Circle Acquires Tazapay for $400 Million to Expand into Emerging Markets

TechFlow reported on September 13 that, according to CoinDesk, Circle Internet Group has signed a definitive agreement to acquire Singapore-based cross-border payment platform Tazapay in an all-stock transaction valued at approximately $400 million. This marks the largest merger and acquisition for Circle since its 2018 purchase of Poloniex, with the deal expected to officially close in 2027 following approval from relevant regulatory authorities.

Headquartered in Singapore, Tazapay maintains an extensive network of payment infrastructure across the Asia-Pacific region and emerging markets. Circle stated that the acquisition aims to secure Tazapay's localized payment capabilities and banking relationships to meet growing USDC settlement demand, further consolidating the company's growth momentum in emerging markets.