One name that frequently appears in the Southeast Asian payment arena is . But a common question among merchants, compliance officers, and startup founders is: Does 2C2P hold a valid MAS license, and what does that actually mean for my business?
In May 2021, 2C2P announced that it had successfully obtained the Major Payment Institution (MPI) license under the Payment Services Act from the Monetary Authority of Singapore. This milestone was a pivotal moment for the company, solidifying its position as a leader in the regional payment landscape. 2c2p mas license
You do not need to take any article’s word for it. The MAS maintains a public e-Services directory. One name that frequently appears in the Southeast
Allowing 2C2P to act as an acquirer, helping merchants process and accept payments from various issuers and digital wallets. Strategic Importance This milestone was a pivotal moment for the
When a company secures an MPI license, it signifies that the entity has met the stringent requirements set by the MAS to handle large volumes of transactions and manage higher levels of risk. This includes having fit and proper management, implementing strong anti-money laundering (AML) and counter-financing of terrorism (CFT) controls, and ensuring operational resilience.
Following the acquisition by Network International, many merchants worried about a lapse in the . However, Network International itself holds multiple international licenses (including Central Bank of UAE and FCA in the UK). The Singapore entity remains a distinct legal subsidiary that has maintained its MPI status.