Payoneer Singapore, a subsidiary of Payoneer International,
has obtained a Main Fee Establishment License from the Financial
Authority of Singapore (MAS).
The license allows the corporate to broaden its product spectrum and introduce a
host of latest providers in Singapore.
Based on an announcement
launched by the corporate immediately (Wednesday), the license would allow Payoneer to
introduce providers, corresponding to cross-border cash transfers, e-money issuance, and
service provider acquisition . The corporate mentioned these providers are anticipated to boost
the comfort of economic transactions and contribute to the expansion of
companies of various sizes.
Nagesh Devata, the
Senior Vice President of Asia-Pacific at Payoneer, mentioned: “We categorical our
gratitude for the nod of approval from Singapore’s MAS. It definitely is a
validation of our dedication to constructing a strong and clear platform that
delivers one of the best providers to our prospects and companions.”
Payoneer welcomes
the license to affirm its dedication to regulatory compliance. The corporate goals
to make use of the chance to broaden its fee providers for small and
medium-sized companies within the nation. Payoneer was based in 2005 and allows companies, particularly these in rising markets, to obtain and make funds.
UK Presence and Regulatory
Approvals
In February, Finance
Magnates reported that
the Nasdaq-listed fintech agency had obtained
an digital cash license (EMI)
from the UK Monetary Conduct Authority (FCA). This license, which is widespread
amongst distinguished fintech startups like Revolut, permits Payoneer to supply fee
providers and numerous monetary merchandise within the UK.
Within the wake of Brexit,
Payoneer has sought the approval of the FCA in response to the altering panorama
for cross-border operations. The corporate holds regulatory approvals within the US,
Eire, Hong Kong, Japan, Australia, and India.
Two
weeks in the past, Payoneer introduced the acquisition of Spott, an Israel-based
real-time knowledge platform that makes use of AI to quantify knowledge for companies to make higher
selections. The combination of applied sciences allows Payoneer
to boost its working capital merchandise by improved underwriting
capabilities.
Payoneer Singapore, a subsidiary of Payoneer International,
has obtained a Main Fee Establishment License from the Financial
Authority of Singapore (MAS).
The license allows the corporate to broaden its product spectrum and introduce a
host of latest providers in Singapore.
Based on an announcement
launched by the corporate immediately (Wednesday), the license would allow Payoneer to
introduce providers, corresponding to cross-border cash transfers, e-money issuance, and
service provider acquisition . The corporate mentioned these providers are anticipated to boost
the comfort of economic transactions and contribute to the expansion of
companies of various sizes.
Nagesh Devata, the
Senior Vice President of Asia-Pacific at Payoneer, mentioned: “We categorical our
gratitude for the nod of approval from Singapore’s MAS. It definitely is a
validation of our dedication to constructing a strong and clear platform that
delivers one of the best providers to our prospects and companions.”
Payoneer welcomes
the license to affirm its dedication to regulatory compliance. The corporate goals
to make use of the chance to broaden its fee providers for small and
medium-sized companies within the nation. Payoneer was based in 2005 and allows companies, particularly these in rising markets, to obtain and make funds.
UK Presence and Regulatory
Approvals
In February, Finance
Magnates reported that
the Nasdaq-listed fintech agency had obtained
an digital cash license (EMI)
from the UK Monetary Conduct Authority (FCA). This license, which is widespread
amongst distinguished fintech startups like Revolut, permits Payoneer to supply fee
providers and numerous monetary merchandise within the UK.
Within the wake of Brexit,
Payoneer has sought the approval of the FCA in response to the altering panorama
for cross-border operations. The corporate holds regulatory approvals within the US,
Eire, Hong Kong, Japan, Australia, and India.
Two
weeks in the past, Payoneer introduced the acquisition of Spott, an Israel-based
real-time knowledge platform that makes use of AI to quantify knowledge for companies to make higher
selections. The combination of applied sciences allows Payoneer
to boost its working capital merchandise by improved underwriting
capabilities.
