ChainCatcher reports that Circle has announced it has signed a definitive agreement to acquire Tazapay, a Singapore-based B2B cross-border payment infrastructure company. The transaction is expected to close in 2027, subject to customary closing conditions and regulatory approvals, including from the Monetary Authority of Singapore. Tazapay processes over $25 billion in annualized payment volume, partners with more than 60 banks and fintech firms, and offers local payment channels across 100+ markets. Approximately 60% of Tazapay’s transaction volume already includes stablecoins.
Circle Finalizes Agreement to Acquire Singapore-Based Cross-Border Payment Company Tazapay
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Summary
Circle has finalized an agreement to acquire Tazapay, a Singapore-based B2B cross-border payments company. The acquisition aims to enhance liquidity and crypto markets by integrating Tazapay’s infrastructure, which processes over $25 billion annually. Tazapay partners with more than 60 banks and fintechs and operates local channels in over 100 markets. Approximately 60% of its transaction volume already utilizes stablecoins. The deal, subject to regulatory approval—including from the Monetary Authority of Singapore—is expected to close in 2027. Tazapay’s CFT compliance framework aligns with Circle’s global expansion strategy.
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