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Business & Economics

BC Payments gets in-principle nod for MPI licence in Singapore

GlobalData
Summary
Nutrition label

85% Informative

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 .

VR Score

87

Informative language

86

Neutral language

76

Article tone

formal

Language

English

Language complexity

72

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

medium-lived

Affiliate links

no affiliate links

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