Thunes Asia has announced it has received in-principle approval from the Monetary Authority of Singapore (MAS) to expand the scope of its Major Payment Institution (MPI) Licence. This approval will allow Thunes to enhance its payment solutions, enabling Singapore merchants to accept payments from international customers and vice versa. The approval, announced on 2 December 2025, marks a significant milestone in Thunes’ growth strategy and commitment to innovation in the fintech sector.
The licence variation will empower Thunes to offer a wider range of services, including account issuance, domestic money transfer, merchant acquisition, and e-money issuance. This expansion will facilitate transactions using popular local payment methods such as PayNow and GrabPay, as well as international methods, thereby strengthening Thunes’ global network.
Peter De Caluwe, co-founder and CEO of Thunes Group, stated, “This In-Principle Approval from MAS is a major step forward for Thunes’ global strategy and a catalyst for growth. As our global headquarters, Singapore is the centre of our governance and innovation.” Ruwan De Soyza, General Counsel at Thunes Group, added, “Strong governance and a commitment to regulatory excellence have always been at the heart of how Thunes operates.”
Thunes’ network currently provides access to over 320 local payment methods worldwide, supported by more than 50 financial service licences globally. The company continues to work towards fulfilling all remaining requirements for the final approval, aiming to build a safer, more connected global payments ecosystem.
