PingPong Secures Capital Markets Services Licence from MAS

29 October 2026, Singapore – PingPong, a global provider of cross-border payment solutions, is pleased to announce that its Singapore subsidiary, Mana Markets (SG) Pte. Ltd., was granted a Capital Markets Services (CMS) licence by the Monetary Authority of Singapore (MAS) on 22 October 2026.

The licence authorises Mana Markets (SG) Pte. Ltd. to conduct the regulated activity of dealing in capital markets products, specifically over-the-counter (OTC) derivatives contracts, subject to applicable regulatory requirements and licence conditions.

This milestone will enable Mana Markets (SG) Pte. Ltd., upon completion of its operational preparations and satisfaction of the applicable regulatory requirements, to offer eligible Singapore-based corporate clients FX hedging solutions designed to help manage foreign exchange exposure and currency volatility.

These planned services will complement the existing payment solutions provided by PingPong in Singapore through its separately licensed Major Payment Institution, Mana Payment (Singapore) Pte. Ltd.

Shu Jianqin, CEO of PingPong Asia Pacific and Group Partner, commented:

"This licence marks an exciting new chapter for PingPong across Singapore and Southeast Asia. Singapore’s world-class regulatory framework, robust institutional ecosystem, and role as a global financial hub make it both a strategic home for our expansion and a powerful base for the clients we serve."