--- title: "BC Payments PTE. LTD. · Major Payment Institution (MAS) · Singapore | Elucidate" description: "BC Payments PTE. LTD. is authorised by Monetary Authority of Singapore (MAS) as a major payment institution in Singapore. LEI 2138003IBMWRL9EC9J89. Register status, licences, activities and ownership." url: https://elucidate.co/directory/bc-payments-pte-ltd-1051c3af01cd --- 1. [Directory](https://elucidate.co/directory) 2. [Singapore](https://elucidate.co/directory/country/sg) 3. BC Payments PTE. LTD. 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. Register status Licensed in Singapore Major Payment Institution · Monetary Authority of Singapore (MAS) Prudential licence [1 licence or registration ↓](https://elucidate.co/directory/bc-payments-pte-ltd-1051c3af01cd#licences) BIC **No BIC** LEI **[2138003IBMWRL9EC9J89](https://search.gleif.org/#/record/2138003IBMWRL9EC9J89)** [Licence no. **Not published by the register**](https://elucidate.co/directory/bc-payments-pte-ltd-1051c3af01cd#licences) [Group: Moneyball Bidco Sarl](https://elucidate.co/directory/group/2138008NIGAE2J88SS10) ## 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 Institution](https://elucidate.co/directory/register/mas-mpi) Monetary Authority of Singapore (MAS) | Major Payment InstitutionPayment Institution | Not published by the register | [Singapore](https://elucidate.co/directory/country/sg) | Active | — | — | - Money remittance - Payment services - E-money / stored value | [Search the register ↗](https://eservices.mas.gov.sg/fid) | - 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](https://elucidate.co/directory/bc-payments-pte-ltd-1051c3af01cd#overview-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 ↗](https://bcpayments.com.sg/) [bankingcircleconnect.com ↗](https://www.bankingcircleconnect.com/) client portal (BC Connect), linked from the site header [bankingcircle.com ↗](https://www.bankingcircle.com/) parent group site, linked from the entity's site - **Official social accounts:** [LinkedIn ↗](https://www.linkedin.com/company/bc-payments/) · [YouTube ↗](https://www.youtube.com/channel/UCg7ZyEM9x2zHZLV3_-TLrqw) Sources · 9 pages consulted 1. [eservices.mas.gov.sg/fid/institution/detail/433769-BC-PAYMENTS-PTE-LTD](https://eservices.mas.gov.sg/fid/institution/detail/433769-BC-PAYMENTS-PTE-LTD) 2. [bcpayments.com.sg](https://bcpayments.com.sg/) 3. [bcpayments.com.sg/about-us/](https://bcpayments.com.sg/about-us/) 4. [bcpayments.com.sg/wp-content/uploads/2026/05/BC-Payments-Pte.-Ltd.-General-Terms-of-Business-FINAL-03.2026.](https://bcpayments.com.sg/wp-content/uploads/2026/05/BC-Payments-Pte.-Ltd.-General-Terms-of-Business-FINAL-03.2026.pdf) 5. [bcpayments.com.sg/currencies-and-cut-off-times/](https://bcpayments.com.sg/currencies-and-cut-off-times/) 6. [bankingcircle.com/mas-grants-major-payment-institution-license-bc-payments/](https://www.bankingcircle.com/mas-grants-major-payment-institution-license-bc-payments/) 7. [bankingcircle.com/bc-payments-singapore-secures-ipa-for-major-payment-institution-license/](https://www.bankingcircle.com/bc-payments-singapore-secures-ipa-for-major-payment-institution-license/) 8. [finextra.com/pressarticle/104902/banking-circle-subsidiary-bc-payments-secures-in-principle-approval-f](https://www.finextra.com/pressarticle/104902/banking-circle-subsidiary-bc-payments-secures-in-principle-approval-from-mas-for-payments-licence) 9. [scotiabank.investorroom.com/2026-09-01-Scotiabank-welcomes-Ralph-Hamers-to-its-Board-of-Directors](https://scotiabank.investorroom.com/2026-09-01-Scotiabank-welcomes-Ralph-Hamers-to-its-Board-of-Directors) ## Authorisation Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/bc-payments-pte-ltd-1051c3af01cd#overview-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 ↗](https://eservices.mas.gov.sg/fid/institution/detail/433769-BC-PAYMENTS-PTE-LTD) | 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](https://elucidate.co/directory/bc-payments-pte-ltd-1051c3af01cd#overview-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. [bcpayments.com.sg ↗](https://bcpayments.com.sg/wp-content/uploads/2026/05/BC-Payments-Pte.