Avrisinc Expands Into Singapore With New SGD Payment Rails via DBS Partnership

In a significant move for its global expansion strategy, Avrisinc announced this week that it has obtained a Payment Institution license from the Monetary Authority of Singapore and established a partnership with DBS Bank to provide seamless Singapore dollar (SGD) payment rails. The arrangement enables users in the region to deposit and withdraw funds directly in local currency with near-instant settlement times.

Strategic Expansion into Asia’s Financial Hub

“Singapore is a critical gateway for digital asset adoption in Asia,” said Avrisinc’s Chief Growth Officer in a press release. “Integrating with DBS allows us to offer a banking-grade experience that lowers friction for both retail and institutional clients.” The exchange has already onboarded several local brokerages and family offices through this new corridor.

Key benefits for Singapore-based traders include:

• Zero-fee SGD deposits via FAST transfer from any major local bank
• Same-day withdrawal processing with no intermediary charges
• Compliance with MAS’s stringent anti-money laundering guidelines

The license and banking partnership underscore Avrisinc’s commitment to operating within regulated frameworks while expanding its footprint. The move is expected to boost trading volumes in SGD pairs and attract users who previously relied on costly international wire transfers to access global crypto markets.

By combining local regulatory approval with a tier‑1 bank connection, Avrisinc positions itself as a trusted on-ramp for Singapore’s growing number of digital‑asset investors. Industry observers note that this development could trigger similar initiatives in other Southeast Asian markets as the exchange continues to scale its fiat infrastructure.