- Ripple and Circle invested in Tazapay’s Series B, backing its $10B+ payments network.
- The partnership will expand fiat-to-stablecoin settlement for B2B payments using XRP Ledger and USDC.
- Tazapay is pursuing new licenses in the US, UAE, Hong Kong, and Australia to accelerate global expansion.
Tazapay, the Singapore-based payments platform, has pulled in heavyweights Ripple and Circle as new backers in its Series B funding round. The move isn’t just about capital — it’s about scaling a $10B annual payments network into a blockchain-powered system that bridges fiat and stablecoins for global businesses. With Ripple’s XRP Ledger and Circle’s USDC now in the mix, Tazapay is positioning itself as a serious challenger in cross-border payments, especially in markets where banks still lag behind.
Stablecoins Meet Global Payments Infrastructure
The partnership goes beyond branding. Ripple and Circle will actively support Tazapay’s stablecoin settlement network, boosting adoption in B2B payments. By integrating USDC and leveraging Ripple’s ledger, Tazapay aims to slash costs in cross-border transfers — a pain point for many firms in emerging economies. A company spokesperson noted that the partnership creates the backbone for scaling stablecoin-based settlement, which could make Tazapay’s network far more competitive against established fintech players.
Licensing Push and Regional Expansion
Armed with new funding, Tazapay is pushing aggressively into licensing across multiple regions. It already holds approvals in Singapore, the EU, and Canada, and now has its eyes on the US, UAE, Hong Kong, and Australia. In Singapore, the firm is seeking a Digital Payment Token license to expand crypto services under regulatory clarity. Partnerships with Norinchukin Capital and GMO Venture Partners will drive entry into Japan, further solidifying Tazapay’s Asian footprint before moving deeper into global markets.
Growth Momentum and Fintech Positioning
The expansion comes on the back of impressive growth: Tazapay recorded 300% year-over-year growth and already processes more than $10 billion annually. Its ability to attract Ripple and Circle as partners signals that it’s not just another payments startup, but a rising contender in the blockchain-fintech race. By combining regulatory legitimacy, stablecoin integration, and strong partnerships, Tazapay is angling to become a central player in global payments infrastructure.
