Ample Transfers has obtained in-principle approval from the Financial Authority of Singapore (MAS) to broaden its vary of regulated cost companies.
The approval, granted beneath a licence variation software, will permit the remittance and money-changing agency to supply 4 further companies.
This consists of account issuance, home cash transfers, service provider acquisition, and e-money issuance.
Established in 1998, Ample Transfers is at the moment licensed to offer cross-border cash switch and money-changing companies.
The corporate lately launched remit.ai, a chat-based remittance platform designed to enrich its present retail operations.
If totally accredited, the expanded licence would allow Ample Transfers to strengthen its digital cost choices whereas persevering with to serve its core buyer base.
“Singapore’s funds ecosystem is evolving quickly, and so are we. This in-principle approval displays the expansion journey we’ve shared with the communities we serve.
We stay grounded within the wants of on a regular basis individuals whereas constructing for the long run with new instruments and applied sciences.”
stated Matthew Yap, CEO of Ample Transfers.
Featured picture credit score: Edited from Freepik
