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HitPay is now licensed by MPI in Singapore

HitPay is now licensed by MPI in Singapore

HitPay is a Singapore-based commerce and payment processing startup for small and medium enterprises. The startup recently received in-principle approval from the Monetary Authority of Singapore for a Major Payment Institution (MPI) license.

The MPI license from MAS will enable HitPay to provide secure and compliant transactions for all merchants on its platform. HitPay aims to use the MPI license to develop new services, facilitating seamless payment processing for merchants and enabling SMEs to take advantage of cross-border opportunities.

Since 2016, HitPay has been providing a full-featured, no-code commerce infrastructure built for small businesses. The company is popular among investors. It is backed by Tiger Global, Global Founders Capital, HOF Capital and Y Combinator.

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