Circle Internet Group (NYSE: CRCL), headquartered in New York and Singapore, said it has signed a definitive agreement to acquire Tazapay, a Singapore-based provider of B2B cross-border payments infrastructure. The transaction is expected to close in 2027, subject to customary closing conditions and regulatory approvals, including approval from the Monetary Authority of Singapore.
Tazapay processed more than $25 billion in annualized payment volume as of July 31, 2026, according to Circle. The company maintains relationships with more than 60 banking and fintech partners and operates local payout rails covering more than 100 markets. Circle said approximately 60% of Tazapay's transaction volume already includes stablecoins.
Tazapay has been a design partner for Circle Payments Network since 2025. The acquisition adds Tazapay's payment infrastructure across Asia-Pacific and emerging markets to Circle's network. Circle said Tazapay customers can expect no disruption to service, APIs, pricing or support.
Circle issues USDC, operates the Circle Payments Network for global money movement and provides Arc, a blockchain platform for enterprises and financial institutions. Jeremy Allaire, co-founder, CEO and chairman of Circle, said stablecoin settlement is becoming core infrastructure in the global economy and that combining USDC with Tazapay's banking relationships, local payout rails and institutional customer base will accelerate worldwide USDC adoption.
Rahul Shinghal, co-founder and CEO of Tazapay, said the company was built to make payments faster, remove friction and streamline dependency on banking rails that do not operate at the speed of global commerce.
