Overview
Tazapay, at a glance.
Tazapay is a major payment institution headquartered in Singapore, regulated by MAS, Bank of Canada, AUSTRAC, Customs and Excise Department and registered with FINTRAC and FinCEN as a money services business. The company behind Tazapay is TAZAPAY PTE. LTD. Pricing is agreed with each client. Opening an account takes 3–5 business days.
Tazapay is not a bank. For a company contracted by TAZAPAY PTE. LTD., customer money is safeguarded under Singapore's Payment Services Act in an omnibus client money trust account at a Singapore bank, or a segregated account backed by the bank's undertaking; the bank is not named and the money is not deposit-insured. Collection accounts are ledger accounts: Tazapay holds the money in its own regulated accounts. Under Tazapay HK Limited the money is not safeguarded.
Why businesses pick Tazapay
- No fee to open or close the account
- Named collection accounts in your company's name with local details in Nigeria, Indonesia, Singapore, South Korea, Vietnam, the EEA, the UK, Canada, the US and Australia
- One balance across all collection accounts, with payouts to 100+ countries in 51 currencies
- Local payouts from US$2 to US$5 and SWIFT payouts from US$5 to US$35
- Settlement to your own bank account is free from US$1,000 in local currency and from US$10,000 by wire
- Accepts sole proprietors, freelancers, partnerships and private and public companies from most countries
- Support by email, Slack, WhatsApp and Telegram, with a dedicated account manager
Watch out for
- Collection-account pricing is given by sales, and the monthly fee is set in a pricing addendum
- The exchange margin is not published: Tazapay sets the rate and may include its own markup
- Collection accounts only receive money: no card, chequebook or direct debit
- Settlement to your own bank costs US$5 under US$1,000 in local currency and US$35 under US$10,000 by wire
- Companies in 27 countries and regions are refused, including Russia, Belarus, Serbia, Albania, Bosnia and Herzegovina, North Macedonia, Montenegro, Kosovo and Venezuela
- Companies outside Singapore, Canada and Hong Kong are assigned one of Tazapay's three companies at its discretion, and under Tazapay HK Limited the money is not safeguarded
- Each collection account is requested and approved separately; Indonesian accounts take about two weeks
Business fit
Will Tazapay accept your business?
Four quick answers. Where your company is registered and what it does rule a provider in or out faster than anything else.
Based on Tazapay's published rules
Likely fit
Tazapay lists both United Kingdom companies and Travel (OTAs, tour operators, DMCs) as accepted.
Tazapay does not publish a minimum company age or turnover, so those two answers are not checked here.
This is one provider. Your profile checks all of them.
- Every provider that fits your business
- The reason behind each match
- Company age and turnover checked too
Who it works with
Accepted and not accepted.
What Tazapay publishes about the businesses it takes on.
Who Tazapay serves
- Travel
- Video games
- E-commerce
- Marketplaces
- Financial institutions
- SaaS
- Import and export
All 8 industries on Tazapay's accepted list
- Travel (OTAs, tour operators, DMCs)
- Online gaming (developers, publishers, distributors, marketplaces)
- E-commerce and marketplaces
- Fintech, remittance and treasury platforms
- SaaS (HR and EoR, adtech, cloud)
- Digital goods (edtech, stock media, music)
- B2B goods and services exporters
- Marketplace merchants
Not supported
Industries and countries Tazapay does not accept, from its own published lists.
Industries
- Selling of likes or followers for social media
- Tattoo parlours or massage parlours
- Outbound telemarketing
- Pawn shops
- Affiliation with religious, political, or social campaigning
- Aroma, organic, or herbal products misrepresented as having medical or pharmaceutical benefits (where such representation is prohibited by Applicable Laws)
- Credit repair services
- Tobacco, cigars, electronic cigarettes, and nicotine products
- Unlicensed tax, accounting, and legal firms
- Adult entertainment, websites, or content
- Counterfeit items or goods
- Espionage equipment and accessories
- Gambling providers or transactions, including games of chance
- Illegal downloads of movies, music, computer and video games
- Illegal or unlicensed sale of financial information
- Mail order bride services
- Money changers or unlicensed money transmission services
- Online pharmacies; sale of prescription drugs or devices online
- Poisonous and hazardous materials
- Pyramid or Ponzi schemes
- Shell banks and companies
- Signal jammers or blockers that interfere with cellular or communication devices
- Stolen goods, including digital and virtual goods
- Surrogacy services
- Illegal or unlicensed investment schemes
- Prohibited industries as designated by major card schemes or Payment Partners (where not otherwise classified in Category 3)
- Drugs or drug proprietors selling illegal substances
- Human remains and body parts
- Products or services promoting abuse, hatred, racism, religious persecution, terrorism, violence, or containing offensive content
- Sanction list inclusions (global)
- Trade of weapons, ammunition, military arms, explosive devices, and firearm parts
- Drug paraphernalia
Countries
- Afghanistan · company
- Albania · company
- Belarus · company
- Bosnia & Herzegovina · company
- Burundi · company
- Central African Republic · company
- Cuba · company
- North Korea · company
- Haiti · company
- Iran · company
- Iraq · company
- Kosovo · company
- Lebanon · company
- Libya · company
- North Macedonia · company
- Mali · company
- Montenegro · company
- Myanmar (Burma) · company
- Russia · company
- Serbia · company
- Somalia · company
- South Sudan · company
- Sudan · company
- Syria · company
- Venezuela · company
- Yemen · company
Coverage
Where can you use Tazapay?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
10 currencies for collection accounts
Collection accounts · 10 currencies
- EUR
- USD
- GBP
- CAD
- AUD
- IDR
- KRW
- NGN
- SGD
- VND
Pay out and settle · 51 currencies
- EUR
- USD
- GBP
- CHF
- CAD
- AUD
- JPY
- AED
- ARS
- BDT
- BHD
- BRL
- CLP
- CNY
- COP
- CZK
- DKK
- EGP
- GHS
- HKD
- HUF
- IDR
- ILS
- INR
- KES
- KRW
- KWD
- LKR
- MAD
- MXN
- MYR
- NGN
- NOK
- NPR
- NZD
- OMR
- PEN
- PHP
- PKR
- PLN
- QAR
- RON
- SAR
- SEK
- SGD
- THB
- TRY
- TZS
- UGX
- VND
- ZAR
Collection accounts in ZAR, TZS, HKD, TWD and THB are coming soon. Tazapay says balances can be held in 40+ currencies.
