MAS grants Wallex new services in addition to MPI license

The new services come on top of its Major Payment Institution (MPI) license.

Foreign exchange (FX) and payments services, Wallex, has gotten approval from the Monetary Authority of Singapore to add account issuance, domestic money transfer, and e-money issuance services.

This approval enhances Wallex’s payment services, solidifying its expertise in FX and payments in Singapore.

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“Receiving the approval to add account issuance, domestic money transfer and e-money issuance services to our MPI licence is a significant milestone in our journey and sends a strong signal to our present and future customers that Wallex is fully committed to empowering them through more seamless international payments and cross-border transactions.” Hiro Kiga, co-founder and CEO of Wallex, said.