The Canadian fintech firm Nuvei Company has
secured a Main Fee Establishment (MPI) license in Singapore as a part of its
initiative to develop operations within the Asia-Pacific (APAC) area. The approval allows Nuvei to supply numerous fee
providers, together with home and cross-border cash transfers and service provider
acquisition providers, to companies in Singapore.
Nuvei’s MPI license grants the agency the authority to
function three essential fee providers in Singapore, catering to the varied
wants of companies within the area.
Philip Fayer, Nuvei’s Chair and CEO, talked about:
“Securing this MPI license is one other important milestone as we proceed
accelerating our progress in APAC. This license enhances our service providing for
clients in Singapore by enabling us to supply further fee options,
together with worldwide cash transfers by means of direct card payouts.”
We’re happy to announce that now we have been granted a Main Fee Establishment (MPI) license by the Financial Authority of Singapore, permitting us to supply extra fee providers in Singapore 🚀
Learn the total press launch right here: https://t.co/QAo3wnaaKr pic.twitter.com/usfXQATAEH
— Nuvei (@Nuvei) April 9, 2024
Lately, Nuvei partnered with Mastercard Ship to
solidify its place within the Singapore market. The collaboration permits
companies to course of cross-border payouts to over 1.5 billion Mastercard
debit, credit score, and pay as you go playing cards globally.
The acquisition of an MPI license acquisition in
Singapore is a part of Nuvei’s broader growth technique throughout the APAC area,
which incorporates launching direct card-acquiring capabilities in Australia and
sustaining progress in China.
Count on ongoing updates as this story evolves.
The Canadian fintech firm Nuvei Company has
secured a Main Fee Establishment (MPI) license in Singapore as a part of its
initiative to develop operations within the Asia-Pacific (APAC) area. The approval allows Nuvei to supply numerous fee
providers, together with home and cross-border cash transfers and service provider
acquisition providers, to companies in Singapore.
Nuvei’s MPI license grants the agency the authority to
function three essential fee providers in Singapore, catering to the varied
wants of companies within the area.
Philip Fayer, Nuvei’s Chair and CEO, talked about:
“Securing this MPI license is one other important milestone as we proceed
accelerating our progress in APAC. This license enhances our service providing for
clients in Singapore by enabling us to supply further fee options,
together with worldwide cash transfers by means of direct card payouts.”
We’re happy to announce that now we have been granted a Main Fee Establishment (MPI) license by the Financial Authority of Singapore, permitting us to supply extra fee providers in Singapore 🚀
Learn the total press launch right here: https://t.co/QAo3wnaaKr pic.twitter.com/usfXQATAEH
— Nuvei (@Nuvei) April 9, 2024
Lately, Nuvei partnered with Mastercard Ship to
solidify its place within the Singapore market. The collaboration permits
companies to course of cross-border payouts to over 1.5 billion Mastercard
debit, credit score, and pay as you go playing cards globally.
The acquisition of an MPI license acquisition in
Singapore is a part of Nuvei’s broader growth technique throughout the APAC area,
which incorporates launching direct card-acquiring capabilities in Australia and
sustaining progress in China.
Count on ongoing updates as this story evolves.
