Coda Payments, a local entity of out-of-app monetisation and commerce solutions provider Coda, has secured a Major Payment Institution (MPI) licence in Singapore.
In a statement, the fintech firm said the approval from the Monetary Authority of Singapore (MAS) follows its earlier in-principle authorisation.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The MPI licence will allow Coda to continue offering merchant acquisition, domestic money transfers, and cross-border money transfers under the Payment Services Act.
Coda CEO Shane Happach said: “Securing a Major Payment Institution licence in Singapore has been a long-standing ambition for Coda and an important step in our evolution as a global payments business.
“Coda is headquartered in Singapore and has grown from strength to strength here over the past decade. Singapore will continue to play a central role in our growth, governance, and long-term strategy.
“We remain committed to maintaining strong standards of compliance, security, and operational resilience as we support partners and customers across the markets we serve.”
Founded in 2011 and headquartered in Singapore, Coda provides monetisation and distribution tools for digital content businesses. Its products include Custom Commerce, Codapay, and Codashop.
Coda said its solutions are used by more than 300 publishers, including Activision, Electronic Arts, HoYoverse, and Moonton. The company also supports more than 400 payment methods across over 70 markets, enabling consumers to pay for digital content and services.
“With the MPI licence, Coda Payments will continue to high standards of governance, regulatory compliance, risk management, and security as it supports digital commerce for partners and consumers globally from Singapore,” the company added.
