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Payment Options Singapore Secures In-Principle Approval from MAS for Major Payment Institution Licence

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2 days ago

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SINGAPORE – Media OutReach Newswire – 8 December 2025 – Payment Options Pte Ltd, a Singapore-based payment solutions provider, is pleased to announce that it has received In-Principle Approval (IPA) from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) licence under the Payment Services Act 2019.

Payment Options Pte Ltd office in Singapore

This milestone underscores Payment Options’ commitment to supporting Singapore’s small and medium-sized enterprises (SMEs) with simple, secure, and accessible digital payment solutions.

If granted the licence, Payment Options Pte Ltd will be authorised to provide three regulated payment services: Merchant Acquisition, Domestic Money Transfer, and Cross-Border Money Transfer. Through these services, the company aims to empower SMEs with a full suite of payment capabilities — from online payment gateways and QR code payments to the upcoming SoftPOS payments technology — enabling merchants to accept digital payments easily and securely.

“We remain deeply committed to supporting Singapore’s SMEs as they grow and compete in an increasingly digital-first economy. Our vision is to position digital payments as a growth enabler — not a challenge — for small businesses”, said Aaron Yip, Director of Payment Options Pte Ltd. “Our goal is to make digital transactions seamless, secure, and accessible for every business, regardless of size.”

Building on this vision, if the licence is granted, Payment Options will continue to work closely with local merchants, financial institutions, and technology partners to enhance payment accessibility and drive innovation across Singapore’s SME ecosystem.

“We reaffirm our commitment to regulatory compliance and innovation, as we contribute to Singapore’s ongoing journey toward a secure, inclusive, and cash-lite economy.”

The IPA granted by the MAS indicates that a licence may be issued upon the fulfilment of specified conditions and provided there are no material adverse developments affecting the applicant. The IPA does not constitute a licence to provide payment services at this stage, and MAS reserves the right to rescind the approval if it deems appropriate.
Hashtag: #PaymentOptions




The issuer is solely responsible for the content of this announcement.

About Payment Options Pte Ltd

Payment Options Pte Ltd is a Singapore-based financial technology company providing innovative and secure payment solutions designed to help SMEs and merchants simplify digital transactions. With a focus on compliance, technology, and customer experience, the company aims to make digital payments accessible for every business.

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Media OutReach

SoéPay Now Offers Tap to Pay on iPhone for Merchants to Accept Contactless Payments

Published

16 hours ago

on

09/12/2025

By

An easy, secure and private way to accept contactless payments with only an iPhone, no additional hardware needed

HONG KONG SAR – Media OutReach Newswire – 9 December 2025 – SoéPay now enables its Hong Kong merchants to seamlessly and securely accept in-person contactless payments with Tap to Pay on iPhone. Tap to Pay on iPhone accepts all forms of contactless payments, including contactless credit and debit cards, Apple Pay, and other digital wallets, using only an iPhone and the「SoéPay – Tap to Pay」iOS app — no additional hardware or payment terminal is needed.

SoéPay – Tap to Pay

At checkout, the merchant will simply prompt the customer to hold their contactless payment method near the merchant’s iPhone, and the payment will be securely completed using NFC technology. Tap to Pay on iPhone also supports PIN entry, which includes accessibility options.
Tap to Pay on iPhone uses the built-in features of iPhone to keep business and customer data private and secure. When a payment is processed, Apple doesn’t store card numbers or transaction information on the device or on Apple servers.*
Tap to Pay on iPhone through SoéPay supports all major card networks, including Visa, Mastercard, UnionPay, American Express, and JCB, providing merchants with comprehensive payment acceptance.
SoéPay’s accelerated merchant onboarding process allows merchants to begin accepting contactless payments via iPhone (iPhone XS or later, running the latest version of iOS) in as fast as 60 minutes once all requirements are met in two steps: (1) iOS app installation and (2) in-app KYC (Know Your Customer) verification.
“We have rolled out Tap to Pay on iPhone for the first wave of merchant categories: taxi services, delivery, florists, pop-up shops, and personalized onsite service providers. We see merchants effortlessly using their iPhones to conveniently and securely accept contactless payments and believe these transformative benefits enhance both their efficiency and their brand image,” says Sam Or, Chief Revenue Officer of SoéPay.
Hong Kong businesses can also get special offers on devices and data plans when signing up for Tap to Pay on iPhone with Hong Kong Telecommunications through participating payment platforms.

For more information on SoéPay, please visit https://soepay.com

*Encrypted card numbers are temporarily stored on iPhone only for transactions made in Store and Forward mode.

Hashtag: #SPECTRATechnologies #SoéPay #TaptoPay #Payments #SoftPOS




The issuer is solely responsible for the content of this announcement.

About SoéPay

SoéPay is a wholly-owned subsidiary of SPECTRA Technologies Holdings Company Limited and a comprehensive one-stop merchant payment solution
provider, offering not only multiple payment methods but also a globally PCI DSS-certified cloud-based merchant system, backed by an experienced customer service and technical support team to deliver reliable support services for merchants

Continue Reading

Media OutReach

SoéPay Now Offers Tap to Pay on iPhone for Merchants to Accept Contactless Payments

Published

16 hours ago

on

09/12/2025

By

An easy, secure and private way to accept contactless payments with only an iPhone, no additional hardware needed

HONG KONG SAR – Media OutReach Newswire – 9 December 2025 – SoéPay now enables its Hong Kong merchants to seamlessly and securely accept in-person contactless payments with Tap to Pay on iPhone. Tap to Pay on iPhone accepts all forms of contactless payments, including contactless credit and debit cards, Apple Pay, and other digital wallets, using only an iPhone and the「SoéPay – Tap to Pay」iOS app — no additional hardware or payment terminal is needed.

