Circle Acquires Tazapay for Expanded Cross-Border Payments Reach

Circle has agreed to acquire Singapore-based cross-border payments platform Tazapay in a deal expected to close in 2027, pending approval from the Monetary Authority of Singapore. The acquisition would deepen Circle's payments infrastructure reach across Asia-Pacific and emerging markets, while extending the role stablecoins play in Tazapay's rail-based payment workflows.

Tazapay processes significant volumes, with Circle citing stablecoins as roughly 60% of transaction volume. The acquisition is designed to strengthen Circle's ability to originate and terminate payments globally, 24/7, with USDC as a default rail for cross-border commerce.

Circle says Tazapay customers should see no disruption to APIs, pricing, or support during the transition. Irfan Ganchi, Circle's senior vice president of payments, described the deal as a meaningful step toward making USDC the default payment rail for cross-border activity.