KPay Granted Major Payment Institution License by MAS

The Monetary Authority of Singapore (MAS) has granted KPay a Major Payment Institution (MPI) license. The license, held by subsidiary KPay Merchant Service (Singapore) Pte. Ltd. under the Payment Services Act 2019, authorises KPay to provide merchant acquisition, domestic money transfer and cross-border money transfer services in Singapore. MAS gave KPay in-principle approval for the [...] The post KPay Granted Major Payment Institution License by MAS appeared first on Fintech Singapore.