Launched in 2023, BC Payments provides fintechs and banks with solutions for cross-border payment services with the aim of overcoming the challenges faced by local high-growth firms, including restricted access to clearing, settlement, and international payment rails.
With the ASF Licence, Ripple Payments in Australia will be able to manage the full lifecycle of a transaction, from onboarding and compliance through funding, FX, liquidity management, and final payout, while integrating both traditional banking rails and digital assets.
Ripple now has more than 75 regulatory licences around the world. In Apac the firm’s payment volumes have nearly doubled year-on-year in 2025.
Read more: https://www.finextra.com/newsarticle/47423/ripple-to-acquire-australias-bc-payments-and-afsl-licence
