The global payments landscape requires both speed and uncompromised reliability. Today, we are proud to announce a significant milestone in our journey to build the ultimate borderless payment infrastructure: UQPAY has officially been granted a Visa Principal Acquiring License in Singapore.
Having already established card issuing capabilities within the Visa ecosystem, UQPAY now covers both the issuing side and the acceptance side of the Visa payment value chain. This approval marks a pivotal step toward delivering a truly integrated, end-to-end payment experience for our global clients.
“Successfully obtaining the Visa Principal Acquiring License in Singapore is a testament to our rigorous compliance standards and our commitment to building world-class payment infrastructure,” said Dr. Jack Li, Founder & CEO of UQPAY. “With issuing and acquiring capabilities now unified under one roof, we are able to offer our clients something few payment providers can—a seamless closed loop that enhances efficiency, transparency, and control across the entire transaction lifecycle.”
Visa also expressed strong confidence in the partnership. “Singapore's strong innovation ecosystem continues to make it a natural hub for the future of payments and partnerships like this help turn that potential into practical solutions for businesses. We are pleased to support UQPAY as it expands its acquiring capabilities with Visa, enabling more seamless, secure and reliable payment experiences for merchants and their customers across Singapore and beyond,” said Adeline Kim, Group Country Manager, Regional Southeast Asia & SVP, Global Clients & Acquirers, Asia Pacific, Visa.
Why this matters UQPAY already processes massive volumes of transactions globally. By expanding our acquiring capabilities with Visa in the Singapore market—and combining them with our existing issuing infrastructure—we are upgrading our service offerings in three directions that matter most to our clients:
Completing the Payment Value Chain With both issuing and acquiring capabilities now in place, UQPAY can connect card issuance, merchant acceptance, transaction processing, and fund settlement within a single enterprise-grade infrastructure. For merchants, this helps optimize transaction costs and operational efficiency in applicable scenarios. For cardholders, it delivers a smoother, more reliable payment experience.Empowering Growth with Singapore as a Strategic Hub Operating with a local principal acquiring license in Singapore gives UQPAY the agility to deliver highly tailored payment solutions. Our merchants will benefit from simplified local integration, unified financial reporting, and comprehensive support for complex cross-border flows.Uncompromising Compliance & Enterprise-Grade Security Earning Visa’s trust in a strictly regulated market like Singapore demands rigorous adherence to operational and security standards. This milestone underscores UQPAY’s unwavering commitment to building secure, responsible, and future-proof payment infrastructure.What comes next By continuously deepening the integration of our issuing and acquiring capabilities, UQPAY is uniquely positioned to serve platform enterprises, cross-border merchants, digital commerce ecosystems, and global businesses with customized payment solutions that combine speed, stability, compliance, and cost-efficiency.
Stay tuned as we introduce new product features powered by our expanded Visa capabilities in the coming months.
