Pyvio Singapore obtains MAS Major Payment Institution licence
Pyvio Secures MAS Major Payment Institution License
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Pyvio Singapore has obtained the Major Payment Institution (MPI) licence granted by MAS, effective from 1 November. The approved services include account issuance, domestic money transfer, cross-border money transfer, merchant acquisition and e-money issuance. Pyvio said it will use its Singapore operations as a base to provide cross-border payment services to businesses in the Asia-Pacific region.
The licence covers five services—account issuance, domestic and cross-border money transfer, merchant acquisition and e-money issuance—showing the scope of Pyvio’s regulated operations in Singapore.
Source:Fintech News Singapore · fintechnews.sg