SHOPLINE Secures In-Principle Approval for Major Payment Institution License from the Monetary Authority of Singapore

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SHOPLINE

16 Oct, 2025, 09:00 CST

SINGAPORE, Oct. 16, 2025 /PRNewswire/ -- SHOPLINE, the global commerce platform trusted by over 600,000 merchants, today announced that it has received In-Principle Approval (IPA) from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license. This milestone not only strengthens SHOPLINE's presence in Singapore, but also gives global brands even greater confidence in choosing SHOPLINE as a partner for cross-border growth.

MAS, Singapore's financial regulatory authority, is globally recognized for its rigorous standards and oversight. Securing IPA for the MPI license is a reflection of SHOPLINE's robust compliance framework.

Once finalized, the MPI license will authorize SHOPLINE to provide five regulated payment services, including: Account Issuance Service, Domestic Money Transfer Service, Cross-Border Money Transfer Service, Merchant Acquisition Service, and E-Money Issuance Service.

"This MPI license is a key milestone in our global strategy," said Raymond Hsu, Co-President of SHOPLINE. "It highlights our commitment to meeting the highest regulatory standards while delivering secure, efficient, and borderless payment experiences for merchants."

Driving Merchant Growth Through Payments Innovation

With the MPI license, SHOPLINE will be able to provide merchants with direct, end-to-end payment services—from KYC verification and transaction processing to fund settlement—without relying solely on third-party providers. The benefits include:

  • More competitive pricing and faster settlements through reduced intermediaries
  • Greater security and smoother experiences via end-to-end control
  • Multi-currency capabilities that support cross-border growth

Strengthening Regional and Global Presence

The MPI license will enhance SHOPLINE's commerce platform offerings, reinforcing its mission to provide merchants with a seamless ecosystem that integrates payments and e-commerce. This milestone builds upon SHOPLINE's existing regulatory presence in Asia, further deepening its footprint in Asia-Pacific. By harnessing Singapore's position as a global fintech hub, SHOPLINE is uniquely equipped to empower merchants with seamless end-to-end payment solutions—enabling them to build international connections, accelerate cross-border growth, and unlock new opportunities in the fast-evolving digital commerce landscape.

About SHOPLINE
Founded in 2013, SHOPLINE is a leading global commerce Software-as-a-Service (SaaS) provider, empowering brands and retailers to build, launch and scale their business around the world. SHOPLINE offers a fully integrated platform that provides merchants with solutions such as ecommerce, POS, social commerce, omni-channel marketing, B2B management, and more. Brands are also empowered to create custom integrations and unique shopping experiences with SHOPLINE's open platform architecture, comprehensive APIs, and extensive global partner network. SHOPLINE is headquartered in Singapore with over 2000 employees operating globally. Learn more at www.shopline.com. Follow us on LinkedIn.

An in-principle approval (IPA) reflects MAS' view that a licence may be issued to the applicant upon the fulfilment of specified conditions and provided there are no material adverse developments affecting the applicant. An IPA does not constitute a licence for a Company to provide payment services at this juncture. MAS reserves the right to rescind the IPA in circumstances where it considers appropriate.

SOURCE SHOPLINE