Skyee Ltd. (“Skyee”) is pleased to announce that it has received In-Principle Approval (IPA) for the Major Payments Institution (MPI) License from the Monetary Authority of Singapore (MAS).
Skyee is a wholly owned subsidiary of Skyee Group, China’s leading cross-border payment solutions provider in China, Europe, North America and North Asia. Obtaining the MPI license will enable Skyee to serve the Singapore market, further enhancing the payments experience for cross-border merchants, streamlining payment processing, increasing efficiency, account issuance, and domestic remittances. , operational costs are reduced through cross-border remittances. , merchant acquisition, and electronic money services.
Founded in 2016, Skyee Group has consistently adhered to its mission of “connecting the world’s financial networks, building new payment systems, and providing comprehensive convenience for cross-border fund transfers.” I did. Skyee’s receipt of the IPA from MAS confirms the company’s strong reputation as a responsible digital financial technology company. Continuously optimizing its products and services, Skyee Group has secured a strategic investment from and became part of Lakala Payment Group, China’s first A-share listed third-party payment company.
XingzentanSkyee Singapore’s CEO is spearheading the acquisition of this license and said:
“Awarding this IPA from the Monetary Authority of Singapore is a major milestone for Skyee, particularly as we expand our reach and payment services across geographic borders and in one of the most important financial markets globally. This solidifies our company’s position in
This announcement follows Skyee Group’s track record and contribution to the emerging internet-based global financial system and further strengthens its position as a trusted and well-regulated operator.
Featured image credit: Edited from freepic
