TransferMate Gains MAS Approval to Expand B2B Payments Offering in Singapore

TransferMate, the global leader in embedded B2B payments infrastructure, has secured in-principle approval from the Monetary Authority of Singapore (MAS) to extend its Major Payment Institution (MPI) licence. The approval allows TransferMate Pte. Ltd. to offer account issuance, domestic money transfers, and e-money issuance—enhancing its ability to serve businesses operating in and out of Asia’s financial epicentre.

This milestone enables TransferMate’s clients to hold funds locally in Singapore through its Global Accounts solution, simplifying payroll, supplier payments, currency conversion, and cross-border cash management—all from a single platform.

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