Ripple to acquire BC Payments Australia for local licence

Ripple has revealed plans to get an Australian Financial Services Licence (AFSL) done the acquisition of BC Payments Australia.

The acquisition is taxable to modular completion formalities.

The licence volition alteration Ripple to grow its cross-border payments work successful Australia, allowing banks, fintechs and enterprises to determination worth faster portion remaining afloat compliant with section regulations.

Once approved, Ripple Payments volition power the full transaction lifecycle - from onboarding and compliance to funding, FX, liquidity proviso and last payout - combining accepted banking rails with integer assets.

The institution said the determination volition connection it nonstop oversight of settlement, entree to section payout networks and optimised routing, delivering quicker settlement, greater transparency and reduced counterparty risk.

Customers volition payment from a azygous integration point, avoiding the complexity of aggregate intermediaries oregon blockchain management, it added.

Ripple Asia Pacific managing manager Fiona Murray said: “Australia is simply a cardinal marketplace for Ripple, and an AFSL strengthens our quality to standard Ripple Payments crossed the region. By leveraging blockchain exertion and integer assets, we alteration customers to determination worth globally with greater speed, transparency, and reliability.

“We stay focused connected moving intimately with regulators to enactment the adjacent signifier of maturation for integer plus infrastructure.”

Ripple’s APAC payments measurement astir doubled year-on-year successful 2025.

The institution already serves Australian clients including Hai Ha Money Transfer, Novatti Group, Stables, Caleb & Brown, Flash Payments and Independent Reserve.

Last month, Ripple gained afloat Electronic Money Institution authorisation from Luxembourg’s CSSF. Currently, it holds much than 75 regulatory licences globally.

In November, the institution raised $500m astatine a $40bn valuation.

"Ripple to get BC Payments Australia for section licence" was primitively created and published by Electronic Payments International, a GlobalData owned brand.

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