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- Ripple announced plans on Wednesday to secure an Australian Financial Services License through the proposed acquisition of BC Payments Australia Pty Ltd, per a release shared with CoinDesk.
- The acquisition, which is still subject to completion, would allow Ripple to offer its full payments stack in Australia, covering onboarding, compliance, funding, foreign exchange, liquidity management, and payout through a single integration.
- Australian customers currently using Ripple Payments include Hai Ha Money Transfer, Stables, Caleb & Brown, Flash Payments, and Independent Reserve.
- "Australia is a key market for Ripple, and an AFSL strengthens our ability to scale Ripple Payments across the region," said Fiona Murray, managing director for Asia Pacific, in a statement.
- Ripple said its APAC payments volume nearly doubled year-on-year in 2025, though it didn't disclose specific figures.
- That growth sits alongside the $100 billion in total processed volume the company reported last week when it announced managed custody, virtual account collections, and stablecoin settlement capabilities across 60 markets.
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Nguon tham khao: https://www.coindesk.com/markets/2026/03/11/ripple-to-acquire-australian-financial-services-license-as-apac-payments-volume-doubles