Circle Internet Group, Inc., the global financial financial technology firm and issuer of USDC, has signed a definitive agreement to acquire Tazapay, a Singapore-headquartered B2B cross-border payments infrastructure company focused on serving payment service providers and financial institutions. The deal is expected to close in 2027, subject to customary closing conditions and receipt of regulatory approvals, including approval from the Monetary Authority of Singapore.

The acquisition will accelerate Circle's mission to build the infrastructure layer for global finance. Tazapay brings over $25 billion of annualized payment volume, more than 60 banking and fintech partners, and local payout rails covering over 100 markets, adding scale to Circle's payments infrastructure. Approximately 60% of Tazapay's transaction volume already includes stablecoins.

"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."

"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."

"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.

The deal is the latest in a broader wave of consolidation as traditional cross-border payments, which have long relied on correspondent banking networks that can take days to settle and are limited by banking hours, come under pressure from stablecoin-based alternatives that settle near-instantly and around the clock. For financial institutions and payment service providers evaluating such infrastructure, the 2027 closing timeline and the requirement for Monetary Authority of Singapore approval are the key regulatory milestones to watch before the combined offering takes shape.

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