SINGAPORE – September 19, 2024 – Omise Payment SG Pte. Ltd., operating as Opn and part of OPN Holdings Co., Ltd., has secured the Major Payment Institution (MPI) licence from the Monetary Authority of Singapore (MAS). This follows the in-principle approval issued earlier this year in May.

This licence allows Opn to offer regulated payment services, namely merchant acquisition, domestic money transfer, and cross-border money transfer services.

This milestone is a key step for Opn, allowing the company to offer payment processing services to businesses, allowing them to streamline operations and explore new growth opportunities, both domestically and internationally.

"We are thrilled to receive the MPI licence from MAS. This is a significant milestone for Opn as we continue in our mission to provide seamless and accessible payment solutions to businesses globally," said Gwendolyn Chia, Country manager at Opn (Singapore). “Opn is committed to working closely with regulators and partners to ensure safe practices in facilitating our clients' payment needs.”

Since its founding in 2013, Opn has focused on developing innovative payment solutions that simplify payment processes and support the growth of the digital economy. The company operates in Japan, Southeast Asia, and the U.S., making it a leader in payments across the Asia-Pacific region and one of the top 25 payment processors in the U.S.

For more information about Opn and its services, visit www.opn.ooo.

About Opn

Founded in 2013, Opn specialises in one-stop online payment and digital transformation solutions used by thousands of merchants and businesses around the world, operating from Japan, Southeast Asia, and the U.S. The company is a leader in payments in the Asia-Pacific region and a top 25 provider of payment processing in the U.S. Guided by a vision of enabling access to the digital economy for everyone, Opn connects people, businesses, and society in innovative ways to provide open access to a growing economic ecosystem. Privately-held Opn’s major shareholders include Toyota Financial Services Corporation, the financial services arm of Toyota Motor Corporation, and SCB 10X, the venture capital arm of Siam Commercial Bank. Visit our website for more information.