Free Newsletter
Get the hottest Fintech Singapore News once a month in your Inbox
ONERWAY’s Singapore entity has obtained a Major Payment Institution licence, expanding its regulated footprint in the city-state.
The licence was granted to Overcross, the Singapore-incorporated operator of the ONERWAY payment platform, by the Monetary Authority of Singapore with effect from 1 March 2026.
Under the approval, Overcross is authorised to provide regulated payment services in Singapore.
These include merchant acquisition, domestic money transfer and cross-border money transfer services.
The company is regulated under the Payment Services Act 2019.
Overcross must comply with regulatory requirements including anti-money laundering and countering the financing of terrorism controls, safeguarding of customer funds and technology risk management standards.
ONERWAY provides multi-currency payment solutions to e-commerce and enterprise clients, supporting over 110 global payment methods from offices in London, the United States, Europe and Asia.
Featured image: Edited by Fintech News Singapore, based on image by Max4e via Freepik
