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Adyen expands acquiring capabilities to Japan amid growing momentum for cashless payments

Adyen expands acquiring capabilities to Japan amid growing momentum for cashless payments
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Global Payments Fintech Adyen Acquires Approval from MAS to Perform Merchant Acquistion Services in Singapore

Global Payments Fintech Adyen Acquires Approval from MAS to Perform Merchant Acquistion Services in Singapore May 5, 2021 @ 10:04 pm By Omar Faridi Adyen (AMS: ADYEN), a global payments solution provider, reveals that its Singapore-based business entity has managed to acquire approval from the Monetary Authority of Singapore (MAS). The permit will allow Adyen to perform merchant acquisition services under the Payment Services Act 2019 (PSA). Effective from May 1, 2021, Adyen Singapore‘s license to serve as a Major Payment Institution under the PSA has reportedly been expanded to include merchant acquisition and local fund  transfer services (in addition to the previously licensed business activity of cross-border or international money transfer service).

Adyen Singapore now licensed under Payment Services Act as a Major Payments Institution

External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Adyen Singapore now licensed under Payment Services Act as a Major Payments Institution 4 hours ago Source: Adyen Adyen, the global payments platform of choice for many of the world s leading companies, today announced that its Singapore entity, Adyen Singapore Pte Ltd, has received approval from the Monetary Authority of Singapore (MAS) to carry out merchant acquisition services under the Payment Services Act 2019 (PSA). Effective from 1 May 2021, Adyen Singapore s license as a Major Payment Institution under the PSA has been expanded to include merchant acquisition and domestic money transfer services, on top of the previously licensed activity of cross-border money transfer service. Adyen Singapore is the first global payments provider to be licensed for the newly regulated activity o

Contactless payment, membership model to reshape Singapore retail in 2021: Adyen

Contactless payment, membership model to reshape Singapore retail in 2021: Adyen
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