Ripple Expands Payment Services in Singapore with New MPI License
- The Monetary Authority of Singapore (MAS) has expanded Ripple’s Major Payment Institution (MPI) license, allowing broader regulated payment services.
- Ripple initially secured its full MPI license in 2023, which limited its capabilities until the recent expansion in 2025.
- The upgraded license enables full cross-border payment processing and regulated services for digital tokens like XRP and RLUSD.
- Ripple can now offer liquidity solutions, fiat-to-crypto on/off-ramps, and enterprise-grade settlement tools under MAS oversight.
- This development positions Ripple to meet institutional demand across Asia-Pacific and strengthen relationships with regional regulators.
The expanded MPI license allows Ripple to provide a comprehensive suite of payment solutions, enhancing its operational base in one of the world’s most regulated markets for digital assets.
With this new authorization, Ripple can significantly expand its services, including cross-border payments and integration of XRP-based solutions, supporting a growing clientele of banks and fintech firms in Singapore. (Source)
