Singapore MIP- Major Payment Institution for sale

Founded in 2019 and backed consistently by its original owners, this exempt limited company has delivered cross-border payment and money-changing services for six years. With a Major Payment Institution (MPI) license under the Payment Services Act, the business operates a physical remittance counter in a central location alongside a robust online platform and mobile application available on both Apple and Google stores—allowing customers to complete transactions post-verification with ease.
The company manages a diverse range of currency pairs—particularly those between ASEAN currencies—and enjoys a strong, loyal client base built on reputation, continuity, and trust. It currently operates with three shareholders, and dedicated, long-tenured staff ensure seamless service delivery and foster an effortless transition even in times of change.
As an MPI, the business holds the right to broaden its licensing scope to include offerings such as account issuance, domestic money transfers, wallet-based payments, card issuance (including Mastercard and Visa), and virtual bank accounts, laying the groundwork for considerable future expansion.
Financially, the firm posted net revenue of 266 000 EUR in 2022 and 235 000 EUR in 2023. While net profit after tax dropped from 50 700 EUR in 2022 to a 16 400 EUR loss in 2023, the most recent 2024 management accounts indicate it has returned to profitability—exceeding even the 2022 net profit.

Key Highlights

Established Track Record: Operating continuously since 2019 under the same ownership and delivering consistent service excellence for six years.
Licensing Strength: Holds MPI license empowering multi-service payment capabilities and authorized to expand into additional high-growth financial services.
Omnichannel Platform: Blends physical presence with a seamless digital experience (shop counter + app).
Operational Integrity: No adverse legal or regulatory issues—operating with full compliance and dedicated staff.
Financial Resilience: Strong net revenue, short-term dip in profitability followed by a robust rebound in 2024.
High Growth Potential: MPI status enables scalable expansion into adjacent services (wallets, cards, virtual accounts, etc.).

Expanded Growth Potential

The MPI status allows for a future license upgrade to offer additional services such as account issuance, domestic money transfers, wallet payments, card issuance (Mastercard and Visa), and virtual banking—setting the stage for substantial expansion.

Conclusion

Operating under stable ownership since 2019, this licensed payment service provider combines digital and physical capabilities, strong regulatory compliance, and a devoted workforce. Despite a dip into loss in 2023, the company rebounded strongly in 2024, surpassing prior profitability levels when measured in euros.
With the MPI license, the business has a clear runway to broaden its offerings into high-growth payment verticals—making it an especially compelling proposition for investors or strategic partners seeking a scalable, compliant, and proven platform in cross-border and digital payments.