Singapore-based cross-border payments company Tazapay has secured a Money Service Operator (MSO) license in Hong Kong.
The acquisition of the Tazapay Hong Kong license is a significant step forward in the firm’s commitment to providing a robust and compliant cross-border payment infrastructure for global businesses.
Announcing the regulatory approval on LinkedIn, Tazapay Co-Founder and CEO, Rahul Shinghal, emphasised the company’s core mission to build a “next-generation money movement network, built entirely on modern rails.”
Shinghal highlighted the jurisdiction’s status as an undeniable economic powerhouse, the ultimate gateway to China, and the world’s largest offshore Renminbi (RMB) clearing center.
With the MSO license now secured, Tazapay can better support businesses as they scale securely across these vital, high-volume economic corridors.
By embedding compliance deeply into its payment architecture, the firm aims to ensure that its clients can safely accelerate their global commerce operations.
“Here’s to building the infrastructure for tomorrow’s global economy,”
Shinghal added.
This regulatory milestone closely follows Tazapay’s recent US$36 million Series B funding extension, which the company specifically earmarked to support further licensing expansion and commercial growth across global markets.
Featured image credit: Edited by Fintech News Hong Kong, based on image by Trend2023 via Magnific