Editor’s note: the article and headline has been updated upon request.
SHOPLINE, the global commerce platform, announced Thursday that its subsidiary, Instage Technology Pte Ltd, 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’s presence in Singapore, but also gives global brands even greater confidence in choosing SHOPLINE as a partner for cross-border growth, the firm said in a statement.
It added securing IPA for the MPI license is a reflection of the firm’s robust compliance framework.
Once finalized, the MPI license will authorize SHOPLINE to provide five regulated payment services, including: Account Issuance Service, Domestic Money Transfer Service, Cross-Border Money Transfer Service, Merchant Acquisition Service, and E-Money Issuance Service.
“This MPI license is a key milestone in our global strategy,
“It highlights our commitment to meeting the highest regulatory standards while delivering secure, efficient, and borderless payment experiences for merchants,” said Raymond Hsu, Co-President of SHOPLINE.
With the MPI license, SHOPLINE will be able to provide merchants with direct, end-to-end payment services — from KYC verification and transaction processing to fund settlement—without relying solely on third-party providers.
The benefits include more competitive pricing and faster settlements through reduced intermediaries; greater security and smoother experiences via end-to-end control;
multi-currency capabilities that support cross-border growth; strengthening regional and global presence.
The MPI license will enhance SHOPLINE’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’s existing regulatory presence in Asia, further deepening its footprint in Asia-Pacific.
By harnessing Singapore’s position as a global fintech hub, SHOPLINE said the firm is uniquely equipped to empower merchants with seamless end-to-end payment solutions—enabling them to build international connections, accelerate cross-border growth, and unlock new opportunities in the fast-evolving digital commerce landscape.