Payoneer: Receives in-principle regulatory approval in Singapore
- Payoneer is the world’s go-to partner for digital commerce, everywhere. From borderless payments to boundless growth
- Received in-principle approval as a Major Payment Institution License holder from the Monetary Authority of Singapore (MAS)
- The license, once received, will allow the offering of additional payments services such as mass payout and card offerings to companies
- The nod of approval from Singapore’s MAS is a testament to the dedication to building a highly secure and effective platform
- The MAS sets a high regulatory bar and has been very thorough and constructive throughout the application process
- All payments processed are made through a compliant, secure, and tightly audited payments platform
