Circle to Acquire TazaPay for $400 Million to Expand Local Payment Rails

Circle has announced plans to acquire Singapore-based cross-border payments firm TazaPay for $400 million. The deal aims to integrate TazaPay’s local payment rails, banking relationships, and regulatory infrastructure into the Circle Payments Network (CPN). TazaPay, which processes over $25 billion in annualized volume, will provide Circle with essential local licenses and payout capabilities in emerging markets, particularly in the APAC region.