--- title: "Fiserv Merchant Solutions Private Limited · Major Payment Institution (MAS) · Singapore | Elucidate" description: "Fiserv Merchant Solutions Private Limited is authorised by Monetary Authority of Singapore (MAS) as a major payment institution in Singapore. Register status, licences, activities and ownership." url: https://elucidate.co/directory/fiserv-merchant-solutions-private-limited-c055fe63a99a --- 1. [Directory](https://elucidate.co/directory) 2. [Singapore](https://elucidate.co/directory/country/sg) 3. Fiserv Merchant Solutions Private Limited Singapore · Payments & e-money # Fiserv Merchant Solutions Private Limited Fiserv Merchant Solutions Private Limited is a private company incorporated in Singapore. It was formerly named First Data Merchant Solutions Private Limited. The Monetary Authority of Singapore (MAS) has licensed it as a major payment institution under the Payment Services Act 2019 since 1 January 2023. Fiserv, Inc., a US payments and financial technology group listed on Nasdaq, describes it as one of its operating entities. It provides card, wallet and PayNow acceptance to merchants domiciled in Singapore through point-of-sale terminals, Clover devices and an online payment gateway. Register status Licensed in Singapore Major Payment Institution · Monetary Authority of Singapore (MAS) Prudential licence [1 licence or registration ↓](https://elucidate.co/directory/fiserv-merchant-solutions-private-limited-c055fe63a99a#licences) BIC **No BIC** LEI **No LEI mapped** [Licence no. **Not published by the register**](https://elucidate.co/directory/fiserv-merchant-solutions-private-limited-c055fe63a99a#licences) ## Licences and registrations Held by Fiserv Merchant Solutions Private Limited. 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 - Card acquiring | [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. No LEI is matched to this entry, and BICs are linked by LEI only. ## Overview Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/fiserv-merchant-solutions-private-limited-c055fe63a99a#overview-sources) Customers Not published Employees Not published Ownership Group subsidiary Firm type Merchant acquiring and processing Trades as Fiserv - **Standing:** The firm was formerly named First Data Merchant Solutions Private Limited. Its merchant terms of February 2026 use the new name. A Fiserv group entity list of December 2024 still used the former name. - **Ownership:** Fiserv, Inc. describes the firm as one of its operating entities in Singapore. - **Ultimate owner:** Fiserv, Inc., United States - **Head office:** 12 Marina Boulevard, #26-04 Marina Bay Financial Centre Tower 3, 018982 Singapore, Singapore (registered office: 1 Raffles Quay, #18-00, Singapore 048583) - **Company register:** ACRA UEN 200616768C - **Former name:** First Data Merchant Solutions Private Limited ### Online - **Websites & references:** [merchants.fiserv.com ↗](https://merchants.fiserv.com/en-sg/) [firstdata.com ↗](https://firstdata.com/en_sg/home.html) former First Data Singapore site [docs.firstdata.com ↗](https://docs.firstdata.com/org/gateway) payment gateway developer portal - **Official social accounts:** [LinkedIn ↗](https://www.linkedin.com/company/fiserv) · [X ↗](https://www.twitter.com/fiserv) · [Facebook ↗](https://www.facebook.com/fiserv) Sources · 6 pages consulted 1. [eservices.mas.gov.sg/fid/institution/detail/226545-FISERV-MERCHANT-SOLUTIONS-PRIVATE-LIMITED](https://eservices.mas.gov.sg/fid/institution/detail/226545-FISERV-MERCHANT-SOLUTIONS-PRIVATE-LIMITED) 2. [merchants.fiserv.com/content/dam/firstdata/sg/en/documents/Singapore%20MPA-With-clover-updates-20-Feb-2025.pdf](https://merchants.fiserv.com/content/dam/firstdata/sg/en/documents/Singapore%20MPA-With-clover-updates-20-Feb-2025.pdf) 3. [merchants.fiserv.com/en-sg/](https://merchants.fiserv.com/en-sg/) 4. [merchants.fiserv.com/en-sg/resources-support/](https://merchants.fiserv.com/en-sg/resources-support/) 5. [investors.fiserv.com/news-releases/news-release-details/fiserv-looks-support-new-payment-flows-major-payment-i](https://investors.fiserv.com/news-releases/news-release-details/fiserv-looks-support-new-payment-flows-major-payment-institution) 6. [merchants.fiserv.com/content/dam/firstdata/us/en/documents/pdf/bcr/eu/Controller\_BCRs\_EU\_Dec\_2024.pdf](https://merchants.fiserv.com/content/dam/firstdata/us/en/documents/pdf/bcr/eu/Controller_BCRs_EU_Dec_2024.pdf) ## Authorisation Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/fiserv-merchant-solutions-private-limited-c055fe63a99a#overview-sources) - **Operates under:** Its own licences MAS licenses the firm as a major payment institution for merchant acquisition, domestic money transfer and cross-border money transfer services. It uses a participating bank to provide PayNow services. It acquires American Express transactions under an agreement with American Express. | Authority | Licence or registration | Number | Held | Status | Source | | --- | --- | --- | --- | --- | --- | | Monetary Authority of Singapore Singapore | Major Payment Institution (Domestic Money Transfer Service, Cross-border Money Transfer Service, Merchant Acquisition Service) | — | In its own name | Active | [eservices.mas.gov.sg ↗](https://eservices.mas.gov.sg/fid/institution/detail/226545-FISERV-MERCHANT-SOLUTIONS-PRIVATE-LIMITED) | 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/fiserv-merchant-solutions-private-limited-c055fe63a99a#overview-sources) - **Safeguarding:** Segregated safeguarding accountsThe firm states that it holds merchant clients' money, including reserves, in pooled trust accounts at a licensed bank in Singapore, separate from its own funds. [merchants.fiserv.com ↗](https://merchants.fiserv.com/content/dam/firstdata/sg/en/documents/Singapore%20MPA-With-clover-updates-20-Feb-2025.pdf) - **Payment schemes and card networks:** Visa Access not stated [merchants.fiserv.com ↗](https://merchants.fiserv.com/content/dam/firstdata/sg/en/documents/Singapore%20MPA-With-clover-updates-20-Feb-2025.pdf) Mastercard Access not stated [merchants.fiserv.com ↗](https://merchants.fiserv.com/content/dam/firstdata/sg/en/documents/Singapore%20MPA-With-clover-updates-20-Feb-2025.pdf) UnionPay International Access not stated [merchants.fiserv.com ↗](https://merchants.fiserv.com/content/dam/firstdata/sg/en/documents/Singapore%20MPA-With-clover-updates-20-Feb-2025.pdf) JCB Access not stated [merchants.fiserv.com ↗](https://merchants.fiserv.com/content/dam/firstdata/sg/en/documents/Singapore%20MPA-With-clover-updates-20-Feb-2025.pdf) American Express Direct [merchants.fiserv.com ↗](https://merchants.fiserv.com/content/dam/firstdata/sg/en/documents/Singapore%20MPA-With-clover-updates-20-Feb-2025.pdf) Discover Access not stated [merchants.fiserv.com ↗](https://merchants.fiserv.com/content/dam/firstdata/sg/en/documents/Singapore%20MPA-With-clover-updates-20-Feb-2025.pdf) PayNow Through a partner [merchants.fiserv.com ↗](https://merchants.fiserv.com/content/dam/firstdata/sg/en/documents/Singapore%20MPA-With-clover-updates-20-Feb-2025.pdf) GrabPay Access not stated [merchants.fiserv.com ↗](https://merchants.fiserv.com/content/dam/firstdata/sg/en/documents/Singapore%20MPA-With-clover-updates-20-Feb-2025.pdf) 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/fiserv-merchant-solutions-private-limited-c055fe63a99a#overview-sources) - Merchant acquiring - Payment gateway - International money transfer - Domestic payments The firm acquires Visa, Mastercard, UnionPay International, JCB, American Express and Discover card payments for Singapore merchants. It also acquires GrabPay and PayNow payments. For other wallets such as Alipay and WeChat Pay, it only captures and authorises transactions, and third parties settle them. Its merchant terms require client merchants to be domiciled in Singapore. - **Sells to:** Small businesses · Enterprises - **Serves customers in:** Singapore ## Leadership Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/fiserv-merchant-solutions-private-limited-c055fe63a99a#overview-sources) - **Executive:** Suhaib Ahmed Khanyari Key personnel (MAS register); described by Fiserv in January 2023 as General Manager, ASEAN Confirmed 29 Sep 2026 · [eservices.mas.gov.sg ↗](https://eservices.mas.gov.sg/fid/institution/detail/226545-FISERV-MERCHANT-SOLUTIONS-PRIVATE-LIMITED) ## Recent events Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/fiserv-merchant-solutions-private-limited-c055fe63a99a#overview-sources) The research found no fines, investigations, security incidents, licence changes or corporate events from the last three years. 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:** No LEI mapped - **Elucidate firm ID:** c055fe63a99a ## Profile - **Type:** Payments & e-money - **Regulation:** Prudential licence - **Main licence class:** Payment Institution - **Activities:** - Money remittance - Payment services - Card acquiring - **Licensed in:** [Singapore](https://elucidate.co/directory/country/sg) · East Asia & Pacific - **First registered:** Not published 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 No LEI is matched to this entry, so GLEIF relationship records cannot be linked. ## Addresses - **Address on the register:** 12, MARINA BOULEVARD #26-04 MARINA BAY FINANCIAL CENTRE TOWER 3 018982, Singapore, 018982 - **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. No LEI or clearing code is mapped in the directory - **Postal address:** Hybrid: town, postcode and country in their own elements, the rest in two address lines ```xml FISERV MERCHANT SOLUTIONS PRIVATE LIMITED 018982 Singapore SG 12, MARINA BOULEVARD #26-04 MARINA BAY FINANCIAL CENTRE TOWER 3 018982 ``` - 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 ### 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 - **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.