Circle to buy Singapore payments platform Tazapay

Circle has agreed to acquire Tazapay, a Singapore-based B2B cross-border payments infrastructure provider. Financial terms were not disclosed. The transaction is expected to close in 2027, subject to customary closing conditions and regulatory approvals, including sign-off from the Monetary Authority of Singapore.

Tazapay manages more than $25 billion in annualised payment volume, works with over 60 banking and fintech partners, and supports local payout rails in more than 100 markets. About 60% of the company’s transaction volume already involves stablecoins.

Circle, the issuer of the USDC stablecoin, announced the acquisition as part of its plan to build an infrastructure layer for global digital finance and to expand payments capabilities in Asia and other growth markets.

Circle expects the deal to increase its ability to originate and terminate payments worldwide, offering faster settlement and 24/7 availability. The company cited demand for transactions denominated in USDC, particularly across the Asia-Pacific region where Tazapay has established local connections.

Irfan Ganchi, Circle’s SVP of payments, noted that Tazapay’s network would expand Circle’s capacity to route payments globally with near-instant settlement and round-the-clock service, and support greater use of USDC for cross-border commerce.

Circle did not disclose a purchase price. Regulatory review and the integration of Tazapay’s partners and payout rails will determine the final timetable and terms before the expected 2027 close.