According to a recent LinkedIn post from ONERWAY, Overcross Pte. Ltd., the licensed operator of the ONERWAY payment platform, has been granted a Major Payment Institution licence by the Monetary Authority of Singapore, effective March 1, 2026. The post indicates that Overcross is authorised under Singapore’s Payment Services Act 2019 to offer merchant acquisition, domestic money transfer, and cross-border money transfer services under the ONERWAY brand.
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The LinkedIn post presents this regulatory approval as a milestone in strengthening ONERWAY’s role in Singapore’s financial ecosystem and underscores a focus on compliance, governance, and secure, scalable payment solutions. For investors, the MPI licence may enhance ONERWAY’s ability to scale transaction volumes, deepen institutional partnerships, and improve competitive positioning in regional and global digital payments, while also imposing higher compliance and risk-management obligations that could impact operating costs.
The post further highlights that Overcross, as the licensed entity behind ONERWAY, is expected to adhere to MAS standards on AML and CFT controls, safeguarding of customer funds, and technology risk management. This regulatory status could support customer and partner confidence, potentially improving revenue visibility from payment services, but future financial impact will depend on execution, market adoption, and how effectively the company leverages its new licence in a competitive fintech landscape.