Nuvei granted Major Payment Institution license in Singapore

Nuvei’s Singapore entity, Nuvei Singapore, has been granted a Major Payment Institution – MPI – license by the Monetary Authority of Singapore. This new license enables Nuvei to operate three types of payments services in Singapore, including domestic money transfer, cross-border money transfer, and merchant acquisition services. The MPI license complements Nuvei’s expansion across Asia-Pacific, including launching direct card acquiring capabilities in Australia, and its continued growth in China.