EBANX Secures In-Principle Approval for Major Payment Institution License

Article Highlights
Off On

In a significant leap for its global payment reach, EBANX, a leading global Payment Service Provider (PSP) focusing on emerging markets, has secured an In-Principle Approval (IPA) from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license. This approval positions EBANX Pte. Ltd. to offer cross-border money transfers and merchant acquisition services in Singapore, considerably enhancing its global settlement hub. This development is monumental for EBANX, as it strengthens ties with its extensive network of over 500 global enterprise merchants who rely on the company’s capabilities to navigate the increasingly interconnected world of global finance.

EBANX’s operations in the Asia-Pacific (APAC) region have seen remarkable growth, with 39% of its projected total processed volume in 2024 expected to originate from APAC. By maintaining strategic offices in Shanghai, China, and Singapore, and recently initiating payment operations in India, EBANX has continuously expanded its footprint. Del Valle, CEO and Co-founder of EBANX, emphasized that securing this approval underscores the company’s commitment to high regulatory standards and its dedication to expanding its service capabilities. This approval not only validates their operational strategies but also puts EBANX on a promising trajectory to cater to the dynamic needs of merchants across the region.

Expansion in the Asia-Pacific Region

EBANX’s history in the APAC region is marked by strategic initiatives and effective collaborations. Since its founding in 2012 with an operational hub in Singapore, the company has taken calculated steps to solidify its presence. The MPI license, when granted, will replace the current authorization from MAS for EBANX’s cross-border operations, further embedding the company into the regional financial infrastructure. This milestone is a continuation of EBANX’s efforts to align with local regulations and offer tailored payment solutions for APAC merchants. The approval follows strategic moves such as partnerships with YES BANK and the appointment of a Country Director for the newly launched Indian operations.

The company’s emphasis on the APAC market demonstrates its commitment to empowering merchants from emerging markets to expand and thrive. EBANX has become a preferred payments partner for merchants in the region, enabling growth across the e-commerce sector. By facilitating payment solutions across diverse verticals, EBANX has contributed to the success of various industries. APAC merchants benefit from EBANX’s robust infrastructure, which efficiently handles the complexities of cross-border transactions. EBANX’s approach to integrating with local markets has cemented its reputation as a reliable partner for driving business expansion in the fast-evolving digital economy.

Strengthening Operations and Partnerships

The milestones achieved by EBANX in the APAC region are a testament to its strategic expansion and effective partnerships. EBANX’s successful operations have built strong relationships with renowned companies in the region, serving diverse industries including software-as-a-service (SaaS) by Canva, gaming through Gravity Game Vision, and financial services like XTransfer and Alibaba. These collaborations highlight EBANX’s versatility in meeting the payment needs of various sectors, reaffirming its role as a trusted partner in the region’s digital commerce landscape. By continuously enhancing its service offerings, EBANX has positioned itself as a key player in the APAC market.

To further boost its growth in the APAC region, EBANX is making significant organizational changes. The company is relocating Fernanda De Fino, Global Director of Risk and Compliance, to Singapore, where she will also serve as the Executive Director. This strategic move underscores EBANX’s commitment to the APAC region, highlighting plans to expand its team and bolster its capabilities. By reinforcing its local presence, EBANX ensures that it can provide unparalleled support to its clients, meet regulatory requirements efficiently, and foster stronger relationships with regional stakeholders. The company’s proactive approach in addressing market demands demonstrates its dedication to advancing its global reach and establishing a formidable presence in APAC.

Future Implications and Steps Ahead

In a major development for its global payment operations, EBANX, a leading global Payment Service Provider (PSP) focusing on emerging markets, has secured an In-Principle Approval (IPA) from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license. This approval allows EBANX Pte. Ltd. to offer cross-border money transfers and merchant acquisition services in Singapore, significantly boosting its role as a global settlement hub. This milestone is crucial for EBANX, fortifying its relationships with over 500 global enterprise merchants who depend on the company’s expertise in global finance.

EBANX’s ventures in the Asia-Pacific (APAC) region have experienced substantial growth, with 39% of its projected processed volume in 2024 expected from APAC. With strategic offices in Shanghai, China, and Singapore, and the recent launch of payment operations in India, EBANX has been expanding its reach. Del Valle, CEO and Co-founder of EBANX, highlighted that obtaining this approval reinforces the company’s dedication to regulatory excellence and its ambition to broaden its service offerings. This approval not only affirms their operational approaches but also sets EBANX on a strong path to meet the evolving needs of merchants in the region.

Explore more

Closing the Feedback Gap Helps Retain Top Talent

The silent departure of a high-performing employee often begins months before any formal resignation is submitted, usually triggered by a persistent lack of meaningful dialogue with their immediate supervisor. This communication breakdown represents a critical vulnerability for modern organizations. When talented individuals perceive that their professional growth and daily contributions are being ignored, the psychological contract between the employer and

Employment Design Becomes a Key Competitive Differentiator

The modern professional landscape has transitioned into a state where organizational agility and the intentional design of the employment experience dictate which firms thrive and which ones merely survive. While many corporations spend significant energy on external market fluctuations, the real battle for stability occurs within the structural walls of the office environment. Disruption has shifted from a temporary inconvenience

How Is AI Shifting From Hype to High-Stakes B2B Execution?

The subtle hum of algorithmic processing has replaced the frantic manual labor that once defined the marketing department, signaling a definitive end to the era of digital experimentation. In the current landscape, the novelty of machine learning has matured into a standard operational requirement, moving beyond the speculative buzzwords that dominated previous years. The marketing industry is no longer occupied

Why B2B Marketers Must Focus on the 95 Percent of Non-Buyers

Most executive suites currently operate under the delusion that capturing a lead is synonymous with creating a customer, yet this narrow fixation systematically ignores the vast ocean of potential revenue waiting just beyond the immediate horizon. This obsession with immediate conversion creates a frantic environment where marketing departments burn through budgets to reach the tiny sliver of the market ready

How Will GitProtect on Microsoft Marketplace Secure DevOps?

The modern software development lifecycle has evolved into a delicate architecture where a single compromised repository can effectively paralyze an entire global enterprise overnight. Software engineering is no longer just about writing logic; it involves managing an intricate ecosystem of interconnected cloud services and third-party integrations. As development teams consolidate their operations within these environments, the primary source of truth—the