MAS grants MPI licence to Tazapay

Tazapay plans to expand its services across Asia and more.

Tazapay, a fintech company specialising in cross-border payments, has obtained a Major Payment Institution (MPI) licence from the Monetary Authority of Singapore (MAS) following earlier in-principle approval this year. 

The fintech said in a statement this step is an advantageous position for Tazapay to expand its services across Asia and beyond. 

ALSO READ: Finmo obtains in-principle approval for MPI licence from MAS

The MPI licence allows Tazapay to offer a comprehensive range of services, including account issuance, merchant acquisition, cross-border and domestic money transfers, and e-money issuance to its growing client base.