BC Payments Singapore receives approval for MPI license in Singapore, expanding global clearing infrastructure.

From Yahoo Finance: 2025-03-24 10:24:00

BC Payments Singapore, under Banking Circle, receives in-principle approval from MAS for MPI licence. This paves the way for global clearing infrastructure access to facilitate cross-border payments and establish a regional hub. CEO Laust Bertelsen emphasizes commitment to secure and efficient payment solutions leveraging Singapore’s regulatory framework.

BC Payments Singapore CEO Mishal Ruparel plans to double team size in Singapore office after growing presence since January 2022. The MPI licence will empower clients with fast and efficient cross-border payment solutions. The announcement follows Banking Circle’s plan to acquire Australian Settlements Limited, offering settlement and processing services in Australia.

Read more: BC Payments gets in-principle nod for MPI licence in Singapore