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Reap Wins Singapore Payment Licence, Eyes Regional Expansion
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Reap Wins Singapore Payment Licence, Eyes Regional Expansion
Hong Kong-based fintech Reap Group has secured a Major Payment Institution (MPI) licence from Singapore’s central bank, clearing a key regulatory hurdle as it looks to deepen its footprint across Southeast Asia’s growing payments market. The approval from the Monetary Authority of Singapore (MAS) allows Reap’s local unit to offer account issuance, domestic transfers, and cross-border money transfer services under the country’s Payment Services A…
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