SG Digest: Coda secures MPI licence; Thakral raises stake in TIL Investments

▤ Summary

Coda Payments has secured a Major Payment Institution licence from Singapore’s Monetary Authority, allowing it to keep providing merchant acquisition and money transfer services in the country. The approval follows earlier in-principle clearance and reinforces Singapore as a core market in Coda’s governance and growth strategy. Coda serves digital content monetisation and distribution needs for publishers and gaming companies across global markets. The company also recently expanded through the acquisition of Recharge, underscoring its broader payments and distribution ambitions. The second item in the digest covers Thakral Corporation’s increased stake in an India development project.

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