BC Payments Singapore MPI Approval
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BC Payments Singapore CEO Mishal RuparelGlobalData
•Business
Business & Economics
BC Payments gets in-principle nod for MPI licence in Singapore

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In-principle approval does not constitute a formal licence, but indicates that a licence may be granted upon meeting specific conditions.
MPI licence would enable BC Payments Singapore to leverage Banking Circle ’s network, providing access to global clearing infrastructure.
Announcement follows Banking Circle 's January 2025 disclosure that it plans to acquire a full stake in Australian Settlements Limited .
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