According to @Ripple, the Monetary Authority of Singapore approved an expanded scope of payment activities under Ripple's Major Payment Institution license, enabling end-to-end, fully licensed payment services for customers in the region; source: Ripple. Under the Payment Services Act, Major Payment Institutions are licensed to provide regulated services including cross-border and domestic money transfer, merchant acquisition, e-money issuance, and digital payment token services, defining the compliance framework relevant to Ripple's operations; source: Monetary Authority of Singapore.