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Fazz is a trading name for the following businesses that hold applicable payment business in Indonesia and Singapore. Fazz Business (SG) is powered by Xfers Pte. Ltd. that holds a Major Payment Institution Licence approved by the Monetary Authority of Singapore (“MAS”) which allows it to provide e-money issuance services, and has been granted an exemption from holding a licence under the Payment Services Act for specific payment services (i.e., account issuance service, domestic money transfer service, inward cross-border money transfer service, merchant acquisition service, e-money issuance and digital payment token service) for a specified period.

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