SOLOWIN HOLDINGS, a leading financial services firm providing comprehensive solutions across traditional and digital assets, announced the entrance of an equity purchase agreement of its 19% equity acquisition in GPL Remittance Pte. Ltd., (“GPL”), a Singapore-based cross-border payment institution. GPL holds a Major Payment Institution (MPI) license issued by the Monetary Authority of Singapore (MAS), and has over 30 years of global operational expertise. This transaction marks a strategic enhancement to Solowin’s digital payment infrastructure.
Peter Lok, Chief Executive Officer of Solowin, stated: “This investment will strengthen our licensed payment channels in the region, serving not only as the compliance baseline for Solowin to conduct payment services in Singapore and globally, but also as a strategic asset that enhances our market competitiveness, expands our business boundaries, and builds long-term trust. It is both a stepping stone to enter international markets and a fundamental safeguard supporting large-scale growth and collaboration with global partners for Solowin to layout cross-border payment and digital financial ecosystem.”
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The MPI license is Singapore’s most comprehensive payment license, covering traditional and innovative payment services while ensuring alignment with MAS’ world-class regulatory standards. It empowers entities to scale globally, integrate digital and fiat services, and build trust with clients and partners — making it a cornerstone for businesses aiming to lead in Asia’s dynamic payment landscape.
SOLOWIN HOLDINGS is a leading global financial services firm operating in both traditional and Web3 industry. Founded in 2016, it has delivered a unique, full-spectrum ecosystem that bridges traditional and decentralized finance. Leveraging its Hong Kong Securities and Futures Commission (SFC) licensed subsidiaries with full digital asset capabilities, the company operates a robust Web3 Infrastructure Division. Through its self-developed, vertically integrated, enterprise-grade platform, Solowin delivers compliant traditional finance (TradFi), real-world asset (RWA) tokenization, and global digital payment solutions—solidifying its role as a key player in reshaping global finance through a seamless Web3-to-TradFi ecosystem.
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