Circle Targets Global Payments Growth With Tazapay Acquisition
- On Tuesday, Circle Internet Group announced a definitive agreement to acquire Singapore-based payments platform Tazapay, with the deal expected to close in 2027 subject to Monetary Authority of Singapore approval.
- Circle previously invested in Tazapay during its August 2025 Series B round, which brought total funding to $57.9 million, and the startup serves more than 60 banking and fintech partners across over 100 markets.
- Tazapay processes more than $25 billion in annualized payment volume, with approximately 60% of transactions already including stablecoins, significantly expanding Circle's reach into APAC and emerging markets.
- Integrating Tazapay increases Circle's capability to "originate and terminate payments globally, near-instant and 24/7," said Irfan Ganchi, Senior Vice President of Payments at Circle, positioning USDC as the default rail for cross-border commerce.
- Circle's NYSE-traded shares fell more than 2% in Tuesday's premarket activity, though Tazapay customers can expect no disruption to service, pricing, or support as the companies prepare for the 2027 close.
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Financial Post
Circle Expands Global Payments Infrastructure with Agreement to Acquire Singapore-Based Cross-Border Payments Platform, Tazapay
Proposed acquisition will bring 60+ banking and fintech partners, 100+ payout markets into the Circle ecosystem, accelerating USDC distribution at scale NEW YORK & SINGAPORE — Circle Internet Group, Inc. (NYSE: CRCL), the global financial technology firm and issuer of USDC today announced it has signed a definitive agreement to acquire Tazapay, a Singapore-headquartered B2B […]
US-based Circle to buy Singapore's Tazapay for $400M to expand USDC cross-border payments
The United States-based Circle Internet Group, the issuer of the USDC stablecoin, will acquire Singapore's Tazapay, a cross-border business-payments company, in an all-stock deal to expand its global payments network.
Circle Internet Group, the issuer of the stablecoin "USD Coin (USDC)," is headquartered in Singapore... The post Circle to acquire Singapore's Tazapay – accelerating USDC's global expansion first appeared on NADA NEWS.
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