Circle acquires UAE based TazaPay enhancing stablecoin payments
Circle Internet Group, Inc. (NYSE: CRCL), the global financial technology firm and issuer of USDC will be acquiring TazaPay, a Singapore headquartered B2B cross border payments infrastructure company with a presence in the UAE.
As per the announcement, 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. Tazapay customers can expect no disruption to their service, APIs, pricing, or support.
In August 2025, Ripple Circle and others had invested in Tazapay in its Series B funding round as TazaPay announced expansions of its regulated operations to the UAE in MENA. The company is already licensed in Singapore, Canada, and the EU, and will use the new funding to accelerate its licensing roadmap across key global markets.The company is seeking licenses in the UAE, US, Hong Kong, Australia, and for a Digital Payment Token (DPT) license in Singapore.
“Combining USDC with Tazapay’s world-class banking relationships, local payout rails, and institutional customer base will accelerate worldwide USDC adoption,” said Jeremy Allaire.
He added, that stablecoin settlement has become a core infrastructure in the global economy and that banking relations, local payout rails and institutional customer base will accelerate USFC adoption globally.
The acquisition will accelerate Circle’s mission to build the infrastructure layer for global digital finance. Tazapay brings over $25 billion of annualized payment volume, 60+ banking and fintech partners, local payout rails covering over 100 markets, adding scale to Circle’s payments infrastructure1. Approximately 60% of Tazapay’s transaction volume already includes stablecoins2.
“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.
