Based works with regulated entities to issue Visa debit cards to you in a thoroughly compliant mannor.
We issue Visa cards through Xfers Pte. Ltd. Xfers Pte Ltd is responsible for settling funds resulting from your Card transactions directly with Visa. Xfers Pte Ltd is incorporated in Singapore, and a holder of Major Payment Institution (MPI) license in Singapore.
Major payment institutions provide any combination of regulated payment services, regardless of transactional volume or e-money held. Major payment institutions are subject to more comprehensive regulation than standard payment institutions as the scale of their operations pose greater risks. For example, a major payment institution must comply with requirements to protect customer money.