Skyee Pte. Ltd. (“Skyee”) is happy to announce that it has been granted a Main Fee Establishment (MPI) license by the Financial Authority of Singapore (MAS), issued on August 1, 2025.
This vital milestone marks a brand new chapter in Skyee’s growth throughout Southeast Asia, reinforcing its dedication to compliance, innovation, and operational excellence. The MPI license allows Skyee to supply a full suite of regulated fee providers in Singapore, together with account issuance, home cash switch, cross-border cash switch, service provider acquisition, and e-money issuance providers. These capabilities enable Skyee to additional improve the fee expertise for cross-border prospects, streamline fee processing, and cut back operational prices.
Since its founding in 2016, Skyee Group has remained dedicated to its mission of “linking the worldwide monetary community, constructing a brand new fee system, and offering all-around comfort for cross-border fund transfers.” This license serves as a testomony to that mission and accelerates the corporate’s ambition to turn into a trusted monetary associate throughout the area.
Kozen Tan, CEO of Skyee Singapore, acknowledged:
“This milestone displays our deep dedication to regulatory excellence, monetary integrity, and delivering safe, modern fee options to our prospects throughout Singapore and the area. We’re excited to scale our operations and additional strengthen Singapore’s place as a number one international fintech hub.”
As Singapore continues to guide as a worldwide monetary hub and a frontrunner in fintech innovation, Skyee’s market entry is anticipated to introduce contemporary competitors and stimulate additional innovation within the fee providers sector. With continued product optimization and regional growth, Skyee is well-positioned to make an enduring influence on the way forward for fintech within the area.
Featured picture credit score: Edited by Fintech Information Singapore, based mostly on picture by Freepik
