The MPI license is the gold standard for payment service providers operating at scale. Obtaining this license is a rigorous process that requires the applicant to demonstrate robust governance, risk management capabilities, and adequate capital reserves.
Following the acquisition by Network International, many merchants worried about a lapse in the . However, Network International itself holds multiple international licenses (including Central Bank of UAE and FCA in the UK). The Singapore entity remains a distinct legal subsidiary that has maintained its MPI status. 2c2p mas license
Specifically, 2C2P appears on the MAS Financial Institutions Directory. The entity is licensed to provide the following services: The MPI license is the gold standard for
The has granted 2C2P Pte Ltd a Major Payment Institution (MPI) license under the Payment Services Act 2019 (PS Act) . This license serves as a critical regulatory approval, enabling the global payments platform to offer a comprehensive suite of regulated payment services to businesses within Singapore and across the region. Scope of the MPI License The entity is licensed to provide the following
With the MPI license, 2C2P is authorized to provide three critical categories of payment services in Singapore:
This extensive authorization allows 2C2P to operate as a one-stop solution for businesses looking to navigate the complexities of digital payments in Singapore and beyond.