Singapore · Payments & e-money
BC Payments PTE. LTD.
BC Payments Pte. Ltd. is a Singapore private company limited by shares. It trades as BC Payments Singapore. The Monetary Authority of Singapore (MAS) licenses it as a Major Payment Institution under licence PS20200718, for account issuance, domestic and cross-border money transfer and e-money issuance. It is a wholly owned subsidiary of Banking Circle S.A., a bank licensed in Luxembourg. It provides cross-border payments, multi-currency accounts and FX to banks, fintechs, payment service providers, marketplaces and corporates, and does not serve private individuals. MAS granted the licence in November 2025.
Licences and registrations
Held by BC Payments PTE. LTD. (LEI 2138003IBMWRL9EC9J89). 1 entry on 1 of the 22 tracked registers, retrieved 25 September 2026.
| Register | Licence | Number | Jurisdiction | Status | Registered | Ends | Activities | Register entry |
|---|---|---|---|---|---|---|---|---|
| MAS Financial Institutions Directory - Major Payment InstitutionMonetary Authority of Singapore (MAS) | Major Payment InstitutionPayment Institution | Not published by the register | Singapore | Active | — | — |
|
Search the register ↗ |
- Each licence applies in the country of the regulator that granted it.
- Registers are tracked in 37 countries. Licences granted elsewhere are not recorded here.
Swift network
Swift’s ISO 9362 BIC directory
Holds no BIC in Swift’s directory.
Its LEI is not mapped to a BIC in the Swift and GLEIF BIC-to-LEI relationship file.
Overview
Researched 29 Sep 2026 · Sources
Customers
Not published
Employees
Not published
Ownership
Group subsidiary
100% Banking Circle S.A.
Firm type
Payment infrastructure
Trades as BC Payments Singapore
- Ownership
- Banking Circle S.A. of Luxembourg owns 100% of the firm, and the GLEIF record names Moneyball Bidco SARL (Luxembourg) as its accounting-consolidation parent.
- Direct parent
- Banking Circle S.A., Luxembourg 100%
- Ultimate owner
- Moneyball Bidco S.à r.l., Luxembourg
- Head office
- 1 Raffles Quay, #39-03 North Tower, 048583 Singapore, Singapore
- Company register
- ACRA UEN 202201431Z
- Incorporated
- 2022
Online
- Websites & references
- bcpayments.com.sg ↗
bankingcircleconnect.com ↗ client portal (BC Connect), linked from the site header
bankingcircle.com ↗ parent group site, linked from the entity's site - Official social accounts
- LinkedIn ↗ · YouTube ↗
Sources · 9 pages consulted
- eservices.mas.gov.sg/fid/institution/detail/433769-BC-PAYMENTS-PTE-LTD
- bcpayments.com.sg
- bcpayments.com.sg/about-us/
- bcpayments.com.sg/wp-content/uploads/2026/05/BC-Payments-Pte.-Ltd.-General-Terms-of-Business-FINAL-03.2026.
- bcpayments.com.sg/currencies-and-cut-off-times/
- bankingcircle.com/mas-grants-major-payment-institution-license-bc-payments/
- bankingcircle.com/bc-payments-singapore-secures-ipa-for-major-payment-institution-license/
- finextra.com/pressarticle/104902/banking-circle-subsidiary-bc-payments-secures-in-principle-approval-f
- scotiabank.investorroom.com/2026-09-01-Scotiabank-welcomes-Ralph-Hamers-to-its-Board-of-Directors
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
MAS licenses the firm as a Major Payment Institution under the Payment Services Act 2019 (licence PS20200718). The licence covers account issuance, domestic money transfer, cross-border money transfer and e-money issuance. The firm states that it is not a bank.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Monetary Authority of Singapore Singapore | Major Payment Institution (Account Issuance, Domestic Money Transfer, Cross-border Money Transfer and E-money Issuance services) | PS20200718 | In its own name | Active | eservices.mas.gov.sg ↗ |
Licences and registrations the research found, at home and abroad, as the firm and its regulators publish them. The Licences and registrations card shows the entries on the registers the directory tracks.
Partners and safeguarding
Researched 29 Sep 2026 · Sources
- Safeguarding
- Segregated safeguarding accountsThe firm holds customer money on trust in a Customer Money Account with DBS Bank Ltd, kept separately from its own accounts under the Payment Services Act 2019 customer money rules.
- Safeguarding bank
- DBS Bank Ltd Singapore
- Payment schemes and card networks
- Swift Access not stated bcpayments.com.sg ↗
Banks and regulated firms the firm says hold its customers’ money, issue its cards, sponsor its accounts or settle its payments, as it discloses them in its terms and notices.
Products and markets
Researched 29 Sep 2026 · Sources
It provides cross-border payments, physical and virtual multi-currency accounts and FX to regulated banks, fintechs and payment service providers, marketplaces and corporates. Clients connect through an API, a client portal or Swift. The firm says it offers payments in 24 currencies, with local clearing in 11 of them.
