Singapore · Payments & e-money
Tazapay Pte. Ltd.
Tazapay Pte. Ltd. is a private company incorporated in Singapore and formerly named EasierTrades Pte. Ltd. The Monetary Authority of Singapore (MAS) licenses it as a major payment institution under the Payment Services Act 2019, licence PS20200638. It gives businesses a payment gateway, global collection accounts, payouts and escrow for cross-border payments. Venture investors back the firm, and in September 2026 Circle Internet Group agreed to acquire it, subject to approvals including from MAS.
Licences and registrations
Held by Tazapay Pte. Ltd. (LEI 984500A9F8EE39F2B904). 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
- TAZCSGS2XXX head office
- Connection to Swift
- Reverse billingThe institution is connected to Swift. Messages sent to it are billed to the institution, not to the sender. The “2” in the eighth character of TAZCSGS2 marks reverse billing.
- 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
- 2023-11-04
- Last updated
- 2023-11-04
Overview
Researched 29 Sep 2026 · Sources
Employees
Not published
Ownership
Venture-backed
Firm type
FX and business payments
Trades as Tazapay
- Standing
- Circle Internet Group signed an agreement in September 2026 to acquire the firm and announced it on 8 September 2026. Completion is expected in 2027 and depends on regulatory approvals, including approval from the Monetary Authority of Singapore.
- Ownership
- Venture and strategic investors hold the firm's shares, and in September 2026 Circle Internet Group agreed to acquire all shares it does not already hold, subject to regulatory approval.
- Head office
- 8 Temasek Boulevard, #15-02, Suntec Tower Three, 038988 Singapore, Singapore
- Company register
- ACRA UEN 202010604W
- Incorporated
- 2020
- Founders
- Rahul Shinghal · Aayush Singhania · Kanupriya Sharda
- Former name
- EASIERTRADES PTE. LTD.
Online
- Websites & references
- tazapay.com ↗
developer.tazapay.com ↗ developer and API documentation
support.tazapay.com ↗ help centre
dashboard.tazapay.com ↗ customer dashboard login - Official social accounts
- LinkedIn ↗ · X ↗ · Facebook ↗ · Instagram ↗ · YouTube ↗
Sources · 14 pages consulted
- eservices.mas.gov.sg/fid/institution/detail/412758-TAZAPAY-PTE-LTD
- tazapay.com/licenses
- tazapay.com/legal/seller/general-terms-and-conditions
- tazapay.com/
- tazapay.com/about-us
- tazapay.com/contact-us
- tazapay.com/blog/circle-acquires-tazapay
- tazapay.com/blog/tazapay-series-b-extension-2026
- tazapay.com/blog/tazapay-series-b-funding-cross-border-payments-2025
- tazapay.com/blog/tazapay-secures-mpi-licence-from-singapores-mas-bolstering-its-cross-border-payment-
- tazapay.com/escrow-for-service
- support.tazapay.com/is-tazapay-licensed
- coindesk.com/business/2026/09/08/circle-agrees-to-buy-cross-border-payments-firm-tazapay-for-usd400-mi
- dealstreetasia.com/stories/circle-to-buy-tazapay-494696
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
The MAS licenses the firm as a major payment institution under the Payment Services Act 2019. The licence covers domestic and cross-border money transfer, merchant acquisition, account issuance and e-money issuance. Sister companies hold the group's licences in Canada, the US, Australia and Hong Kong, and Tazapay Canada Corp. provides the group's stablecoin services.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Monetary Authority of Singapore Singapore | Major Payment Institution Licence (Payment Services Act 2019) | PS20200638 | 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 customer funds are kept separate from its own corporate funds and safeguarded with an authorised bank in Singapore, in line with MAS requirements.
- Payment schemes and card networks
- Swift Access not stated tazapay.com ↗
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
The firm provides card and local-payment-method collection, virtual collection accounts, same-day payouts over local rails or Swift, and escrow for cross-border business payments. Its terms state that it does not provide the group's stablecoin on-ramp and off-ramp services.
The firm is the contracting entity for account holders in Singapore and may also contract with account holders in other countries, except Canada and Hong Kong, at the group's discretion.
- Payment volume
- USD 25bnannualised payment volume
- Sells to
- Enterprises · Platforms and marketplaces · Financial institutions · Small businesses
- Serves customers in
- Singapore
- Latest funding round
- Series B extension Mar 2026Led by Circle Ventures
- Total raised
- USD 60m to Sep 2026 · tazapay.com ↗
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
- Rahul Shinghal Co-founder and CEO
- Founder
- Kanupriya Sharda Chief Business Officer
- Founder
- Aayush Singhania Chief Product Officer
Recent events
Researched 29 Sep 2026 · Sources
-
Merger / acquisition
Circle Internet Group agreed to acquire the firm for about USD 400 million in stock, subject to regulatory approvals including from MAS.
coindesk.com ↗ -
Funding
Circle Ventures led an extension of the firm's Series B round, which brought total Series B funding to USD 36 million.
tazapay.com ↗ -
Funding
The firm closed a Series B round led by Peak XV Partners, with Ripple, Circle Ventures, Norinchukin Capital and GMO VenturePartners investing.
tazapay.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
Head-office record
- BIC
- TAZCSGS2XXX
- How the BIC breaks down
- TAZCBank
- SGCountry · Singapore
- S2Location · reverse billing
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 984500A9F8EE39F2B904
- 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
- ea3015d0e031
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
- SUNTEC TOWER ONE 20-06 FLOOR 20 7 TEMASEK BOULEVARD SINGAPORE 038987 SINGAPORE
- Operational address
- 7 TEMASEK BOULEVARD 20-06 FLOOR 20 SINGAPORE SINGAPORE 038987 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>TAZCSGS2XXX</BICFI>
<LEI>984500A9F8EE39F2B904</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>TAZCSGS2XXX</BICFI>
<LEI>984500A9F8EE39F2B904</LEI>
<Nm>TAZAPAY PTE. LTD.</Nm>
<PstlAdr>
<TwnNm>SINGAPORE</TwnNm>
<Ctry>SG</Ctry>
<AdrLine>SUNTEC TOWER ONE 20-06 FLOOR 20 7 TEMASEK BOULEVARD SINGAPORE 038987</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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