Circle has agreed to acquire Singapore-based cross-border payments platform Tazapay, a transaction subject to customary closing conditions and approval from the Monetary Authority of Singapore, expected to close in 2027. Tazapay currently processes 25 billion dollars in annualized payment volume and serves more than 60 banking and fintech partners with local payout rails covering over 100 markets. Stablecoins account for approximately 60% of Tazapay s transaction volume. This acquisition will enable Circle to expand its ability to originate and terminate payments globally, near-instant and 24/7. The financial terms of the deal were not disclosed.
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