PingPong Payments Secures In-Principle Approval for a Capital Markets Services Licence - Thailand PR News - [Banking](https://thailandbusinessnews.net/category/banking/) - [Companies](https://thailandbusinessnews.net/category/companies/) - [Economy](https://thailandbusinessnews.net/category/economy/) - [Press Releases](https://thailandbusinessnews.net/category/press-release/) - [PR Newswire](https://thailandbusinessnews.net/pr-newswire-updates/) - [Tech](https://thailandbusinessnews.net/category/tech/) - [Tourism](https://thailandbusinessnews.net/category/tourism/) - [Press Release](https://thailandbusinessnews.net/category/press-release/) # PingPong Payments Secures In-Principle Approval for a Capital Markets Services Licence ##### Up next ###### [FGR to launch PureGRAPH® CEM into China](https://thailandbusinessnews.net/press-release/fgr-to-launch-puregraph-cem-into-china/) Published on 06 July 2026 ##### Author ##### [ CISION PRNewswire ](https://thailandbusinessnews.net/author/cision/) ##### Tags - [PRNewswire](https://thailandbusinessnews.net/tag/prnewswire/) SINGAPORE, July 6, 2026 /PRNewswire/ — [PingPong](https://www.international.pingpongx.com/), the embedded financial infrastructure for global businesses, has secured in-principle approval from the Monetary Authority of Singapore (MAS) for a Capital Markets Services (CMS) licence. This CMS licence will allow PingPong to offer eligible Singapore-based clients over-the-counter FX derivatives products through its subsidiary, Mana Markets (SG) Pte. Ltd ("the Company"). Eligible Singapore-based clients will be able to hedge against foreign exchange volatility. This will complement the existing suite of payment services provided by PingPong through its licensed [Major Payment Institution, Mana Payment (Singapore) Pte. Ltd.](https://eservices.mas.gov.sg/fid/institution/detail/414606-MANA-PAYMENT-SINGAPORE-PTE-LTD) in Singapore. **Shu Jianqin, CEO of PingPong Asia Pacific and Group Partner, said:** *"This in-principle approval marks an exciting new chapter for PingPong across Singapore and Southeast Asia. Singapore’s world-class regulatory framework, robust institutional ecosystem, and role as a global financial hub make it both a strategic home for our expansion and a powerful base for the clients we serve."* **About PingPong** Since 2015, we’ve been building the financial payment infrastructure for global commerce. Our compliance-first payment solutions deliver real-time processing, transparent pricing, and regulatory coverage across 60+ licences for secure global growth. From our New York founding, we’ve scaled to 40 offices worldwide with 1,700+ employees, processing over $410 billion for enterprises and startups expanding internationally. For more information, visit **[www.pingpongx.com](https://www.pingpongx.com/)** ***Disclaimer*** *An in-principle approval (IPA) reflects MAS’ view that a licence may be issued to the applicant upon the fulfilment of specified conditions and provided there are no material adverse developments affecting the applicant. An IPA does not constitute a licence for the Company to provide brokerage services at this juncture. MAS reserves the right to rescind the IPA in circumstances where it considers appropriate.* [Source link ](http://www.prnasia.com/story/archive/4997752_AE97752_0?rand=89749) ``` This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network ``` ##### You May Also Like [](https://thailandbusinessnews.net/press-release/advantech-unveils-new-edge-ai-solutions-for-robotics-automation-and-gen-ai-powered-by-qualcomm-dragonwing/) ![Advantech Unveils New Edge AI Solutions for Robotics, Automation, and Gen AI Powered by Qualcomm Dragonwing](https://i0.wp.com/r2.thailandbusinessnews.net/2025/11/Advantech_Qualcomm_IQ_9075_Edge_AI_Solutions.jpg?resize=260%2C140&ssl=1 "Advantech Unveils New Edge AI Solutions for Robotics, Automation, and Gen AI Powered by Qualcomm Dragonwing") - [Press Release](https://thailandbusinessnews.net/category/press-release/) ## Advantech Unveils New Edge AI Solutions for Robotics, Automation, and Gen AI Powered by Qualcomm Dragonwing TAIPEI, Nov. 4, 2025 /PRNewswire/ — Advantech (2395.TW), a global leader in… - [CISION PRNewswire](https://thailandbusinessnews.net/author/cision/ "View all posts by CISION PRNewswire") - 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