COINOTAG News reported on December 1, citing Cointelegraph, that Ripple has secured regulatory clearance from the Monetary Authority of Singapore to broaden its payments business in Singapore via its local arm Ripple Markets APAC. The milestone expands the group’s MPI (Major Payment Institution) license under MAS and aligns with its broader strategy to scale through acquisitions and institutional services.
Monica Long, Ripple’s CEO, highlighted Singapore’s forward-looking regulatory regime and said the expanded MPI license will strengthen Ripple’s ability to invest in Singapore and build the infrastructure needed for financial institutions to move funds quickly, securely, and efficiently.
This development underscores Ripple‘s strategy to expand via acquisitions and institutional services while enhancing the region’s payments rails across Asia-Pacific.
Source: https://en.coinotag.com/breakingnews/ripple-secures-mas-approval-to-expand-regulated-payment-services-in-singapore-under-major-payment-institution-license
