Circle Snaps Up Tazapay to Boost Global Payments Reach

Circle has announced its plans to acquire Tazapay, a Singapore-based cross-border payments platform. The deal is expected to close in 2027 and will require customary closing conditions and approval from the Monetary Authority of Singapore.

Tazapay processes 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. The company's transaction volume is comprised of around 60% stablecoins, according to Circle.

The acquisition will expand Circle's ability to route payments to and from Asia-Pacific and emerging markets. 'This acquisition will increase Circle's capability to originate and terminate payments globally, near-instant and 24/7, which is a meaningful step toward making USDC the default payment rail for cross-border commerce,' said Irfan Ganchi, senior vice president of payments at Circle.