licence
GIC-backed Coda Payments gets MAS’ in-principle nod for major payment institution licence
Holders are allowed to conduct multiple transactions without being subjected to certain threshold limits on transaction volume or float PAYMENTS firm Coda Payments has received in-principle approval from the Monetary...
Crypto exchange Gemini gets MAS’ in-principle nod for major payment institution licence
AMERICAN cryptocurrency exchange Gemini has received in-principle approval from the Monetary Authority of Singapore (MAS) for a major payment institution licence. This licence will allow it to provide cross-border money...
Sea forms consortium to apply for virtual bank licence in Thailand
E-COMMERCE and gaming company Sea has partnered four Thai companies, including conglomerate BTS Group Holdings, to apply for a virtual bank licence in Thailand. The other three Thai companies...
Q&M unit temporarily halts operations at one of its labs after licence lapses
ACUMEN Diagnostics, a subsidiary of Q&M Dental Group, has temporarily ceased operations at one of its labs after its licence was allowed to lapse. Acumen was notified by the...
Cordlife accepts MOH notice on licence change to resume cord-blood banking services
It will be allowed to collect, test, process and/or store no more than 30 units of new cord blood per month from Sep 15 to Jan 13, 2025CORDLIFE has...
Digital bank Revolut secures UK banking licence
BRITISH fintech company Revolut said on Thursday (Jul 25) it had obtained a long-awaited UK banking licence – but must wait to lend money and take deposits as it...
XTransfer gets in-principle approval from MAS for major payment institution licence
CHINESE cross-border trade payment platform XTransfer has received in-principle approval from the Monetary Authority of Singapore (MAS) for a major payment institution licence (MPI).This licence will allow XTransfer to...
Malaysia weighs casino licence to revive Forest City
MALAYSIA is in early discussions with tycoons on opening a casino in Johor’s Forest City, sources familiar with the matter said, in a bid to revive the beleaguered US$100...
Fintech startup Qashier gets in-principle approval for major payment institution licence from MAS
SINGAPORE-BASED fintech startup Qashier was granted in-principle approval for a major payment institution licence by the Monetary Authority of Singapore (MAS). This means that Qashier’s payment services – domestic...
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