Circle to Buy Payments Platform Tazapay for $400M

• The deal is valued at around $400 million.
• The consideration will be paid in Circle shares.
• The deal is expected to close in 2027 after receiving regulatory approvals.

Circle Internet Group has entered into an agreement to acquire Singapore-based B2B cross-border payments platform Tazapay. According to the company’s Form 8-K filing submitted to the U.S. Securities and Exchange Commission (SEC), the deal is valued at around $400 million and will be paid in Circle securities.

The company plans to acquire all outstanding Tazapay shares that it or its affiliates do not already own. The final purchase price may be adjusted to reflect debt, cash, and transaction-related expenses.

The number of Circle shares the sellers will receive will be determined based on the 20-trading-day volume-weighted average price prior to closing. A portion of the securities will also be withheld to cover potential liabilities under the agreement.

Circle said the acquisition of Tazapay will help expand the company’s global payments infrastructure. The platform works with more than 60 banking and fintech partners and supports local payouts in more than 100 markets.

Tazapay’s annual payment volume exceeds $25 billion, with around 60% of the platform’s transactions already tied to stablecoins.

Tazapay has also been a partner in the Circle Payments Network since 2025. Circle CEO Jeremy Allaire noted that integrating Tazapay’s banking infrastructure and local payment rails should help drive further adoption of USDC for cross-border settlements.

Completion of the deal is subject to customary closing conditions and the receipt of required regulatory approvals, including from the Monetary Authority of Singapore. Until the deal closes, Tazapay’s services, APIs, pricing, and customer support will continue to operate without changes.

According to CoinDesk, the acquisition of Tazapay will be one of Circle’s largest publicly disclosed deals. The company has previously acquired Hashnote, Cybavo, and other infrastructure projects.

Earlier, we reported that Circle bought around 1,000 patents in the blockchain and fintech space. 

Сообщение Circle to Buy Payments Platform Tazapay for $400M появились сначала на INCRYPTED.