Singapore · Payments & e-money
Pipo (Sg) Pte. Ltd.
PIPO (SG) Pte. Ltd. is incorporated in Singapore under registration number 201942693R. The Monetary Authority of Singapore (MAS) licenses it as a major payment institution under the Payment Services Act 2019. The firm describes itself as part of the ByteDance group. It serves users and merchants within that group's ecosystem. It provides payment processing, e-wallet and payout services to TikTok Shop sellers, creators and affiliate partners.
Licences and registrations
Held by Pipo (Sg) Pte. Ltd. (LEI 254900GOZXJZOURL5231). 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)Linked by LEI. Matched by Elucidate to GLEIF on name, country and address. | Major Payment InstitutionPayment Institution | Not published by the register | Singapore | Active | — | — |
|
Search the register ↗ |
- Licences belong to the legal entity, not to a BIC.
- 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.
- The register entries and their trading names were not matched against sanctions lists. The sanctions facts on this page cover the BIC and its LEI only.
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- PIPPSGSGXXX head office
- Connection to Swift
- Connected to SwiftThis BIC is registered as a live address on the Swift network. The institution sends and receives Swift messages under PIPPSGSG directly.
- Swift GPI
- Not on the member list
- Payment schemes and systems
- No entry in the EPC registers, the ECB T2 and TIPS lists or the SIX Bank Master cites this BIC
- Branch codes
- None: head-office BIC only
- BIC first registered
- 2023-04-15
- Last updated
- 2023-04-22
Overview
Researched 29 Sep 2026 · Sources
Customers
Not published
Employees
Not published
Ownership
Group subsidiary
Firm type
Merchant acquiring and processing
Trades as PIPO
- Ownership
- The firm describes itself as part of the ByteDance group. Its direct shareholder is not published in the sources reviewed.
- Ultimate owner
- ByteDance group
- Head office
- 1 Raffles Quay, #26-10, South Tower, 048583 Singapore, Singapore
- Company register
- ACRA UEN 201942693R
- Incorporated
- 2019
Online
- Websites & references
- pipopay.com ↗ could not be checked
onboarding.pipopay.com ↗ merchant onboarding portal - Official social accounts
- None found
Sources · 9 pages consulted
- eservices.mas.gov.sg/fid/institution/detail/246337-PIPO-SG-PTE-LTD
- sf16-draftcdn-sg.ibytedtos.com/obj/ies-hotsoon-draft-sg/magellan_ecommerce/fe3dbe70-4ffd-4c5d-ad95-4472a6e1b8ef_en.html
- lf16-dl-sign.pipopayment.com/obj/download-center-us/26VQDGzbTKDDdzcs_PIPO_SG_Merchant_Cross_border_PSA?x-expires=17756
- lf16-dl-sign.pipopayment.com/obj/download-center-my-sg/26VJxpXXUPpXpdJf_PIPO_SG_Merchant_Seller_PSA?x-expires=17867813
- seller.tiktokglobalshop.com/university/essay?knowledge_id=4611080967456529&default_language=zh-CN
- seller-th.tiktok.com/university/essay?knowledge_id=7772079309063937&lang=en
- seller-th.tiktok.com/university/essay?knowledge_id=4128072518256385&default_language=en
- membership.singaporefintech.org/company/201942693R
- mycareersfuture.gov.sg/companies/pipo-201942693R
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
MAS licenses the firm as a major payment institution for account issuance, domestic and cross-border money transfer, merchant acquisition and e-money issuance services. Its agreements state that it may provide services through affiliates and third-party payment service providers.
| 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, merchant acquisition, e-money issuance services) | — | 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 states that it deposits customer monies, where the Payment Services Act requires, in a segregated trust account at JPMorgan Chase Bank, N.A. Singapore branch, and in later agreements also United Overseas Bank Limited Singapore branch.
- Safeguarding bank
- JPMorgan Chase Bank, N.A. Singapore branch Singapore
- Safeguarding bank
- United Overseas Bank Limited Singapore branch Singapore
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 collects buyer payments on TikTok Shop and holds and settles balances for sellers, creators and affiliate partners. It pays these out to their designated bank or payment accounts.
It serves Singapore-based TikTok Shop sellers and cross-border sellers from mainland China and Hong Kong. Group privacy terms also name it as the PIPO entity for services in South Korea and South Africa.
- Sells to
- Small businesses · Consumers · Platforms and marketplaces
- Serves customers in 5 countries
- Singapore · China · Hong Kong SAR China · South Korea · South Africa
Leadership
Researched 29 Sep 2026 · Sources
- Executive
- Tan Shengjie Key personnel (as listed by MAS)
Recent events
Researched 29 Sep 2026 · 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
Head-office record
- BIC
- PIPPSGSGXXX
- How the BIC breaks down
- PIPPBank
- SGCountry · Singapore
- SGLocation
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 254900GOZXJZOURL5231
- LEI record
- View on GLEIF ↗
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.Register entry: Matched by Elucidate to GLEIF on name, country and address.
- Register-entry ID
- 569ae581950b
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.
- Register licences
- 1 entry on 1 register
- Activities
- Money remittance
- Payment services
- Card acquiring
- E-money / stored value
- Licensed in
- Singapore
- Country · region
- Singapore · East Asia & Pacific
- Trading venues (MIC)
- No MIC registered under this LEI list of 2026-09-17
- OFAC sanctions
- No listing cites this BIC
- EU sanctions
- No listing matched this BIC or its LEI
- Country sanctions
- No country programme
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
GLEIF’s relationship records name no parent for this LEI, and no group page is published for it.
Addresses
- Registered address
- SOUTH TOWER 26-1 1 RAFFLES QUAY SINGAPORE 048583 SINGAPORE
- Operational address
- SOUTH TOWER 26-1 1 RAFFLES QUAY SINGAPORE SINGAPORE 048583 SINGAPORE
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- Identified by
- BIC, with its LEI
- Roles in CBPR+
- Any agent, including the instructing and instructed agents
CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
<FinInstnId>
<BICFI>PIPPSGSGXXX</BICFI>
<LEI>254900GOZXJZOURL5231</LEI>
</FinInstnId>Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
<FinInstnId>
<BICFI>PIPPSGSGXXX</BICFI>
<LEI>254900GOZXJZOURL5231</LEI>
<Nm>PIPO (SG) PTE. LTD.</Nm>
<PstlAdr>
<TwnNm>SINGAPORE</TwnNm>
<Ctry>SG</Ctry>
<AdrLine>SOUTH TOWER 26-1 1 RAFFLES QUAY SINGAPORE 048583</AdrLine>
</PstlAdr>
</FinInstnId>The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
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Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
Register entries are not screened against sanctions lists. The sanctions facts on this page cover the BIC and its LEI only.
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 →Credits for this page
- MAS Financial Institutions Directory - Major Payment Institution—Monetary Authority of Singapore (MAS) · register ↗ 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.
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