Finmo obtains Major Payment Institution (MPI) license
Finmo Tech Pte. Ltd. ("Finmo"), a Singapore-headquartered leading global payments company, has received a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license marks Finmo's official entry into the Singapore market, and the payments company's global customers can now receive funds in Singapore Dollars (SGD). The ability to receive funds in SGD facilitates trade and stimulates growth for international businesses with a keen interest in the Singapore
Source: yahoo.com