The Monetary Authority of Singapore (MAS) has granted KPay a Major Payment Institution (MPI) license.

The license, held by subsidiary KPay Merchant Service (Singapore) Pte. Ltd. under the Payment Services Act 2019, authorises KPay to provide merchant acquisition, domestic money transfer and cross-border money transfer services in Singapore.

MAS gave KPay in-principle approval for the license in July 2026, subject to the company meeting specified conditions.

KPay set up its Singapore operations in 2022 and now serves more than 10,000 local merchants, mostly in the F&B and retail sectors.

The company said it has invested in governance, risk management, compliance, technology and operations to run a regulated payments business at scale.

For those merchants, KPay will now provide acquiring and money transfer services as a licensed MPI while it widens its product range.

KPay is adding Online Payments to its existing in-store payment acceptance services. The new offering supports e-commerce transactions, digital invoicing and remote payment collection.

The company is also launching KPay POS, an integrated point of sale system for Singapore’s F&B sector. It combines payment acceptance, inventory management and real-time business insights in one platform.

Both products are designed to help merchants manage payments and operations across physical and digital channels. They are also expected to extend KPay’s reach to new merchant segments.

“A restaurant owner should be able to accept an online order as effortlessly as a walk-in, and focus on what matters most: delivering a great dining experience,”

“A retailer should have their payments and business data all in one place.”

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