TransferMate receives in-principle approval from MAS to add payment services to MPI license

TransferMate Obtains In-Principle Approval From MAS to Add Payment Services

The approval enables TransferMate Pte. Ltd. to expand its services in Singapore, allowing clients to store funds in dedicated local Global Accounts.  The company stated that this enhancement will make it easier for customers with Asian operations to transfer money in and out of the region, convert currencies, and manage payroll and supplier payments from a single platform. “Singapore is fast becoming the financial heartbeat of Asia, and securing…

TransferMate receives in-principle approval from MAS to add payment services to MPI license

TransferMate Pte. Ltd. has received in-principle approval from MAS to add account issuance, domestic money transfers and e-money issuance.