According to a recent LinkedIn post from ONERWAY, Overcross Pte. Ltd., the licensed operator of the ONERWAY payment platform, has obtained approval for a Major Payment Institution licence from the Monetary Authority of Singapore, effective 1 March 2026. The post indicates that this licence allows the company to provide regulated merchant acquisition, domestic money transfer, and cross-border money transfer services under the ONERWAY brand.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
The post suggests that this regulatory milestone could deepen ONERWAY’s integration into Singapore’s financial ecosystem and enhance its credibility with enterprise clients that prioritize compliance. For investors, MAS authorisation under the Payment Services Act 2019 may expand the company’s addressable market in digital payments while potentially increasing regulatory costs, but it also raises barriers to entry for less regulated competitors.
The company’s LinkedIn post highlights a focus on AML and CFT controls, safeguarding of client funds, and technology risk management as part of its operating framework. This emphasis on governance and risk controls may support ONERWAY’s positioning as a scalable infrastructure provider for local and global businesses, which could be relevant for assessing long-term sustainability and potential partnerships in the fintech and payments space.