Circle Buys Singapore-Based Tazapay for Cross-Border Payments Growth
Circle has acquired Singapore-based cross-border payments platform Tazapay in a deal expected to close in 2027. The transaction will also require customary closing conditions and approval from the Monetary Authority of Singapore, Circle said in a Tuesday announcement.
Tazapay has more than $25 billion in annualized payment volume and serves over 60 banking and fintech partners with local payout rails covering more than 100 markets. Stablecoins account for about 60% of Tazapay's transaction volume, according to Circle. The company said the acquisition will expand its ability to route payments to and from Asia-Pacific and emerging markets.
Circle previously invested in Tazapay, including in the startup's August 2025 Series B round that brought the total amount raised to $57.9 million, according to Traxcn data. XRP-issuer Ripple was also an investor in that round.