Skyee Pte Ltd has announced the acquisition of a Major Payment Institution (MPI) licence from the Monetary Authority of Singapore (MAS), effective from 1 August 2025. This development enables Skyee to provide a wide range of regulated payment services in Singapore, including account issuance, domestic and cross-border money transfers, merchant acquisition, and e-money issuance. The licence marks a significant step in Skyee’s expansion across Southeast Asia, enhancing its ability to streamline payment processing and reduce operational costs for cross-border customers.
The MPI licence is a testament to Skyee’s commitment to regulatory compliance and innovation in the financial technology sector. Since its inception in 2016, Skyee has focused on linking the global financial network and building a new payment system to facilitate cross-border fund transfers. The company’s CEO, Kozen Tan, remarked, “This milestone reflects our deep commitment to regulatory excellence, financial integrity, and delivering secure, innovative payment solutions to our customers across Singapore and the region.”
As Singapore continues to establish itself as a global fintech hub, Skyee’s entry into the market is expected to introduce fresh competition and stimulate further innovation in the payment services sector. With plans for continued product optimisation and regional expansion, Skyee aims to make a lasting impact on the future of fintech in Southeast Asia.
Based in Guangzhou, China, Skyee is a leading cross-border payment fintech company with offices in several major cities worldwide, including Singapore, Los Angeles, and London. The company offers secure and efficient global payment services through its proprietary platform, catering to a diverse range of overseas merchants and enhancing the international payments ecosystem.
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