Circle to Acquire Tazapay to Expand Cross-Border Payments

The deal is expected to close in 2027, subject to regulatory approvals and other closing conditions, including approval from the Monetary Authority of Singapore.

Tazapay processes more than $25 billion in annualized payment volume and works with over 60 banking and fintech partners. Its payment network supports local payouts across more than 100 markets.

Stablecoins already account for around 60% of Tazapay’s transaction volume, making the company a strategic fit for Circle as it expands its payments and stablecoin business.

"Stablecoin settlement is becoming core infrastructure in the global economy, and combining USDC with Tazapay’s world-class banking relationships, local payout rails, and institutional customer base will accelerate worldwide USDC adoption," said Jeremy Allaire, Co-Founder, CEO, and Chairman at Circle.

"We built Tazapay to make payments faster, remove friction, and streamline dependency on banking rails that don’t operate at the speed of global commerce," said Rahul Shinghal, Co-Founder and CEO of Tazapay.

About Circle

Circle is a financial technology company focused on digital assets and blockchain-based payments. The company is best known for USDC, a stablecoin used for digital payments and financial transactions. Circle also operates the Circle Payments Network and is developing Arc, a blockchain built for businesses and financial institutions.

Circle’s products are used by companies, banks and developers to create and manage digital payment and financial services.

About Tazapay

Tazapay is a Singapore-based fintech company that provides payment infrastructure for businesses making cross-border transactions. Its platform allows companies to collect payments, hold funds and make payouts across different markets through a single integration.

The company supports local payment methods, cards, multi-currency accounts and international payouts.

Tazapay also provides stablecoin-to-fiat payment services for businesses. Its customers include enterprises, marketplaces, fintech companies and other businesses operating across borders.