Core Viewpoint - SHOPLINE's subsidiary, Instage Technology Pte Ltd, has received in-principle approval (IPA) from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license, enabling it to offer regulated payment services in Singapore [1] Group 1: Regulatory Approval - The in-principle approval marks a significant milestone for SHOPLINE Payments in regulatory compliance [1] - If the license is granted, SHOPLINE will be able to provide five regulated payment services, including account opening, local and cross-border remittances, merchant expansion, and electronic money issuance [1] Group 2: Business Impact - With the payment institution license, SHOPLINE aims to offer more competitive pricing, faster settlement speeds, and enhanced transaction security and user experience for merchants [1] - The multi-currency support capability will assist merchants in achieving true global business coverage [1] Group 3: Company Background - SHOPLINE is a global retail solutions provider strategically invested in by Huya Group in 2019, offering one-stop solutions for global brand sellers [1]
SHOPLINE获新加坡金管局原则性批准 有望取得主要支付机构牌照
Xin Lang Ke Ji·2025-09-26 16:07