-Ltd.-General-Terms-of-Business-FINAL-03.2026.pdf) - **Safeguarding bank:** DBS Bank Ltd Singapore [bcpayments.com.sg ↗](https://bcpayments.com.sg/wp-content/uploads/2026/05/BC-Payments-Pte.-Ltd.-General-Terms-of-Business-FINAL-03.2026.pdf) - **Payment schemes and card networks:** Swift Access not stated [bcpayments.com.sg ↗](https://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](https://elucidate.co/directory/bc-payments-pte-ltd-1051c3af01cd#overview-sources) - International money transfer - Multi currency accounts - Domestic payments - FX conversion 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](https://elucidate.co/directory/bc-payments-pte-ltd-1051c3af01cd#overview-sources) - **Chief executive:** Marc Chua Keng Hian (Cai Jingxian) Chief Executive Officer, BC Payments Singapore Confirmed 29 Sep 2026 · [eservices.mas.gov.sg ↗](https://eservices.mas.gov.sg/fid/institution/detail/433769-BC-PAYMENTS-PTE-LTD) ## Recent events Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/bc-payments-pte-ltd-1051c3af01cd#overview-sources) 1. Apr 2026 Leadership Banking Circle Group, the firm's group, appointed Ralph Hamers as Chairman of its Group Board of Directors. [scotiabank.investorroom.com ↗](https://scotiabank.investorroom.com/2026-09-01-Scotiabank-welcomes-Ralph-Hamers-to-its-Board-of-Directors) 2. Nov 2025 Licence MAS granted the firm a Major Payment Institution licence, number PS20200718. [bankingcircle.com ↗](https://www.bankingcircle.com/mas-grants-major-payment-institution-license-bc-payments/) 3. Nov 2025 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 ↗](https://www.bankingcircle.com/mas-grants-major-payment-institution-license-bc-payments/) 4. Mar 2025 Licence MAS gave the firm in-principle approval for a Major Payment Institution licence. [bankingcircle.com ↗](https://www.bankingcircle.com/bc-payments-singapore-secures-ipa-for-major-payment-institution-license/) 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 - **LEI:** [2138003IBMWRL9EC9J89 ↗](https://search.gleif.org/#/record/2138003IBMWRL9EC9J89) - **How the LEI was matched:** Matched by Elucidate to GLEIF on name, country and address - **Elucidate firm ID:** 1051c3af01cd ## Profile - **Type:** Payments & e-money - **Regulation:** Prudential licence - **Main licence class:** Payment Institution - **Activities:** - Money remittance - Payment services - E-money / stored value - **Licensed in:** [Singapore](https://elucidate.co/directory/country/sg) · East Asia & Pacific - **First registered:** Not published - **Website:** [www.bcpayments.com.sg ↗](http://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 · Luxembourg[2138008NIGAE2J88SS10 ↗](https://search.gleif.org/#/record/2138008NIGAE2J88SS10) 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](https://elucidate.co/directory/banking-circle-denmark-filial-af-banking-circle-s-a-luxembourg-sxpydkkk), [Banking Circle S.A.](https://elucidate.co/directory/banking-circle-s-a-sapygb2l), [Banking Circle S.A.](https://elucidate.co/directory/banking-circle-s-a-bcirlull), [Banking Circle S.A. (Luxembourg) Nuf](https://elucidate.co/directory/banking-circle-s-a-luxembourg-nuf-bcirno22), [Banking Circle S.A. - German Branch](https://elucidate.co/directory/banking-circle-s-a-german-branch-sxpydehh). [See the Moneyball Bidco Sarl group →](https://elucidate.co/directory/group/2138008NIGAE2J88SS10) 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 ```xml 2138003IBMWRL9EC9J89 BC PAYMENTS PTE. LTD. 048583 Singapore SG 1 RAFFLES QUAY, #39-03 048583 ``` - 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. ## Related institutions ### Same group - [Banking Circle S.A. BIC SAPYGB2L Credit institution Prudential licence United Kingdom · On the ECB list of supervised entities · LEI 