tazapay is a Singapore-based FinTech company designed to redefine the cross-border payment experience. The platform allows businesses to easily transact, offering an array of card and local payment options. Its unified interface simplifies onboarding, allowing businesses to partner with just one entity, streamlining their payment process. Tazapay continues to drive global business growth by offering a trusted and accessible platform for cross-border e-commerce transactions.

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