Reap Group Secures Payment License from MAS
Reap Group has been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS).
The fintech offers digital and blockchain-based solutions that help businesses manage accounts, spending, and payments across Asia.
- Account issuance
- Domestic money transfer
- Cross-border money transfer services
The license allows its Singapore entity to provide these services under the Payment Services Act 2019.
The milestone strengthens Reap’s regional expansion as it deepens its presence in Singapore to serve SMEs and enterprises seeking secure and efficient payment management.
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Author summary: Reap Group gets MPI license from MAS.