{"id":16715,"date":"2025-01-13T14:41:53","date_gmt":"2025-01-13T07:41:53","guid":{"rendered":"https:\/\/thaipropertynews.com\/feeds\/?p=16715"},"modified":"2025-01-13T14:41:53","modified_gmt":"2025-01-13T07:41:53","slug":"skyee-receives-in-principle-approval-ipa-for-major-payment-institution-license-mpi-from-the-monetary-authority-of-singapore-mas","status":"publish","type":"post","link":"https:\/\/thaipropertynews.com\/feeds\/?p=16715","title":{"rendered":"Skyee Receives In-Principle Approval (IPA) for Major Payment Institution License (MPI) from the Monetary Authority of Singapore (MAS)"},"content":{"rendered":"

SINGAPORE<\/span><\/span>, Jan. 13, 2025<\/span><\/span> \/PRNewswire\/ — Skyee Pte. Ltd. (“Skyee”) is excited to announce that it has been granted In-Principle Approval (IPA) for the Major Payment Institution (MPI) license from the Monetary Authority of Singapore<\/span> (MAS). Skyee is a wholly owned subsidiary of Skyee Group a Chinese leading cross border payment solution provider in China<\/span>, Europe<\/span>, North America<\/span> and North Asia<\/span>. If obtained, the MPI license will allow Skyee to service its Singapore<\/span> market, further enhancing the payment experience for cross-border sellers, streamlining payment processing, increasing efficiency, and reducing operational costs through Account Issuance, Domestic Money Transfer, Cross-border Money Transfer, Merchant Acquisition, and e-Money services.<\/p>\n

Skyee Group, established in 2016, has consistently adhered to its mission of “linking the global financial network, building a new payment system, and providing all-around convenience for cross-border fund transfers.” Skyee’s receipt of the IPA from MAS underscores its strong reputation as a responsible digital financial technology company. By continuously optimizing its products and services, Skyee Group has secured strategic investment from Lakala Payment Group, China’s<\/span> first A-share listed third-party payment company, and has become a member of its group.<\/p>\n

Kozen Tan<\/a>, CEO of Skyee Singapore has spearheaded and actively drive the acquisition of this license and stated, “Being granted this IPA from the Monetary Authority of Singapore<\/span> is a big milestone for Skyee, especially as we expand our reach and payment services across geographical borders, solidifying our position in one of the most significant financial markets globally”.<\/p>\n

This announcement follows Skyee Group track record and contributions to the emerging internet-based global financial system, further cementing its position as a trusted and well-regulated operator.<\/p>\n

About Skyee: <\/b>Based in Guangzhou, China<\/span>, Skyee is a cross-border payment technology company with offices in Hangzhou<\/span>, Shenzhen<\/span>, Hong Kong<\/span>, Singapore<\/span>, Los Angeles<\/span>, London<\/span>, Tokyo<\/span>, and Canada<\/span>. Dedicated to providing innovative payment solutions for users with cross-border funding needs. Skyee offers safe and convenient global cross-border payment services for various sizes of overseas merchants through its self-developed payment platform. Skyee provides personalized solutions for more than twenty global payment scenarios to enhance payment efficiency and user experience, meeting diverse payment needs.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

SINGAPORE<\/span><\/span>, Jan. 13, 2025<\/span><\/span> \/PRNewswire\/ — Skyee Pte. Ltd. (“Skyee”) is excited to announce that it has been granted In-Principle Approval (IPA) for the Major Payment Institution (MPI) license from the Monetary Authority of Singapore<\/span> (MAS). Skyee is a wholly owned subsidiary of Skyee Group a Chinese leading cross border payment solution provider in China<\/span>, Europe<\/span>, North America<\/span> and North Asia<\/span>. If obtained, the MPI license will allow Skyee to service its Singapore<\/span> market, further enhancing the payment experience for cross-border sellers, streamlining payment processing, increasing efficiency, and reducing operational costs through Account Issuance, Domestic Money Transfer, Cross-border Money Transfer, Merchant Acquisition, and e-Money services.<\/p>\n

Skyee Group, established in 2016, has consistently adhered to its mission of “linking the global financial network, building a new payment system, and providing all-around convenience for cross-border fund transfers.” Skyee’s receipt of the IPA from MAS underscores its strong reputation as a responsible digital financial technology company. By continuously optimizing its products and services, Skyee Group has secured strategic investment from Lakala Payment Group, China’s<\/span> first A-share listed third-party payment company, and has become a member of its group.<\/p>\n

Kozen Tan<\/a>, CEO of Skyee Singapore has spearheaded and actively drive the acquisition of this license and stated, “Being granted this IPA from the Monetary Authority of Singapore<\/span> is a big milestone for Skyee, especially as we expand our reach and payment services across geographical borders, solidifying our position in one of the most significant financial markets globally”.<\/p>\n

This announcement follows Skyee Group track record and contributions to the emerging internet-based global financial system, further cementing its position as a trusted and well-regulated operator.<\/p>\n

About Skyee: <\/b>Based in Guangzhou, China<\/span>, Skyee is a cross-border payment technology company with offices in Hangzhou<\/span>, Shenzhen<\/span>, Hong Kong<\/span>, Singapore<\/span>, Los Angeles<\/span>, London<\/span>, Tokyo<\/span>, and Canada<\/span>. Dedicated to providing innovative payment solutions for users with cross-border funding needs. Skyee offers safe and convenient global cross-border payment services for various sizes of overseas merchants through its self-developed payment platform. Skyee provides personalized solutions for more than twenty global payment scenarios to enhance payment efficiency and user experience, meeting diverse payment needs.<\/p>\n

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