Worldline Group’s subsidiary obtains Main Cost Establishment licence in Singapore

Cost companies supplier Worldline declares its wholly owned subsidiary, GCS APAC has been granted Main Cost Establishment license by the Financial Authority of Singapore (MAS).

The MAS license permits Worldline the chance to carry its progressive and market-leading fee know-how options to some of the superior and quickly increasing international markets with big development potential. Will probably be in a position to ship localized and cross-border cash switch companies, alongside supporting service provider acquisition companies to an keen and more and more demanding universe of native and worldwide retailers conducting enterprise inside this market.

This announcement additional displays Worldline’s profitable strategic push into the broader, fast-expanding Asian regional markets.

Along with serving retailers within the area, Worldline can also be working with a big community of main banks. Over 85% of banks in ASEAN nations are already utilizing Worldline’s product portfolio in markets like Singapore, Malaysia, Indonesia, the Philippines, Thailand, Vietnam, Brunei, Taiwan, Hong Kong and China.

“Companies and customers in these divers markets have proven nice enthusiasm in adopting new methods of doing enterprise for a few years now. According to their quickly altering buying habits, they’re always adopting progressive applied sciences and setting new developments with international implications”, says Ms Beate Krugmann, Head of East & Southeast Asia at Worldline Service provider Companies.

“At Worldline we recognize these thrilling developments, and are very eager to remain on high of innovation and growth. As a part of our regional growth technique, we’re dedicated to taking part in a pivotal function in our Asian markets which can be so quickly gaining significance. I’m very proud now we have now been granted our new license from the Financial Authority of Singapore, which ensures a fair stronger foothold in Singapore and all through our Asian markets.“