Singapore · Payments & e-money
M-DAQ Cashport Pte. Ltd.
Legal name in the LEI recordM-DAQ GLOBAL PTE. LTD.
The register name differs from the legal name in GLEIF. This can follow a rename. Treat the LEI match as indicative.
M-DAQ Cashport Pte. Ltd. is a private company incorporated in Singapore, with its office at 15 Playfair Road. The Monetary Authority of Singapore (MAS) licenses it as a major payment institution. The licence covers account issuance, domestic money transfer, cross-border money transfer and e-money issuance services. The firm belongs to the M-DAQ group, headed by M-DAQ Global Pte. Ltd., which offers foreign exchange (FX) and cross-border payment services to businesses. The group's licences page does not name the firm or say which services it provides.
Licences and registrations
Held by M-DAQ Cashport Pte. Ltd. (LEI 254900CN9HC9HQFNEB77). 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 InstitutionGLEIF legal name: M-DAQ GLOBAL PTE. LTD. | 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
M-DAQ Global Pte. Ltd.
Firm type
FX and business payments
Trades as M-DAQ
- Ownership
- The firm is part of the M-DAQ group headed by M-DAQ Global Pte. Ltd. of Singapore, which does not publish the firm's shareholding.
- Direct parent
- M-DAQ Global Pte. Ltd., Singapore
- Head office
- 15 Playfair Road, Level 2, 367987 Singapore, Singapore
- Founders
- Richard Koh · Wong Joo Seng · Noboru Takahashi
Online
- Websites & references
- m-daq.com ↗
wallex.asia ↗ Wallex payments platform of the M-DAQ group (operated by sister company M-DAQ Payment Solutions Pte. Ltd.) - Official social accounts
- LinkedIn ↗
Sources · 6 pages consulted
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
The Monetary Authority of Singapore licenses the firm as a major payment institution for account issuance, domestic money transfer, cross-border money transfer and e-money issuance services.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Monetary Authority of Singapore Singapore | Major Payment Institution | — | 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.
Products and markets
Researched 29 Sep 2026 · Sources
The MAS register lists the firm for account issuance, domestic and cross-border money transfer and e-money issuance. The M-DAQ group sells FX and cross-border payment services to e-commerce platforms, payment processors and other businesses.
The firm is licensed in Singapore. The M-DAQ group says it operates in 7 countries and territories and serves clients in 45 markets.
- Sells to
- Enterprises · Platforms and marketplaces
- Serves customers in
- Singapore
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
- Tan Choon Seng Group CEO (M-DAQ Global)
- Executive
- Anthony Goh Head, Finance (M-DAQ group)
- Executive
- Yoga S. Sugeharto COO & Head, Payments Product (M-DAQ group)
Recent events
Researched 29 Sep 2026 · Sources
-
Merger / acquisition
M-DAQ Global signed definitive agreements to integrate METech, the majority shareholder of Vietnamese payment service provider PayME.
prnewswire.com ↗ -
Leadership
M-DAQ Global appointed Tan Choon Seng as Group CEO from 13 May 2025, succeeding founder Richard Koh, who became non-executive chairman.
m-daq.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
- GLEIF legal name
- M-DAQ GLOBAL PTE. LTD.
- Elucidate firm ID
- b55ffd107ca6
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
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
The M-Daq Global Pte. Ltd. group has 3 institutions in the directory, in 2 countries: 1 holds a BIC and 2 do not.
Including M-Daq Trading (HK) Limited, Wallex Technologies International Limited.
See the M-Daq Global Pte. Ltd. group →Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control.
Addresses
- Address on the register
- 15 PLAYFAIR ROAD LEVEL 2 367987, Singapore, 367987
- 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>254900CN9HC9HQFNEB77</LEI>
<Nm>M-DAQ Cashport Pte. Ltd.</Nm>
<PstlAdr>
<PstCd>367987</PstCd>
<TwnNm>Singapore</TwnNm>
<Ctry>SG</Ctry>
<AdrLine>15 PLAYFAIR ROAD LEVEL 2 367987</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.
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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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