ONERWAY’s Singapore entity received a Major Payment Institution licence from the Monetary Authority of Singapore effective 1 March 2026, allowing it to provide regulated payment services in the city-state. The approval strengthens ONERWAY’s regulatory standing in a key Asian fintech hub and supports its regional payments expansion.
KEY FACTS AT A GLANCE
- ONERWAY obtained a Major Payment Institution (MPI) licence from the Monetary Authority of Singapore
- The licence became effective on 1 March 2026
- The approval applies to ONERWAY’s Singapore entity
- MPI status allows provision of regulated payment services above standard thresholds
- The development strengthens ONERWAY’s compliance position in Singapore
ONERWAY has secured a Major Payment Institution (MPI) licence from the Monetary Authority of Singapore (MAS), with the licence taking effect on 1 March 2026. The approval permits the company’s Singapore entity to provide regulated payment services under Singapore’s Payment Services Act framework.
Under Singapore’s regulatory structure, companies holding an MPI licence are authorised to conduct payment services beyond the transaction limits imposed on Standard Payment Institutions, subject to ongoing compliance requirements set by MAS. These services can include domestic and cross-border money transfer services, merchant acquisition, and e-money issuance, depending on the scope of approval granted by the regulator.
The licence positions ONERWAY within Singapore’s regulated payments ecosystem, where MAS maintains oversight of digital payment token services, remittances, merchant services, and other financial technology activities under a unified licensing regime. Publicly available information regarding the financial terms of the approval, transaction volumes, or specific service expansions remains limited to the regulatory confirmation.
Singapore continues to serve as a regional base for fintech firms seeking regulatory clarity and access to Southeast Asian markets. Securing an MPI licence enables ONERWAY to operate at scale within one of Asia’s primary cross-border payments corridors while adhering to MAS compliance standards.