Kuala lumpur: Airwallex, a leading global fintech platform, today announced that its Singapore entity, Airwallex Capital (Singapore) Pte Ltd, has been granted a Capital Markets Services (CMS) licence by the Monetary Authority of Singapore (MAS). With this licence, Airwallex can now offer regulated investment solutions and custodial services to businesses in Singapore through its Airwallex Yield product.

According to BERNAMA News Agency, Airwallex Yield is an investment fund management service that allows businesses to earn competitive returns on surplus funds held within their business. The approval from MAS marks a significant milestone for Airwallex, enabling the company to expand its service offerings in Singapore and provide value-added financial solutions to local businesses.