Payment reach
Not published
Who can apply
Company incorporation countries224 countries · show list
- Åland Islands
- Algeria
- American Samoa
- Andorra
- Angola
- Anguilla
- Antarctica
- Antigua & Barbuda
- Argentina
- Armenia
- Aruba
- Australia
- Austria
- Azerbaijan
- Bahamas
- Bahrain
- Bangladesh
- Barbados
- Belgium
- Belize
- Benin
- Bermuda
- Bhutan
- Bolivia
- Botswana
- Bouvet Island
- Brazil
- British Indian Ocean Territory
- British Virgin Islands
- Brunei
- Bulgaria
- Burkina Faso
- Cambodia
- Cameroon
- Canada
- Cape Verde
- Caribbean Netherlands
- Cayman Islands
- Chad
- Chile
- China
- Christmas Island
- Cocos (Keeling) Islands
- Colombia
- Comoros
- Congo - Brazzaville
- Congo - Kinshasa
- Cook Islands
- Costa Rica
- Côte d’Ivoire
- Croatia
- Curaçao
- Cyprus
- Czechia
- Denmark
- Djibouti
- Dominica
- Dominican Republic
- Ecuador
- Egypt
- El Salvador
- Equatorial Guinea
- Eritrea
- Estonia
- Eswatini
- Ethiopia
- Falkland Islands
- Faroe Islands
- Fiji
- Finland
- France
- French Guiana
- French Polynesia
- French Southern Territories
- Gabon
- Gambia
- Georgia
- Germany
- Ghana
- Gibraltar
- Greece
- Greenland
- Grenada
- Guadeloupe
- Guam
- Guatemala
- Guernsey
- Guinea
- Guinea-Bissau
- Guyana
- Heard & McDonald Islands
- Honduras
- Hong Kong SAR China
- Hungary
- Iceland
- India
- Indonesia
- Ireland
- Isle of Man
- Israel
- Italy
- Jamaica
- Japan
- Jersey
- Jordan
- Kazakhstan
- Kenya
- Kiribati
- Kuwait
- Kyrgyzstan
- Laos
- Latvia
- Lesotho
- Liberia
- Liechtenstein
- Lithuania
- Luxembourg
- Macao SAR China
- Madagascar
- Malawi
- Malaysia
- Maldives
- Malta
- Marshall Islands
- Martinique
- Mauritania
- Mauritius
- Mayotte
- Mexico
- Micronesia
- Moldova
- Monaco
- Mongolia
- Montserrat
- Morocco
- Mozambique
- Namibia
- Nauru
- Nepal
- Netherlands
- New Caledonia
- New Zealand
- Nicaragua
- Niger
- Nigeria
- Niue
- Norfolk Island
- Northern Mariana Islands
- Norway
- Oman
- Pakistan
- Palau
- Palestinian Territories
- Panama
- Papua New Guinea
- Paraguay
- Peru
- Philippines
- Pitcairn Islands
- Poland
- Portugal
- Puerto Rico
- Qatar
- Réunion
- Romania
- Rwanda
- Samoa
- San Marino
- São Tomé & Príncipe
- Saudi Arabia
- Senegal
- Seychelles
- Sierra Leone
- Singapore
- Sint Maarten
- Slovakia
- Slovenia
- Solomon Islands
- South Africa
- South Georgia & South Sandwich Islands
- South Korea
- Spain
- Sri Lanka
- St. Barthélemy
- St. Helena
- St. Kitts & Nevis
- St. Lucia
- St. Martin
- St. Pierre & Miquelon
- St. Vincent & Grenadines
- Suriname
- Svalbard & Jan Mayen
- Sweden
- Switzerland
- Taiwan
- Tajikistan
- Tanzania
- Thailand
- Timor-Leste
- Togo
- Tokelau
- Tonga
- Trinidad & Tobago
- Tunisia
- Türkiye
- Turkmenistan
- Turks & Caicos Islands
- Tuvalu
- U.S. Outlying Islands
- U.S. Virgin Islands
- Uganda
- Ukraine
- United Arab Emirates
- United Kingdom
- United States
- Uruguay
- Uzbekistan
- Vanuatu
- Vatican City
- Vietnam
- Wallis & Futuna
- Western Sahara
- Zambia
- Zimbabwe
Owner nationality
Not publishedOwner residency
Not publishedCompany types
Private limited companies, Public companies, Partnerships, Sole proprietors, Freelancers
Pricing
What does Tazapay cost?
