OPAL is not a traditional bank, we are a neobank.
OPAL is a Singapore based Fintech company and Financial Institution holding a Major Payment Institution (MPI) License issued by the Monetary Authority of Singapore (MAS). OPAL is regulated by the MAS and is operating in accordance to the Singapore’s Payment Services Act 2019. We are recognized with similar equivalence to a bank for all payment purposes, and based in Singapore with easy access to/from most jurisdictions.
OPAL is the trading name of Opal Fintech Pte Ltd (UEN No. 201929437M), a company incorporated in Singapore with a registered address at 190 Clemenceau Avenue, #06-11, Singapore 239924, which holds an MPI License (No. PS20200221) issued by the MAS for the provision of cross border money transfer services.