Skyee Pte. Ltd. (“Skyee”) is pleased to announce that it has been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS), issued on August 1, 2025.
This significant milestone marks a new chapter in Skyee’s expansion across Southeast Asia, reinforcing its commitment to compliance, innovation, and operational excellence. The MPI license enables Skyee to provide a full suite of regulated payment services in Singapore, including account issuance, domestic money transfer, cross-border money transfer, merchant acquisition, and e-money issuance services. These capabilities allow Skyee to further enhance the payment experience for cross-border customers, streamline payment processing, and reduce operational costs.
Since its founding in 2016, Skyee Group has remained committed to its mission of “linking the global financial network, building a new payment system, and providing all-around convenience for cross-border fund transfers.” This license serves as a testament to that mission and accelerates the company’s ambition to become a trusted financial partner across the region.
Kozen Tan, CEO of Skyee Singapore, stated:
“This milestone reflects our deep commitment to regulatory excellence, financial integrity, and delivering secure, innovative payment solutions to our customers across Singapore and the region. We are excited to scale our operations and further strengthen Singapore’s position as a leading global fintech hub.”
As Singapore continues to lead as a global financial hub and a frontrunner in fintech innovation, Skyee’s market entry is expected to introduce fresh competition and stimulate further innovation in the payment services sector. With continued product optimization and regional expansion, Skyee is well-positioned to make a lasting impact on the future of fintech in the region.
Featured image credit: Edited by Fintech News Singapore, based on image by Freepik
