Hugosave obtains MAS licence to operate as major payment institution
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Singapore
HUGOSAVE, an "all-in-one" digital account and mobile app, has obtained a major payment institution (MPI) licence from the Monetary Authority of Singapore (MAS).
The company was granted the licence on Apr 1, it said in a press statement on Wednesday (Apr 6). With the MPI licence, Hugosave can now offer account and e-money issuance and domestic and cross-border money transfers.
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