Close Menu
    Facebook LinkedIn YouTube Instagram X (Twitter)
    Blue Tech Wave Media
    Facebook LinkedIn YouTube Instagram X (Twitter)
    • Home
    • Leadership Alliance
    • Exclusives
    • Internet Governance
      • Regulation
      • Governance Bodies
      • Emerging Tech
    • IT Infrastructure
      • Networking
      • Cloud
      • Data Centres
    • Company Stories
      • Profiles
      • Startups
      • Tech Titans
      • Partner Content
    • Others
      • Fintech
        • Blockchain
        • Payments
        • Regulation
      • Tech Trends
        • AI
        • AR/VR
        • IoT
      • Video / Podcast
    Blue Tech Wave Media
    Home » XTransfer gets MAS licence for cross-border payments
    Fin-tech
    Fintech

    XTransfer gets MAS licence for cross-border payments

    By Fiona XuJanuary 13, 2025No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email
    • XTransfer has secured a MAS licence, enabling it to provide cross-border payment solutions in Singapore.
    • This move addresses the increasing demand for efficient international transactions, particularly among SMEs.

    What happened: XTransfer secures MAS licence for payments

    XTransfer has successfully secured a licence from the Monetary Authority of Singapore (MAS), enabling the company to offer cross-border payment solutions in the region. This development comes as part of a strategic effort to meet the growing demand for efficient international payment services.

    As global trade continues to expand, businesses increasingly seek faster and more reliable payment options. The MAS licence positions XTransfer to serve a diverse clientele, including small and medium-sized enterprises (SMEs) looking to streamline their cross-border transactions. This milestone reflects XTransfer’s commitment to enhancing financial services in Singapore and facilitating smoother international trade.

    Also read: Lloyds and PayPoint partner to boost payments for UK SMEs
    Also read: Aevi partners with LEGI.ONE to boost SMEs’ cashless payments

    Why this is important

    The acquisition of the MAS licence is significant for several reasons. It not only highlights XTransfer’s dedication to expanding its footprint in Southeast Asia but also underscores the broader trend of fintech companies gaining regulatory approval in key markets.

    As businesses navigate the complexities of international payments, regulatory endorsements like this one reassure clients about compliance and security. The fintech landscape is evolving rapidly, with companies like TransferWise and PayPal also striving to simplify cross-border payments. As competition intensifies, the ability to provide efficient, cost-effective solutions becomes paramount for success.

    Moreover, this development aligns with Singapore’s ambition to be a global fintech hub, fostering innovation and attracting international talent. By streamlining payment processes, XTransfer’s services can enhance cash flow for SMEs, empowering them to compete on a global scale.

    This advancement not only benefits businesses but also contributes to the overall growth of the economy, making it a crucial story for anyone interested in the future of finance and international trade.

    cross-border payment solutions MAS licence SMEs XTransfer
    Fiona Xu

    Fiona Xu is an intern reporter at BTW Media, having studied Media Management at Hong Kong Baptist University. She specialises in tech reporting and investigative journalism. Contact her at f.xu@btw.media.

    Related Posts

    Bank of Africa Kenya: Supports small firms beyond big-bank reach

    July 11, 2025

    Zenith Bank Ghana Ltd: Driving digital banking

    July 10, 2025

    Reverse AFRINIC’s election annulment, honor the votes, uphold the rule of law

    July 10, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    CATEGORIES
    Archives
    • July 2025
    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • October 2024
    • September 2024
    • August 2024
    • July 2024
    • June 2024
    • May 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • August 2023
    • July 2023

    Blue Tech Wave (BTW.Media) is a future-facing tech media brand delivering sharp insights, trendspotting, and bold storytelling across digital, social, and video. We translate complexity into clarity—so you’re always ahead of the curve.

    BTW
    • About BTW
    • Contact Us
    • Join Our Team
    TERMS
    • Privacy Policy
    • Cookie Policy
    • Terms of Use
    Facebook X (Twitter) Instagram YouTube LinkedIn

    Type above and press Enter to search. Press Esc to cancel.