Cross-Border Payment Power-Up: Tazapay Secures MPI Licence from Singapore’s MAS

In an exciting development, Tazapay Pte. Ltd. ("Tazapay"), a leading fintech company specialising in cross-border payments, has achieved a significant milestone with the recent acquisition of a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This momentous approval from MAS solidifies Tazapay's unwavering dedication to upholding stringent regulatory compliance and operational excellence.

Nestled in the heart of a thriving international trade and commerce hub, Singapore provides the ideal strategic location for Tazapay to expand its influence across Asia and beyond. With the MPI license in hand, Tazapay is poised to offer its diverse range of services to a growing clientele. These services encompass account issuance, merchant acquisition, seamless cross-border and domestic money transfers, and efficient .e-money issuance.

Tazapay's relentless pursuit of this MPI license reflects its ambition to cater to the evolving needs of the global economy. By securing this pivotal license, Tazapay reinforces its commitment to staying at the forefront of innovation and reliability in the dynamic landscape of fintech and payment solutions.

But what is even more captivating is the potential impact of Tazapay's expanded capabilities. With the new license, the company can now unlock a world of opportunities for businesses and individuals seeking swift, secure, and hassle-free cross-border payment solutions.

CEO of Tazapay expressed his excitement, “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.

In the face of a challenging tech landscape, Tazapay stands tall, showcasing remarkable resilience and an unwavering dedication to progress. The MPI license has emerged as a catalyst, igniting a series of upcoming initiatives aimed at elevating the caliber, security, and user-friendliness of Tazapay's services. Bolstered by the triumphant closure of their series A funding, securing an impressive USD 16.9 Million, Tazapay finds itself in an enviable position to revolutionise cross-border e-commerce operations, particularly in dynamic sectors like travel, education technology, fashion & apparel, gifting, and gaming.

With this momentous milestone, Tazapay sets its sights on redefining cross-border transactions, extending a seamless and secure payment experience to businesses thriving in the vibrant e-commerce space.

Tazapay's mission remains steadfast: to make global payments as smooth and frictionless as possible. As we continue on this purpose-driven path, fuelled by unwavering commitment and a passion for innovation, the world of cross-border payments will undoubtedly witness groundbreaking advancements and a shift towards unparalleled ease and efficiency. With each step we take, Tazapay strives to shape the future of cross-border commerce, where borders are seamless and payments are seamless.

As Tazapay charts its course with the MPI license, we anticipate witnessing its continued growth and influence, empowering businesses and fostering seamless financial transactions across borders. Indeed, this achievement heralds a new era for Tazapay, and we cannot help but wonder: What ground-breaking solutions and innovations will this leading fintech pioneer come up with next?