Circle to Acquire Tazapay in $400 Million All-Stock Payments Deal

Circle announced a deal to acquire Singapore-based cross-border payments infrastructure company Tazapay in an all-stock transaction with a base consideration of $400 million. The purchase agreement was signed on Sept. 4, according to Circle’s Form 8-K, and the number of Class A shares issued will be determined by Circle’s volume-weighted average closing price over the 20 trading days before closing. The final share count will be adjusted for Tazapay’s debt, transaction expenses and cash.

Circle said Tazapay brings more than $25 billion of annualized payment volume as of July 31, 2026, alongside over 60 banking and fintech partners and local payout rails spanning more than 100 markets. Circle’s release noted that roughly 60% of Tazapay’s transaction volume was running on stablecoins as of July 31, indicating substantial usage of digital assets in the target’s flows.

Tazapay has been a design partner for the Circle Payments Network since 2025; the acquisition would make that partner an owned business and fold its local payout infrastructure, institutional customers and banking relationships into Circle. That integration would change Circle’s role in a payments network model where participating financial institutions typically execute the conversion and settlement steps while Circle operates the network, sets rules and supplies APIs but does not directly move funds.

The transaction is expected to close in 2027, subject to customary conditions and regulatory approvals, including sign-off from the Monetary Authority of Singapore. Circle said customers of Tazapay should not expect disruptions to service, APIs, pricing or support while the deal awaits the required approvals and closing conditions.