--- title: "M-DAQ Cashport Pte. Ltd. · Major Payment Institution (MAS) · Singapore | Elucidate" description: "M-DAQ Cashport Pte. Ltd. is authorised by Monetary Authority of Singapore (MAS) as a major payment institution in Singapore. LEI 254900CN9HC9HQFNEB77. Register status, licences, activities and ownership." url: https://elucidate.co/directory/m-daq-cashport-pte-ltd-b55ffd107ca6 --- 1. [Directory](https://elucidate.co/directory) 2. [Singapore](https://elucidate.co/directory/country/sg) 3. M-DAQ Cashport Pte. Ltd. Singapore · Payments & e-money # M-DAQ Cashport Pte. Ltd. Legal name in the LEI record M-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. Register status Licensed in Singapore Major Payment Institution · Monetary Authority of Singapore (MAS) Prudential licence [1 licence or registration ↓](https://elucidate.co/directory/m-daq-cashport-pte-ltd-b55ffd107ca6#licences) BIC **No BIC** LEI **[254900CN9HC9HQFNEB77](https://search.gleif.org/#/record/254900CN9HC9HQFNEB77)** [Licence no. **Not published by the register**](https://elucidate.co/directory/m-daq-cashport-pte-ltd-b55ffd107ca6#licences) [Group: M-Daq Global Pte. Ltd.](https://elucidate.co/directory/group/254900CN9HC9HQFNEB77) ## 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 Institution](https://elucidate.co/directory/register/mas-mpi) Monetary Authority of Singapore (MAS) | Major Payment InstitutionPayment Institution GLEIF legal name: M-DAQ GLOBAL PTE. LTD. | 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/m-daq-cashport-pte-ltd-b55ffd107ca6#overview-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.](https://elucidate.co/directory/m-daq-cashport-pte-ltd-b55ffd107ca6), 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 ↗](https://www.m-daq.com/) [wallex.asia ↗](https://www.wallex.asia/) Wallex payments platform of the M-DAQ group (operated by sister company M-DAQ Payment Solutions Pte. Ltd.) - **Official social accounts:** [LinkedIn ↗](https://sg.linkedin.com/company/m-daq) Sources · 6 pages consulted 1. [eservices.mas.gov.sg/fid/institution/detail/201075-M-DAQ-CASHPORT-PTE-LTD](https://eservices.mas.gov.sg/fid/institution/detail/201075-M-DAQ-CASHPORT-PTE-LTD) 2. [m-daq.com/](https://www.m-daq.com/) 3. [m-daq.com/licenses-and-registrations](https://www.m-daq.com/licenses-and-registrations) 4. [m-daq.com/our-leadership](https://www.m-daq.com/our-leadership) 5. [m-daq.com/press-release/m-daq-appoints-new-group-ceo](https://www.m-daq.com/press-release/m-daq-appoints-new-group-ceo) 6. [prnewswire.com/news-releases/m-daq-global-strengthens-asean-footprint-and-growth-with-strategic-expansio](https://www.prnewswire.com/news-releases/m-daq-global-strengthens-asean-footprint-and-growth-with-strategic-expansion-into-vietnam-302819199.html) ## Authorisation Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/m-daq-cashport-pte-ltd-b55ffd107ca6#overview-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 ↗](https://eservices.mas.gov.sg/fid/institution/detail/201075-M-DAQ-CASHPORT-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. ## Products and markets Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/m-daq-cashport-pte-ltd-b55ffd107ca6#overview-sources) - International money transfer - Domestic payments - E-money wallet - FX conversion 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](https://elucidate.co/directory/m-daq-cashport-pte-ltd-b55ffd107ca6#overview-sources) - **Chief executive:** Tan Choon Seng Group CEO (M-DAQ Global) Confirmed 29 Sep 2026 · [m-daq.com ↗](https://www.m-daq.com/our-leadership) - **Executive:** Anthony Goh Head, Finance (M-DAQ group) Confirmed 29 Sep 2026 · [m-daq.com ↗](https://www.m-daq.com/our-leadership) - **Executive:** Yoga S. Sugeharto COO & Head, Payments Product (M-DAQ group) Confirmed 29 Sep 2026 · [m-daq.com ↗](https://www.m-daq.com/our-leadership) ## Recent events Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/m-daq-cashport-pte-ltd-b55ffd107ca6#overview-sources) 1. Jul 2026 Merger / acquisition M-DAQ Global signed definitive agreements to integrate METech, the majority shareholder of Vietnamese payment service provider PayME. [prnewswire.com ↗](https://www.prnewswire.com/news-releases/m-daq-global-strengthens-asean-footprint-and-growth-with-strategic-expansion-into-vietnam-302819199.html) 2. May 2025 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 ↗](https://www.m-daq.com/press-release/m-daq-appoints-new-group-ceo) 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:** [254900CN9HC9HQFNEB77 ↗](https://search.gleif.org/#/record/254900CN9HC9HQFNEB77) - **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-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 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](https://elucidate.co/directory/m-daq-trading-hk-limited-3c6832fbd397), [Wallex Technologies International Limited](https://elucidate.co/directory/wallex-technologies-international-limited-watphkh2). [See the M-Daq Global Pte. Ltd. group →](https://elucidate.co/directory/group/254900CN9HC9HQFNEB77) 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 ```xml 254900CN9HC9HQFNEB77 M-DAQ Cashport Pte. Ltd. 367987 Singapore SG 15 PLAYFAIR ROAD LEVEL 2 367987 ``` - 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 - [Wallex Technologies International Limited BIC WATPHKH2 Financial institution Not on a tracked register Hong Kong SAR China · Not on a tracked register · LEI 875500QB9CSH7AR08540](https://elucidate.co/directory/wallex-technologies-international-limited-watphkh2) [All 3 institutions in the M-Daq Global Pte. Ltd. group →](https://elucidate.co/directory/group/254900CN9HC9HQFNEB77) ### 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.