Circle Signs Agreement to Acquire Cross-Border Payments Firm Tazapay

According to BlockchainReporter, Circle Internet Group signed a definitive agreement on September 8 to acquire Singapore-based cross-border payments company Tazapay. The proposed transaction remains unclosed and is expected to finish in 2027, pending customary closing conditions and regulatory approvals, including clearance from the Monetary Authority of Singapore. Financial terms and a specific completion date were not disclosed.

Tazapay provides business-to-business payment infrastructure, handling over $25 billion in annualized payment volume and supporting local payouts in more than 100 markets. Circle plans to integrate Tazapay's bank connections and local payout rails to broaden its round-the-clock USDC payment reach, particularly in Asia-Pacific and emerging markets. Circle stated that Tazapay customers will experience no service disruptions during the transition.

BlockchainReporter noted that Tazapay previously served as a design partner for the Circle Payments Network starting in 2025. Tazapay operates with over 60 banking and fintech partners, and Circle reported that approximately 60% of Tazapay's transaction volume involves stablecoins. Until the regulatory review concludes and the acquisition closes, Tazapay continues to operate as an independent entity.