{"id":40777,"date":"2025-10-16T01:00:00","date_gmt":"2025-10-16T01:00:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/4798950_AE98950_0"},"modified":"2025-10-16T01:00:00","modified_gmt":"2025-10-16T01:00:00","slug":"shopline-secures-in-principle-approval-for-major-payment-institution-license-from-the-monetary-authority-of-singapore","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=40777","title":{"rendered":"SHOPLINE Secures In-Principle Approval for Major Payment Institution License from the Monetary Authority of Singapore"},"content":{"rendered":"<p><span class=\"legendSpanClass\"><span class=\"xn-location\">SINGAPORE<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Oct. 16, 2025<\/span><\/span> \/PRNewswire\/ &#8212; <u><a href=\"https:\/\/edge.prnewswire.com\/c\/link\/?t=0&amp;l=en&amp;o=4533841-1&amp;h=2612617623&amp;u=https%3A%2F%2Fwww.shopline.com%2F&amp;a=SHOPLINE\" target=\"_blank\" rel=\"nofollow noopener\">SHOPLINE<\/a><\/u>, the global commerce platform trusted by over 600,000 merchants, today announced that it has received In-Principle Approval (IPA) from the Monetary Authority of <span class=\"xn-location\">Singapore<\/span> (MAS) for a Major Payment Institution (MPI) license. This milestone not only strengthens SHOPLINE&#8217;s presence in <span class=\"xn-location\">Singapore<\/span>, but also gives global brands even greater confidence in choosing SHOPLINE as a partner for cross-border growth.<\/p>\n<p>MAS, <span class=\"xn-location\">Singapore&#8217;s<\/span> financial regulatory authority, is globally recognized for its rigorous standards and oversight. Securing IPA for the MPI license is a reflection of SHOPLINE&#8217;s robust compliance framework.<\/p>\n<p>Once finalized, the MPI license will authorize SHOPLINE to provide <b>five regulated payment services<\/b>, including: Account Issuance Service, Domestic Money Transfer Service, Cross-Border Money Transfer Service, Merchant Acquisition Service, and E-Money Issuance Service.<\/p>\n<p>&#8220;This MPI license is a key milestone in our global strategy,&#8221; said <span class=\"xn-person\">Raymond Hsu<\/span>, Co-President of SHOPLINE. &#8220;It highlights our commitment to meeting the highest regulatory standards while delivering secure, efficient, and borderless payment experiences for merchants.&#8221;<\/p>\n<p><b>Driving Merchant Growth Through Payments Innovation<\/b><\/p>\n<p>With the MPI license, SHOPLINE will be able to provide merchants with <b>direct, end-to-end payment services<\/b>\u2014from KYC verification and transaction processing to fund settlement\u2014without relying solely on third-party providers. The benefits include:<\/p>\n<ul type=\"disc\">\n<li><b>More competitive pricing and faster settlements&nbsp;<\/b>through reduced intermediaries<\/li>\n<li><b>Greater security and smoother experiences<\/b>&nbsp;via end-to-end control<\/li>\n<li><b>Multi-currency capabilities<\/b>&nbsp;that support cross-border growth<\/li>\n<\/ul>\n<p><b>Strengthening Regional and Global Presence<\/b><\/p>\n<p>The MPI license will enhance SHOPLINE&#8217;s commerce platform offerings, reinforcing its mission to provide merchants with a seamless ecosystem that integrates payments and e-commerce. This milestone builds upon SHOPLINE&#8217;s existing regulatory presence in <span id=\"spanHghlt1b0c\"><span class=\"xn-location\">Asia<\/span><\/span>, further deepening its footprint in <span class=\"xn-location\">Asia-Pacific<\/span>. By harnessing <span class=\"xn-location\">Singapore&#8217;s<\/span> position as a global fintech hub, SHOPLINE is uniquely equipped to empower merchants with seamless end-to-end payment solutions\u2014enabling them to build international connections, accelerate cross-border growth, and unlock new opportunities in the fast-evolving digital commerce landscape.<\/p>\n<p><b>About SHOPLINE<br \/><\/b>Founded in 2013, SHOPLINE is a leading global commerce Software-as-a-Service (SaaS) provider, empowering brands and retailers to build, launch and scale their business around the world. SHOPLINE offers a fully integrated platform that provides merchants with solutions such as ecommerce, POS, social commerce, omni-channel marketing, B2B management, and more. Brands are also empowered to create custom integrations and unique shopping experiences with SHOPLINE&#8217;s open platform architecture, comprehensive APIs, and extensive global partner network. SHOPLINE is headquartered in <span class=\"xn-location\">Singapore<\/span> with over 2000 employees operating globally. Learn more at <u><a href=\"https:\/\/edge.prnewswire.com\/c\/link\/?t=0&amp;l=en&amp;o=4533841-1&amp;h=3776771632&amp;u=http%3A%2F%2Fwww.shopline.com%2F&amp;a=www.shopline.com\" target=\"_blank\" rel=\"nofollow noopener\">www.shopline.com<\/a><\/u>. Follow us on <u><a href=\"https:\/\/edge.prnewswire.com\/c\/link\/?t=0&amp;l=en&amp;o=4533841-1&amp;h=1603076481&amp;u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fshopline%2F&amp;a=LinkedIn\" target=\"_blank\" rel=\"nofollow noopener\">LinkedIn<\/a><\/u>.<\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tbody readability=\"2.5\">\n<tr readability=\"7.5\">\n<td class=\"prnpr2 prnpl2 prnvab prncbts prnbrbrs prnbbbs prnbsbls\" colspan=\"1\" rowspan=\"1\" readability=\"8\">\n<p class=\"prnml40\"><span class=\"prnews_span\"><b>An in-principle approval (IPA) reflects MAS&#8217; view that a licence may be issued to the applicant upon the fulfilment of specified conditions and provided there are no material adverse developments affecting the applicant. An IPA does not constitute a licence for a Company to provide payment services at this juncture. MAS reserves the right to rescind the IPA in circumstances where it considers appropriate.<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE, Oct. 16, 2025 \/PRNewswire\/ &#8212; SHOPLINE, the global commerce platform trusted by over 600,000 merchants, today announced that it has received In-Principle Approval (IPA) from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license. This milestone not only strengthens SHOPLINE&#8217;s presence in Singapore, but also gives global brands even greater [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-40777","post","type-post","status-publish","format-standard","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SHOPLINE Secures In-Principle Approval for Major Payment Institution License from the Monetary Authority of Singapore - My Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/transmediavictoria.net.au\/?p=40777\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SHOPLINE Secures In-Principle Approval for Major Payment Institution License from the Monetary Authority of Singapore - My Blog\" \/>\n<meta property=\"og:description\" content=\"SINGAPORE, Oct. 16, 2025 \/PRNewswire\/ &#8212; SHOPLINE, the global commerce platform trusted by over 600,000 merchants, today announced that it has received In-Principle Approval (IPA) from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license. 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