It serves institutional clients from Singapore under its MAS licence. Its parent describes it as Banking Circle's Asia Pacific hub.
- Sells to
- Financial institutions · Platforms and marketplaces · Enterprises
- Serves customers in
- Singapore
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
- Marc Chua Keng Hian (Cai Jingxian) Chief Executive Officer, BC Payments Singapore
Recent events
Researched 29 Sep 2026 · Sources
-
Leadership
Banking Circle Group, the firm's group, appointed Ralph Hamers as Chairman of its Group Board of Directors.
scotiabank.investorroom.com ↗ -
Licence
MAS granted the firm a Major Payment Institution licence, number PS20200718.
bankingcircle.com ↗ -
Leadership
The parent's licence announcement named Marc Chua as the firm's CEO. In March 2025 Mishal Ruparel had been named in that role.
bankingcircle.com ↗ -
Licence
MAS gave the firm in-principle approval for a Major Payment Institution licence.
bankingcircle.com ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, security incidents, licence changes, funding rounds, acquisitions and leadership changes. Each links to its source.
Identifiers
- BIC
- Holds no BIC in Swift’s directory
- How the LEI was matched
- Matched by Elucidate to GLEIF on name, country and address
- Elucidate firm ID
- 1051c3af01cd
Profile
- Type
- Payments & e-moneyPayment institutions, e-money and stored-value issuers, and account-information providers. Licensed under payment-services law (e.g. PSD2 in the EU and UK, the Payment Services Act in Singapore). Taken from the licences on the tracked registers.
- Regulation
- Prudential licenceAuthorised with capital, safeguarding and conduct requirements, e.g. an authorised payment or e-money institution in the EU or UK, a major payment institution in Singapore, or a MiCA crypto-asset service provider.
- Main licence class
- Payment Institution
- Activities
- Money remittance
- Payment services
- E-money / stored value
- Licensed in
- Singapore · East Asia & Pacific
- First registered
- Not published
- Website
- www.bcpayments.com.sg ↗
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
Ownership and group
GLEIF relationship records
- Direct parent
- Moneyball Bidco Sarl · Luxembourg2138008NIGAE2J88SS10 ↗
The Moneyball Bidco Sarl group has 11 institutions in the directory, in 11 countries: 10 hold a BIC and 1 does not.
Including Banking Circle Denmark Filial Af Banking Circle S.A., Luxembourg, Banking Circle S.A., Banking Circle S.A., Banking Circle S.A. (Luxembourg) Nuf, Banking Circle S.A. - German Branch.
See the Moneyball Bidco Sarl group →Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control.
Addresses
- Address on the register
- 1 RAFFLES QUAY, #39-03 048583, Singapore, 048583
- Country
- Singapore
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
This institution holds no BIC. A CBPR+ message identifies it by name and postal address, and may add its LEI or a clearing code.
- Identified by
- Name and postal address, with its LEI
- Postal address
- Hybrid: town, postcode and country in their own elements, the rest in one address line
<FinInstnId>
<LEI>2138003IBMWRL9EC9J89</LEI>
<Nm>BC PAYMENTS PTE. LTD.</Nm>
<PstlAdr>
<PstCd>048583</PstCd>
<TwnNm>Singapore</TwnNm>
<Ctry>SG</Ctry>
<AdrLine>1 RAFFLES QUAY, #39-03 048583</AdrLine>
</PstlAdr>
</FinInstnId>- The address line repeats the town or postcode. Remove the repeat if your payment system rejects it.
CBPR+ identifies the instructing and instructed agents by BIC only. An institution without a BIC can be the debtor, creditor or an intermediary agent.
The values are as published by the register. Check them against your own records before use.
Sources & method
Register entries come from the public registers of financial regulators, standardised into one taxonomy. LEIs are matched through GLEIF, and a BIC is linked only through a shared LEI.
An institution missing from these registers is not necessarily unregulated.
Register entries are not matched against the OFAC or EU sanctions lists. Where the legal entity also holds a BIC, the matches for that BIC are on its page. Always screen against the official lists.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Register for this page
- MAS Financial Institutions Directory - Major Payment Institution—Monetary Authority of Singapore (MAS) · source ↗ as at 25 September 2026
- Ownership and group—GLEIF Level 2 relationship records (accounting consolidation), matched by LEI.
- Overview, authorisation, partners, products, leadership and events—researched per institution by an AI model with web search, from the firm's own website, terms and filings, regulators' registers and notices, company registers and news. Licences, partners, figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
Assess the financial crime risk behind a licence
A licence records what an institution is authorised to do; it does not assess it. The Elucidate FinCrime Index (EFI) is an independent score of the financial crime risk of banks and payment institutions.
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