213800W1NGBLERUS6M39](https://elucidate.co/directory/banking-circle-s-a-sapygb2l) - [Banking Circle (Liechtenstein) AG BIC BCIRLI22 Financial institution Not on a tracked register Liechtenstein · Not on a tracked register · LEI 213800796SX7ZILTTX83](https://elucidate.co/directory/banking-circle-liechtenstein-ag-bcirli22) [All 11 institutions in the Moneyball Bidco Sarl group →](https://elucidate.co/directory/group/2138008NIGAE2J88SS10) ### Other payments & e-money institutions in Singapore - [Atlas Consolidated PTE. LTD. · trading as Hugo No BIC Payments & e-money Money service business Prudential licence Singapore · Licensed by Monetary Authority of Singapore (MAS) (MAS-MPI) · also on FINCEN-MSB · LEI 9845005BPECFKD4ED973](https://elucidate.co/directory/atlas-consolidated-pte-ltd-dd9bff35ebe7) - [Triple A Technologies PTE. LTD. · trading as TripleA No BIC Payments & e-money Crypto Money service business Prudential licence Singapore · Licensed by Monetary Authority of Singapore (MAS) (MAS-MPI) · also on FINCEN-MSB · LEI 984500DA4B5DE9599547](https://elucidate.co/directory/triple-a-technologies-pte-ltd-35777ab55bbd) - [Jst Digital Trading & Technology PTE. LTD. No BIC Payments & e-money Crypto Money service business Prudential licence Singapore · Licensed by Monetary Authority of Singapore (MAS) (MAS-MPI) · also on FINCEN-MSB · LEI 254900VFSNIDSSI4MR30](https://elucidate.co/directory/jst-digital-trading-and-technology-pte-ltd-0b04a7881932) - [Paxos Global PTE. LTD. No BIC Payments & e-money Crypto Money service business Prudential licence Singapore · Licensed by Monetary Authority of Singapore (MAS) (MAS-MPI) · also on FINTRAC-MSB · LEI 254900HKUGCSEE1Z8626](https://elucidate.co/directory/paxos-global-pte-ltd-f0e62912b4de) - [Ripple Markets Apac PTE. LTD. No BIC Payments & e-money Crypto Money service business Prudential licence Singapore · Licensed by Monetary Authority of Singapore (MAS) (MAS-MPI) · also on FINCEN-MSB · LEI 98450060F9F56F87ED90](https://elucidate.co/directory/ripple-markets-apac-pte-ltd-05ecaf0d5a45) - [Stonex Financial Pte. Ltd. BIC IGLUSGSG Payments & e-money Prudential licence Singapore · Licensed by Monetary Authority of Singapore (MAS) (MAS-MPI) · LEI 984500C5005644B14P13](https://elucidate.co/directory/stonex-financial-pte-ltd-iglusgsg) - [Xrex PTE. LTD. No BIC Payments & e-money Crypto Money service business Prudential licence Singapore · Licensed by Monetary Authority of Singapore (MAS) (MAS-MPI) · also on FINCEN-MSB · LEI 2549000QE6HHWJLNL230](https://elucidate.co/directory/xrex-pte-ltd-da7af7b2e1b7) - [2C2P Pte. Ltd. No BIC Payments & e-money Prudential licence Singapore · Licensed by Monetary Authority of Singapore (MAS) (MAS-MPI) · No LEI mapped](https://elucidate.co/directory/2c2p-pte-ltd-4eb1a068b1fb) [See all →](https://elucidate.co/directory/search?type=payments&cc=SG) [Other entries on MAS-MPI →](https://elucidate.co/directory/register/mas-mpi) 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 →](https://elucidate.co/directory/methodology) Register for this page - **MAS Financial Institutions Directory - Major Payment Institution**—Monetary Authority of Singapore (MAS) · [source ↗](https://eservices.mas.gov.sg/fid) 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)](https://elucidate.co/ratings) is an independent score of the financial crime risk of banks and payment institutions. [Book a demo](https://elucidate.co/demo-request) Licence and registration data are drawn from the public registers of the regulators named on each page and shown for information only; the official register is always the authority. LEIs and ownership are from GLEIF. Directory and gpi data are drawn from SWIFT's public sources. SWIFT, Swift gpi and UETR are trademarks of S.W.I.F.T. SC, Avenue Adèle 1, 1310 La Hulpe, Belgium. Elucidate is not affiliated with, endorsed by or sponsored by SWIFT or any regulator named here. Elucidate does not provide payment or other financial services.