Circle Acquires Singapore's Tazapay Cross-Border Payment Platform

Circle has signed an agreement to acquire Singapore-based B2B cross-border payment company Tazapay, with the transaction expected to be completed by 2027, subject to closing conditions and regulatory approvals, including approval from the Monetary Authority of Singapore. Tazapay has an annual payment volume exceeding $25 billion and partners with over 60 banks and fintech companies, covering local payment channels in more than 100 markets, with approximately 60% of the transaction volume involving stablecoins. This acquisition will expand Circle's payment infrastructure scale.

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