Singapore Grants Coda Major Payments Licence
Singapore-based payments specialist Coda has secured a Major Payment Institution licence from the Monetary Authority of Singapore (MAS), strengthening its position as a regulated digital payments provider in Asia.
The company announced on Thursday that its Singapore entity, Coda Payments Pte. Ltd., had received full regulatory approval from MAS after previously obtaining in-principle approval. The licence allows Coda to continue offering merchant acquisition services as well as domestic and cross-border money transfers under Singapore's Payment Services Act.
The approval marks a significant milestone for the fintech company, which has grown from a gaming-focused payments provider into a global digital commerce platform.
Singapore remains strategic hub
«Securing a Major Payment Institution licence in Singapore has been a long-standing ambition for Coda and an important step in our evolution as a global payments business,» said Chief Executive Shane Happach.
According to Happach, Singapore will remain central to the company's growth strategy, governance and operations. He also highlighted the city-state's regulatory framework, which continues to attract fintech firms seeking a stable environment from which to expand internationally.
Serving global digital commerce
Founded in Singapore, Coda provides monetisation and distribution solutions for digital content companies. Its client roster includes major gaming publishers such as Activision, Electronic Arts, HoYoverse and Moonton.
The company says it supports more than 400 payment methods across over 70 markets, enabling millions of consumers worldwide to purchase digital content and online services.
With the new licence, Coda will continue operating under MAS oversight while maintaining regulatory compliance, risk management and security standards as it expands its digital commerce activities from Singapore.
The approval comes as Singapore continues to strengthen its position as one of Asia's leading fintech hubs, with regulators balancing innovation and oversight in the rapidly evolving digital payments sector.
