Ripple to Acquire BC Payments, Expanding in APAC
- Ripple plans to acquire BC Payments, an Australian subsidiary of Banking Circle, to secure an Australian Financial Services License (AFSL).
- The acquisition aims to enhance Ripple’s regulated operations and expand its payments platform across the Asia Pacific region.
- BC Payments, launched in 2023, offers solutions for cross-border payments and global growth challenges faced by fintechs and banks.
- The AFSL will enable Ripple to improve transaction processes including compliance, FX, liquidity management, and settlement.
- In 2025, Ripple’s APAC payments volume nearly doubled year-on-year as part of its strong regional growth strategy.
- With over 75 global licenses, Ripple is among the most highly regulated digital asset companies worldwide.
Ripple’s acquisition of BC Payments will facilitate enhanced cross-border payment solutions in the Asia Pacific region. The move aligns with its strategy to operate within local regulatory frameworks while expanding its market presence.
Source (3.2)https://cryptobriefing.com/ripple-financial-license-acquisition/?rand=59535
