KPay Obtains Singapore MPI License
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On October 15, 2026, Fintech News Singapore reported that the Monetary Authority of Singapore (MAS) had granted KPay's KPay Merchant Service (Singapore) Pte. Ltd. a Major Payment Institution (MPI) license. According to the report, upon obtaining the license, the company was authorized to provide three types of payment services in Singapore: merchant acquisition, domestic remittances, and cross-border remittances. The report did not disclose the earlier background to the license grant, specific effective arrangements, business launch timeline, or other regulatory conditions. As of the publication of the report, the known development was that the relevant KPay Singapore entity had obtained an MPI license, with the authorized services listed in the report comprising the three services above.
AI-written from reports · updated 4 days ago
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- Fintech News SingaporeSelectedKPay Granted Singapore MPI License by MAS
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.
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