Circle Acquires Singapore-Based Payments Platform Tazapay for Local Payout Capacity

Circle Internet Group has signed a definitive agreement to acquire Tazapay, a Singapore-based B2B payments platform. The deal, expected to close in 2027, aims to bring licensed local payout capacity into Circle's ecosystem.

Tazapay handles over $25 billion in annualized payment volume across more than 100 markets. Roughly 60% of its transaction volume includes stablecoins, which Circle has agreed to acquire.

The acquisition will increase Circle's capability to originate and terminate payments globally, near-instant and 24/7. According to Irfan Ganchi, Circle's senior vice president of payments, this is a meaningful step toward making USDC the default payment rail for cross-border commerce.