Instage Technology Pte. Ltd., a subsidiary of SHOPLINE, a Singapore-based commerce Software-as-a-Service (SaaS) platform, announced Wednesday that it has obtained the Major Payment Institution (MPI) license issued by the Monetary Authority of Singapore (MAS).
The firm said in a statement that the license covers five regulated payment services — Account Issuance Service, Domestic Money Transfer Service, Cross-Border Money Transfer Service, Merchant Acquisition Service, and E-Money Issuance Service — enabling SHOPLINE to further strengthen comprehensive payment solutions for over 600,000 merchants worldwide.
According to the statement, Singapore is a well-established financial hub with a strong regulatory framework for payment services.
Instage Technology’s MPI license represents a key regulatory milestone for SHOPLINE Payments.
It is noted that SHOPLINE Payments has implemented governance, compliance, and operational frameworks, which, together with the systems and controls already established and those undergoing further enhancement, support the company’s ability to deliver secure, reliable, and efficient payment services.
The statement highlighted that SHOPLINE is now equipped with the foundational financial infrastructure needed to build a more seamless, end-to-end commerce and payments ecosystem.
These include expanding the range of payment methods to better align with local habits; offering more competitive pricing through unified account structures; boosting checkout conversion with reliable and smooth payment experiences; providing multi-currency capabilities to support seamless global expansion; strengthening fund security with enhanced compliance and safeguards.
Together, these capabilities lay the foundation for future embedded financial solutions that help merchants better manage expenses, automate payment flows, simplify bill management, and unlock more flexible and efficient use of working capital — enabling more advanced financial services over time, as we continue to expand our product suite.
“The MPI license marks an important milestone for SHOPLINE. It strengthens our ability to support merchants in growing their global presence and reaching customers across borders,
“With the license, we can partner with more global payment and financial institutions to build a suite of embedded financial solutions that help merchants manage and utilize their funds more effectively, empowering them to scale their businesses with greater confidence,” said Kimi Gong, Deputy General Manager of Payments, SHOPLINE.
It is noted that this achievement follows SHOPLINE’s existing regulatory accreditations, including Hong Kong Money Service Operator (MSO), Australia Australian Transaction Reports and Analysis Centre (AUSTRAC) registration, and Taiwan’s Ministry of Digital Affairs (MODA) energy listing, further reinforcing the company’s expanding global compliance footprint.
With the MPI license, SHOPLINE said it reinforces its commitment to secure and compliant payment services.
It said the firm aims to provide reliable and trustworthy services.
“As a truly global organization—not limited to any single market — we are expanding our network of partnerships with local licensed institutions, paving the way for innovative solutions and embedded finance opportunities worldwide,” it added.
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