Ripple plans to secure an Australian Financial Services Licence as it expands its payments offering in Australia and broadens its regulated presence across Asia Pacific.

The company said it would obtain the licence through the proposed acquisition of BC Payments Australia Pty Ltd, subject to completion of the standard process.

With the licence, Ripple would be able to offer a licensed end-to-end platform for moving funds globally, covering onboarding, compliance, funding, foreign exchange, liquidity management and final payout across both traditional banking rails and digital assets.

This would allow it to oversee settlement directly, connect customers with local payout partners and optimise transaction routing.

It could lead to faster settlement, greater transparency and lower counterparty risk, while giving customers a single integration without requiring them to manage multiple intermediaries or the underlying blockchain technology themselves.

Ripple’s payments volume in Asia Pacific nearly doubled year on year in 2025.

In Australia, its customers include Hai Ha Money Transfer, Novatti Group, Stables, Caleb & Brown, Flash Payments and Independent Reserve.

Ripple now holds more than 75 regulatory licences globally and is involved in regional initiatives including Project Acacia, led by the Reserve Bank of Australia and the Digital Finance Cooperative Research Centre.

Fiona Murray, Managing Director, Asia Pacific, Ripple, said,

“Australia is a key market for Ripple, and an AFSL strengthens our ability to scale Ripple Payments across the region. By leveraging blockchain technology and digital assets, we enable customers to move value globally with greater speed, transparency, and reliability. We remain focused on working closely with regulators to support the next phase of growth for digital asset infrastructure.”

Featured image: Edited by Fintech News Australia, based on image by HobieArt via Freepik