Cross-border payments company Pyvio has secured a Major Payment Institution licence in Singapore, allowing its local entity to provide five regulated payment services as it expands across Asia-Pacific.
The licence, granted to Pyvio Network Technology Pte. Ltd. by the Monetary Authority of Singapore (MAS), took effect on November 1, 2026. The regulator’s Financial Institutions Directory lists the company as a Major Payment Institution.
Pyvio said the authorization covers account issuance, domestic money transfer, cross-border money transfer, merchant acquisition and e-money issuance. The company described the licence as a foundation for starting regulated operations in Singapore and supporting its wider regional expansion.
Under Singapore’s Payment Services Act, a major payment institution may provide licensed services without being subject to the transaction-volume and e-money-float thresholds that apply to standard payment institutions. MAS says major payment institutions remain subject to requirements covering capital, security deposits, compliance, technology risk management and audits.
For payment services other than e-money account issuance and money changing, the standard-institution thresholds include S$3 million ($2.3 million) in monthly transactions for any one service or S$6 million for two or more services. The threshold for daily outstanding e-money is S$5 million, according to the regulator’s licensing guidance.
Pyvio said its Singapore business plans to use the licence to offer cross-border payment services to companies operating across Asia-Pacific. The company did not disclose a launch timetable, customer targets or expected transaction volumes.
The licence expands Pyvio’s regulated footing in a market it has identified as a regional operating base. In 2024, the company partnered with Visa-owned Currencycloud to provide collection and payout capabilities for Chinese e-commerce businesses, including access to more than 30 currencies and payments to over 180 countries.
Pyvio chief executive Li Kai said Singapore serves as a link between Asia-Pacific and international markets. The executive said the company would build its regional operations around the Singapore entity, but Pyvio did not provide investment or hiring figures with the announcement.
MAS’s directory records Pyvio’s Singapore office at 71 Robinson Road. The regulator’s listing confirms the licence category, while the range of authorized services and the regional expansion plans were disclosed by the company.
Pyvio partners Currencycloud to deliver cross-border payments for Chinese e-commerce businesses