Ripple Approved to Expand Payment Services in Singapore

Source: Coinomedia Original Title: Ripple Approved to Expand Payment Services in Singapore Original Link: https://coinomedia.com/ripple-singapore-license/ Ripple has taken a major step forward in its global expansion by securing full approval from the Monetary Authority of Singapore (MAS) to operate under the Major Payment Institution (MPI) license. This milestone allows Ripple to provide end-to-end, fully regulated payment services in Singapore — one of Asia’s leading financial hubs.

Singapore has long been recognized for its crypto-friendly regulations and forward-thinking approach to fintech. By obtaining full MPI approval, Ripple can now expand its payment offerings and better serve institutional and enterprise clients across the region.

This development is part of Ripple’s broader strategy to grow its presence in Asia-Pacific, where demand for blockchain-based payment solutions is on the rise.

What the Approval Means for Ripple

Previously, Ripple had received in-principle approval from MAS. The full MPI license now allows the company to offer a complete suite of digital payment token services. This includes cross-border transfers, merchant acquisition, and digital currency transactions — all under Singapore’s clear regulatory framework.

Ripple’s CEO Brad Garlinghouse has often praised Singapore’s supportive stance on crypto innovation. With this license, Ripple is better positioned to support its customers, especially those looking for reliable and compliant payment infrastructure in the region.

This approval also gives Ripple a competitive edge over other crypto companies that are still struggling to meet regulatory requirements in other jurisdictions.

Ripple’s Growing Influence in Asia

The Asia-Pacific region continues to be a key market for Ripple. The company’s Singapore office has served as its Asia-Pacific headquarters, and the new license strengthens its operations even further.

As traditional finance increasingly integrates with blockchain technologies, regulatory clarity becomes crucial. Ripple’s full MPI license not only boosts its credibility but also reinforces Singapore’s status as a global fintech leader.

This move signals Ripple’s commitment to compliant growth and solidifies its role in shaping the future of cross-border payments in Asia and beyond.