Core Insights - Thunes has received in-principle approval from the Monetary Authority of Singapore (MAS) for a variation of its Major Payment Institution (MPI) licence, which will allow the company to expand its payment services in Singapore [1][4] - The approval will enable merchants in Singapore to access a wider range of payment options, including international methods, enhancing their ability to accept payments from global customers [1][2] - Thunes plans to introduce new services such as account issuance, domestic money transfers, e-money issuance, and merchant acquisition alongside its existing cross-border money transfer business once the licence variation is granted [3][4] Company Strategy - The CEO of Thunes, Peter De Caluwe, emphasized that this approval is a significant step for the company's global strategy and will act as a catalyst for growth [4] - Thunes aims to strengthen its governance and innovation from its global headquarters in Singapore, reinforcing its commitment to connecting markets and empowering merchants [5] - Recent partnerships, such as with MoMo PSB in Nigeria and First Abu Dhabi Bank, highlight Thunes' strategy to enhance international payment options and facilitate instant remittances [5][6]