Coda has secured a full Major Payment Institution licence from the Monetary Authority of Singapore (MAS) as it strengthens its regulated payments operations.
The licence allows Coda Payments to provide payment services including merchant acquisition as well as domestic and cross-border money transfers.
The approval follows Coda’s earlier in-principle approval from MAS in November 2024.
Coda supports digital content monetisation and distribution for publishers such as Activision, Electronic Arts, HoYoverse and Moonton.
Its platform supports more than 400 payment methods in over 70 markets.
Shane Happach, CEO of Coda, said Singapore would continue to play a central role in the company’s growth, governance and long-term strategy.
“We are grateful for the trust placed in us by the Monetary Authority of Singapore and remain committed to maintaining strong standards of compliance, security, and operational resilience as we support partners and customers across the markets we serve.
As digital commerce becomes increasingly global and interconnected, Singapore’s regulatory clarity and forward-looking approach continue to make it an exceptional place to build and scale a trusted payments business.”
The full MPI licence gives Coda a stronger regulatory base as it handles payment services for digital commerce partners and consumers globally.
Featured image: Edited by Fintech News Singapore, based on image by ismode via Magnific
