Circle Targets Global Payments Growth With Tazapay Acquisition
The deal adds 60+ banking and fintech partners and more than $25 billion in annualized payment volume to Circle’s payments network, the companies said.
- On Tuesday, Circle Internet Group announced a definitive agreement to acquire Singapore-based payments platform Tazapay, with the deal expected to close in 2027 subject to Monetary Authority of Singapore approval.
- Circle previously invested in Tazapay during its August 2025 Series B round, which brought total funding to $57.9 million, and the startup serves more than 60 banking and fintech partners across over 100 markets.
- Tazapay processes more than $25 billion in annualized payment volume, with approximately 60% of transactions already including stablecoins, significantly expanding Circle's reach into APAC and emerging markets.
- Integrating Tazapay increases Circle's capability to "originate and terminate payments globally, near-instant and 24/7," said Irfan Ganchi, Senior Vice President of Payments at Circle, positioning USDC as the default rail for cross-border commerce.
- Circle's NYSE-traded shares fell more than 2% in Tuesday's premarket activity, though Tazapay customers can expect no disruption to service, pricing, or support as the companies prepare for the 2027 close.
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12 Articles
Financial Post
Circle Expands Global Payments Infrastructure with Agreement to Acquire Singapore-Based Cross-Border Payments Platform, Tazapay
Proposed acquisition will bring 60+ banking and fintech partners, 100+ payout markets into the Circle ecosystem, accelerating USDC distribution at scale NEW YORK & SINGAPORE — Circle Internet Group, Inc. (NYSE: CRCL), the global financial technology firm and issuer of USDC today announced it has signed a definitive agreement to acquire Tazapay, a Singapore-headquartered B2B […]
Key Points of the News Acquisition Plan: Circle agreed to the purchase of Tazapay, pending regulatory approval, with the aim of expanding its cross-border payment capabilities.Tazapay Scale: The platform processes more than $25,000 million annually and depends largely on the stablecoins, which aligns with the strategy of the company.
Circle to Buy Tazapay, Expanding USDC Cross-Border Transfers
Circle has reached an agreement to acquire Singapore-based cross-border payments platform Tazapay in a deal expected to close in 2027, the company announced Tuesday. The transaction is subject to customary closing conditions and requires approval from the Monetary Authority of Singapore. The proposed acquisition would deepen Circle’s payments infrastructure reach across Asia-Pacific and emerging markets, [...]
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