Look beyond the monthly fee. Your total cost depends on how many transfers you make, where they go and how much you convert.
Account cost
Opening fee
Not published
Monthly fee
Not published
Standard
Custom
Custom
Custom
Transaction fees
| Cost | Listed amount | How it is charged |
|---|---|---|
| Incoming | ||
| Local transfer from another bank | Not published | Global Collection Accounts: contact sales |
| Outgoing | ||
| SWIFT / international | $5–35 | Fixed fee, within a range · SWIFT payouts |
| Local transfer to another bank | $2–5 | Fixed fee, within a range · Local payouts |
Ranges span the plans; higher plans pay the lower end.
Other fees
Currency exchange (FX)
| Cost | Listed amount | How it is charged |
|---|---|---|
| FX markup | Not published | Tazapay sets the rate and may include its own markup; customised FX on the Custom plan |
Cards
| Cost | Listed amount | How it is charged |
|---|---|---|
| Virtual card issue | Not offered | Not available |
Forward contracts: Not published
Compare FX providersOnboarding
From application to live account.
Tazapay states 3 to 5 business days for business verification; each collection account is then reviewed and approved separately.
- 1
Sign up
Sign up at dashboard.tazapay.com/signup and verify your email.
- 2
Business verification
Complete KYB in the dashboard: business details, directors or partners, owners with 25% or more, users, bank details and documents.
- 3
Review
Tazapay reviews the business, typically in 3 to 5 business days.
- 4
Collection accounts
Request a collection account for each currency or market. After a compliance review the details appear in the dashboard: the same day in Singapore, the EEA, the UK, Canada, the US and Australia, 1 to 2 days in Nigeria and Vietnam, two weeks in Indonesia.
Documents you need
- Business registration documents
- Share ownership and list of directors and officers
- Operating address proof (within 6 months)
- IDs of UBOs with 25% or more
- IDs of all directors
- Authorised representative ID and proof of address
- Business website
- Sole proprietors: owner ID and address proof, operating address proof, business registry document, trading name
FAQ
Your questions, answered.
Is Tazapay a bank?
No. Tazapay Pte. Ltd. is licensed by the Monetary Authority of Singapore as a major payment institution (PS20200638). The group also holds registrations with FINTRAC and the Bank of Canada, FinCEN, AUSTRAC and Hong Kong customs. Collection accounts are ledger accounts: Tazapay holds the money in its own regulated accounts and gives you the bank details to share with payers.
Who owns Tazapay?
Tazapay is a Singapore company. On 8 September 2026 it announced that Circle Internet Group (NYSE: CRCL) has signed an agreement to acquire it; closing is expected in 2027, subject to regulatory approvals including the Monetary Authority of Singapore's. Tazapay says contracts, virtual accounts and licences continue unchanged. Source: tazapay.com/blog/circle-acquires-tazapay.
Which Tazapay company will my company contract with?
A Singapore company contracts with Tazapay Pte. Ltd., a Canadian company outside Quebec with Tazapay Canada Corp. and a Hong Kong company with Tazapay HK Limited. Companies elsewhere are assigned one of the three at Tazapay's discretion and must confirm they approached Tazapay on their own initiative.
How much does Tazapay cost?
Opening and closing the account are free. Collection-account pricing is given by sales. Local payouts cost US$2 to US$5 and SWIFT payouts US$5 to US$35. Settlement to your own bank account costs US$5 under US$1,000 in local currency and US$35 under US$10,000 by wire, and is free above those amounts. The exchange margin is not published.
Can I fix an exchange rate for a future payment?
No. Tazapay publishes no forward contracts; its terms say it is not a currency trading platform, and conversions are at the rate when the payment is made.
Does Tazapay accept gambling businesses?
No. Gambling providers and games of chance are prohibited. Fantasy sports, e-sports tournaments and games of skill without cash prizes are high-risk industries that Tazapay may accept after enhanced due diligence.
Alternatives
How Tazapay compares.
If Tazapay is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 TazapayThis pageMajor payment institution |      | Global payoutsEmerging markets |
 AirwallexE-money institution |   | Global accountsOnline businesses |
 InstaremMajor payment institution |  | Collection accountsBulk payouts |
 WorldFirstE-money institution | | Marketplace sellersTrade payments |
 PayoneerE-money institution |  | Marketplace payoutsMass payments |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.