Our licenses enable us to provide global businesses with secure, transparent, and fully compliant cross-border payment solutions.
Below is an overview of our regulatory footprint, reflecting our commitment to the highest standards of financial integrity, transparency, and consumer protection.
Tazapay Pte Ltd. holds a Major Payment Institution (MPI) license issued under the Payment Services Act 2019, regulated by the Monetary Authority of Singapore (“MAS”).
This license authorises Tazapay to provide domestic and cross-border money transfer, merchant acquisition, account issuance, and e-money issuance.
As a license entity, Tazapay complies with MAS’s requirements on safeguarding of customer funds, anti-money laundering and countering the financing of terrorism (AML/CFT), and operational resilience.
Notice for non-Singapore residents: Tazapay Pte. Ltd. is licensed by the Monetary Authority of Singapore to provide e-money issuance services. Please note that this does not mean you will be able to recover all the money you paid to Tazapay Pte. Ltd. if Tazapay Pte. Ltd.’s business fails.
Tazapay Canada Corp is regulated under Canada's anti-money laundering and retail payments supervisory frameworks.
Tazapay Canada Corp. is registered as a Money Services Business (MSB) under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act, supervised by the Financial Transactions and Reports Analysis Centre of Canada ("FINTRAC").
This registration authorises Tazapay to conduct foreign exchange dealing, fund transfers, and dealing in virtual currencies activities.
Tazapay operates in full compliance with Canada's AML/CFT, recordkeeping, and reporting obligations established under the FINTRAC regime.
Tazapay Canada Corp. is registered as a Payment Service Provider (PSP) with the Bank of Canada under the Retail Payment Activities Act (RPAA). This registration allows Tazapay Canada Corp. to perform the regulated payment functions of account issuance, holding funds, and the initiation and authorisation of electronic fund transfers, subject to the provisions of the RPAA.
As a registered PSP, Tazapay is subject to the Bank of Canada's supervisory framework, covering (without limitation) operational risk management, safeguarding of end-user funds, and incident reporting obligations.
Tazapay US Corp. is registered as a Money Services Business (MSB) with the Financial Crimes Enforcement Network ("FinCEN") of the U.S. Department of the Treasury.
Tazapay’s US Corp. compliance framework meets FinCEN's standards for customer due diligence, transaction monitoring, and regulatory reporting.
Tazapay US Corp. holds a Money Transmitter License issued by the Arizona Department of Insurance and Financial Institutions ("DIFI") under Title 6, Chapter 12 of the Arizona Revised Statutes (A.R.S. § 6-1201 et seq.). The license became effective on May 19, 2026.
This license authorises Tazapay to engage in the business of money transmission in the State of Arizona, including the sale or issuance of payment instruments and the receipt of money or monetary value for transmission.
Tazapay maintains a surety bond and net worth requirements as mandated by DIFI, and operates in full compliance with Arizona's consumer protection, anti-money laundering, and regulatory reporting obligations.
Arizona residents with questions or complaints regarding Tazapay's money transmission services may contact the Arizona Department of Insurance and Financial Institutions at (602) 771-2800 or visit difi.az.gov.
Tazapay US Corp. holds a Money Transmitter License issued by the Illinois Department of Financial and Professional Regulation ("IDFPR") under the Uniform Money Transmission Modernization Act, 205 ILCS 658/1-1 et seq. The license became effective on June 26, 2026.
This license authorises Tazapay to engage in the business of money transmission in the State of Illinois, including the sale or issuance of payment instruments and the receipt of money or monetary value for transmission.
Tazapay maintains a surety bond and net worth requirements as mandated by IDFPR, and operates in full compliance with Illinois's consumer protection, anti-money laundering, and regulatory reporting obligations.
Illinois residents with questions or complaints regarding Tazapay's money transmission services may contact the Illinois Department of Financial and Professional Regulation at 1-888-473-4858 or visit idfpr.illinois.gov.
Tazapay US Corp. holds a Money Transmitter License issued by the Iowa Division of Banking ("IDOB") under the Uniform Money Transmission Modernization Act, Iowa Code Chapter 533C § 533C.101 et seq. The license became effective on July 7, 2026.
This license authorises Tazapay to engage in the business of money transmission in the State of Iowa, including the sale or issuance of payment instruments and the receipt of money or monetary value for transmission.
Tazapay maintains a surety bond and net worth requirements as mandated by IDOB, and operates in full compliance with Iowa's consumer protection, anti-money laundering, and regulatory reporting obligations.
Iowa residents with questions or complaints regarding Tazapay's money transmission services may contact the Iowa Division of Banking at (515) 281-4014 or visit idob.iowa.gov.
Tazapay US Corp. holds a Money Transmitter License issued by the Michigan Department of Insurance and Financial Services ("DIFS") under the Money Transmission Services Act, 2006 PA 250, MCL 487.1001 et seq. The license became effective on March 2, 2026.
This license authorises Tazapay to engage in the business of money transmission in the State of Michigan, including the sale or issuance of payment instruments and the receipt of money or monetary value for transmission.
Tazapay maintains a surety bond and net worth requirements as mandated by DIFS, and operates in full compliance with Michigan's consumer protection, anti-money laundering, and regulatory reporting obligations.
Tazapay US Corp. holds a Money Transmitter License issued by the South Carolina Office of the Attorney General under the South Carolina Uniform Money Services Act, S.C. Code Ann. § 35-11-100 et seq. The license became effective on July 1, 2026.
This license authorises Tazapay to engage in the business of money transmission in the State of South Carolina, including the sale or issuance of payment instruments and the receipt of money or monetary value for transmission.
Tazapay maintains a surety bond and net worth requirements as mandated by the South Carolina Office of the Attorney General, and operates in full compliance with South Carolina's consumer protection, anti-money laundering, and regulatory reporting obligations.
South Carolina residents with questions or complaints regarding Tazapay's money transmission services may contact the South Carolina Office of the Attorney General, Money Services Division at (803) 734-1221 or visit scag.gov.
Tazapay Pty Ltd is registered as a Remittance Service Provider with the Australian Transaction Reports and Analysis Centre (“AUSTRAC”) under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006.
This registration authorises Tazapay to provide domestic and international money transfer services.
Tazapay complies with Australia’s AML/CFT obligations, including customer identification, transaction monitoring, and reporting to AUSTRAC.
Tazapay Hong Kong Limited holds a Money Service Operator (MSO) licence issued under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615), regulated by the Hong Kong Customs and Excise Department ("C&ED").
This licence authorises Tazapay to provide money changing and remittance services in Hong Kong.
As a licensed entity, Tazapay complies with the C&ED's requirements on anti-money laundering and counter-terrorist financing (AML/CTF), customer due diligence, and record keeping.
Tazapay Canada Corp. operates under the Rupee Drawing Arrangement (“RDA”) framework regulated by the Reserve Bank of India (“RBI”).
The RDA enables Non-Resident Indians (“NRIs”) to remit funds to India through recognised foreign agents. Under this arrangement, Tazapay Canada Corp. acts as an overseas principal, and the remittances collected in foreign currency are processed through authorised banking channels, and the equivalent amount is credited in Indian Rupees (INR) to the beneficiary's account. This activity is governed by the Payment and Settlement Systems Act 2007 and the Money Transfer Service Scheme (“MTSS”) guidelines issued by the RBI.
