TerraPay receives MPI License from MAS, expanding its cross-border payment services in Singapore.
TerraPay, a global money movement company, has received a Major Payment Institution (MPI) License from the Monetary Authority of Singapore (MAS), marking a significant milestone in its position as a cross-border payments powerhouse. The MPI license allows TerraPay to offer services such as account issuance, domestic and cross-border money transfers, merchant acquisition, and e-money issuance, catering to the increasing demand for efficient and transparent payment solutions in the region. TerraPay now has 11 licenses and 19 regulatory approvals across 30 markets globally.
April 07, 2024
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