Circle Acquires Tazapay for $400 Million in All-Stock Deal
Circle has agreed to acquire Singapore-headquartered cross-border payments infrastructure company Tazapay in an all-stock transaction worth $400 million, a deal that would bring local payout rails and banking relationships inside Circle's USDC issuer payments business. The acquisition will add more than 60 banking and fintech partners and local payout rails across over 100 markets to Circle's network.
Tazapay has served as a design partner for Circle Payments Network since 2025, according to Circle. The proposed acquisition would turn that existing partner into an owned business and bring its local payout infrastructure, institutional customers, and banking relationships under Circle.
Circle said in a press release that Tazapay brings more than $25 billion of annualized payment volume, over 60 banking and fintech partners, and local payout rails covering more than 100 markets. The company described the $25 billion as an annualized measure as of July 31, 2026.
The transaction is expected to close in 2027, subject to customary conditions and regulatory approvals, including approval from the Monetary Authority of Singapore. Closing remains pending until the required approvals are received and the other conditions are satisfied or waived, as applicable.