Funds agency Payoneer introduced that it has obtained in-principle approval for a Main Cost Establishment License from the Monetary Authority of Singapore (MAS).
By this license, Payoneer will quickly have the ability to provide extra funds providers similar to mass payout and card choices to corporations positioned in Singapore.
Payoneer at the moment has licenses or registrations in the US, Europe, Hong Kong, Japan, Australia and India.
Nagesh Devata
“The nod of approval from Singapore’s MAS is testomony to Payoneer’s dedication to constructing a extremely safe and efficient platform to offer the perfect providers we may to our prospects.
We’re honored to obtain in-principle approval and stay up for a fruitful partnership with MAS to advance Singapore’s Sensible Nation ambitions.”
mentioned Nagesh Devata, SVP, Asia-Pacific at Payoneer.
Tsafi Goldman
“The MAS units a excessive regulatory bar and has been very thorough and constructive all through the applying course of.
Our prospects might be assured that Payoneer Singapore is working in a extremely regulated and conducive market.”
mentioned Tsafi Goldman, Chief Authorized and Regulatory Officer at Payoneer.