SoéPay – Tap to Pay

At checkout, the merchant will simply prompt the customer to hold their contactless payment method near the merchant’s iPhone, and the payment will be securely completed using NFC technology. Tap to Pay on iPhone also supports PIN entry, which includes accessibility options.
Tap to Pay on iPhone uses the built-in features of iPhone to keep business and customer data private and secure. When a payment is processed, Apple doesn’t store card numbers or transaction information on the device or on Apple servers.*
Tap to Pay on iPhone through SoéPay supports all major card networks, including Visa, Mastercard, UnionPay, American Express, and JCB, providing merchants with comprehensive payment acceptance.
SoéPay’s accelerated merchant onboarding process allows merchants to begin accepting contactless payments via iPhone (iPhone XS or later, running the latest version of iOS) in as fast as 60 minutes once all requirements are met in two steps: (1) iOS app installation and (2) in-app KYC (Know Your Customer) verification.
“We have rolled out Tap to Pay on iPhone for the first wave of merchant categories: taxi services, delivery, florists, pop-up shops, and personalized onsite service providers. We see merchants effortlessly using their iPhones to conveniently and securely accept contactless payments and believe these transformative benefits enhance both their efficiency and their brand image,” says Sam Or, Chief Revenue Officer of SoéPay.
Hong Kong businesses can also get special offers on devices and data plans when signing up for Tap to Pay on iPhone with Hong Kong Telecommunications through participating payment platforms.

For more information on SoéPay, please visit https://soepay.com

*Encrypted card numbers are temporarily stored on iPhone only for transactions made in Store and Forward mode.

Hashtag: #SPECTRATechnologies #SoéPay #TaptoPay #Payments #SoftPOS




The issuer is solely responsible for the content of this announcement.

About SoéPay

SoéPay is a wholly-owned subsidiary of SPECTRA Technologies Holdings Company Limited and a comprehensive one-stop merchant payment solution
provider, offering not only multiple payment methods but also a globally PCI DSS-certified cloud-based merchant system, backed by an experienced customer service and technical support team to deliver reliable support services for merchants

Continue Reading

Media OutReach

SoéPay Now Offers Tap to Pay on iPhone for Merchants to Accept Contactless Payments

Published

16 hours ago

on

09/12/2025

By

An easy, secure and private way to accept contactless payments with only an iPhone, no additional hardware needed

HONG KONG SAR – Media OutReach Newswire – 9 December 2025 – SoéPay now enables its Hong Kong merchants to seamlessly and securely accept in-person contactless payments with Tap to Pay on iPhone. Tap to Pay on iPhone accepts all forms of contactless payments, including contactless credit and debit cards, Apple Pay, and other digital wallets, using only an iPhone and the「SoéPay – Tap to Pay」iOS app — no additional hardware or payment terminal is needed.

SoéPay – Tap to Pay

At checkout, the merchant will simply prompt the customer to hold their contactless payment method near the merchant’s iPhone, and the payment will be securely completed using NFC technology. Tap to Pay on iPhone also supports PIN entry, which includes accessibility options.
Tap to Pay on iPhone uses the built-in features of iPhone to keep business and customer data private and secure. When a payment is processed, Apple doesn’t store card numbers or transaction information on the device or on Apple servers.*
Tap to Pay on iPhone through SoéPay supports all major card networks, including Visa, Mastercard, UnionPay, American Express, and JCB, providing merchants with comprehensive payment acceptance.
SoéPay’s accelerated merchant onboarding process allows merchants to begin accepting contactless payments via iPhone (iPhone XS or later, running the latest version of iOS) in as fast as 60 minutes once all requirements are met in two steps: (1) iOS app installation and (2) in-app KYC (Know Your Customer) verification.
“We have rolled out Tap to Pay on iPhone for the first wave of merchant categories: taxi services, delivery, florists, pop-up shops, and personalized onsite service providers. We see merchants effortlessly using their iPhones to conveniently and securely accept contactless payments and believe these transformative benefits enhance both their efficiency and their brand image,” says Sam Or, Chief Revenue Officer of SoéPay.
Hong Kong businesses can also get special offers on devices and data plans when signing up for Tap to Pay on iPhone with Hong Kong Telecommunications through participating payment platforms.

For more information on SoéPay, please visit https://soepay.com

*Encrypted card numbers are temporarily stored on iPhone only for transactions made in Store and Forward mode.

Hashtag: #SPECTRATechnologies #SoéPay #TaptoPay #Payments #SoftPOS




The issuer is solely responsible for the content of this announcement.

About SoéPay

SoéPay is a wholly-owned subsidiary of SPECTRA Technologies Holdings Company Limited and a comprehensive one-stop merchant payment solution
provider, offering not only multiple payment methods but also a globally PCI DSS-certified cloud-based merchant system, backed by an experienced customer service and technical support team to deliver reliable support services for merchants

Continue Reading

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