Circle Internet Group has signed a definitive agreement to acquire Tazapay, a Singapore-based B2B cross-border payments infrastructure company serving payment providers and financial institutions.
The transaction is expected to close in 2027, subject to customary conditions and regulatory approvals, including approval from the Monetary Authority of Singapore.
Tazapay brings more than $25 billion in annualized payment volume, over 60 banking and fintech partners and local payout rails covering more than 100 markets.
Approximately 60% of Tazapay’s transaction volume already involves stablecoins, making the business particularly complementary to Circle’s strategy of expanding USDC as infrastructure for global payments.
Tazapay has served as a design partner for the Circle Payments Network since 2025. By bringing the company in-house, Circle expects to expand its ability to originate and terminate cross-border payments around the world on a near-instant, 24/7 basis.
The transaction also substantially expands Circle’s payment infrastructure across Asia-Pacific and emerging markets, where the company sees increasing demand for USDC-denominated transactions.
Circle’s broader platform includes USDC, Circle Payments Network and Arc, its enterprise-grade blockchain platform.
Tazapay customers are expected to experience no disruption to service, APIs, pricing or support as the companies work toward closing.
KEY QUOTES:
“Stablecoin settlement is becoming core infrastructure in the global economy, and combining USDC with Tazapay’s world-class banking relationships, local payout rails, and institutional customer base will accelerate worldwide USDC adoption,” said Jeremy Allaire, Co-Founder, CEO, and Chairman at Circle. “Tazapay has been a design partner for Circle Payments Network since 2025 and we share a deep alignment. We are excited to bring the team in-house and work together towards accelerating Circle’s mission.”
Jeremy Allaire, Co-Founder, CEO, and Chairman of Circle
“Tazapay brings deep payment infrastructure across APAC and emerging markets, where we see increasing demand for USDC-denominated transactions. This acquisition will increase Circle’s capability to originate and terminate payments globally, near-instant and 24/7, which is a meaningful step toward making USDC the default payment rail for cross-border commerce,” said Irfan Ganchi, Senior Vice President of Payments at Circle. “Combined with Circle’s existing network, Tazapay extends our coverage to move money anywhere stablecoin payments are being adopted globally.”
Irfan Ganchi, Senior Vice President of Payments at Circle
“We built Tazapay to make payments faster, remove friction, and streamline dependency on banking rails that don’t operate at the speed of global commerce. Circle has the dollar infrastructure in USDC and the regulatory standing to take what we’ve built further than we could alone. That’s what makes this the right move and what we’re focused on delivering together,” said Rahul Shinghal, Co-Founder and CEO of Tazapay.
Rahul Shinghal, Co-Founder and CEO of Tazapay
