Circle has agreed to acquire Singapore-based cross-border payments platform Tazapay in a deal expected to close in 2027, according to an announcement on September 8, 2026. The transaction will integrate Tazapay’s payment infrastructure with Circle’s stablecoin ecosystem, targeting faster settlement across Asia-Pacific and emerging markets.
Tazapay processes payments across 100-plus markets with local payout rails and currently handles an annualized payment volume of $25 billion. Stablecoins account for approximately 60% of the platform’s transaction volume. The company serves 60 banking and fintech partners.
Circle previously invested in Tazapay during the company’s Series B funding round in August 2025, when Tazapay’s annualized payment volume was $10 billion. Ripple, the XRP issuer, also participated in that round. Tazapay became a design partner for Circle Payments Network in 2025.
Irfan Ganchi, senior vice president of payments at Circle, said the acquisition represents a strategic expansion of the company’s payment infrastructure. “This acquisition will increase Circle’s capability to originate and terminate payments globally, near-instant and 24/7, which is a meaningful step toward making USDC the default payment rail for cross-border commerce,” Ganchi stated.
The transaction requires customary closing conditions and approval from the Monetary Authority of Singapore. Circle did not disclose financial terms of the deal. Circle did not respond to Cointelegraph’s request for comment on the transaction.
Tazapay’s annualized payment volume grew from $10 billion in August 2025 to $25 billion at the time of the acquisition announcement, representing a 150% increase over approximately one year. According to Traxcn data, Tazapay has raised a total of $57.9 million to date.
Market Response
Circle’s NYSE-traded shares declined 2% in Tuesday premarket activity following the announcement. Bernstein has set a $140 price target for Circle stock.
