Fintech News Singapore· Fintech News Singapore·· 3 days agoSelectedAI score78
KPay Granted Singapore MPI License by MAS
KPay Granted Major Payment Institution License by MAS
AI brief
AI-assisted source summary · not independently verified. Content standards
MAS has granted KPay subsidiary KPay Merchant Service (Singapore) Pte. Ltd. a Major Payment Institution (MPI) license, allowing it to provide merchant acquiring, domestic remittance, and cross-border remittance services in Singapore.
Why it matters
The license covers merchant acquiring as well as domestic and cross-border remittances, and is linked to the product expansion of Online Payments and KPay POS, highlighting its business strategy in Singapore.
Source:Fintech News Singapore · fintechnews.sg