Blockchain-based payment company Ripple has announced it aims to obtain a financial services license in Australia to accelerate its growth in the Asia-Pacific (APAC) region.
The company plans to obtain an Australian Financial Services License (AFSL) by acquiring BC Payments Australia Pty Ltd.
According to the announcement, if the acquisition, which is not yet finalized, goes through, Ripple will be able to offer its entire Ripple Payments infrastructure in Australia. This would allow the company to provide services such as customer onboarding, compliance, funding, currency trading, liquidity management, and payment distribution through a single integration.
Companies currently using Ripple Payments in Australia include Hai Ha Money Transfer, Stables, Caleb & Brown, Flash Payments, and Independent Reserve. Fiona Murray, Ripple’s General Manager for Asia-Pacific, stated that Australia is a strategic market for the company and that the AFSL license will help scale Ripple Payments services in the region.
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According to data released by the company, payment volume in the APAC region nearly doubled annually in 2025. While Ripple didn’t share exact figures, it noted that this growth coincided with its total transaction volume reaching $100 billion, announced last week. The company also announced that it has launched managed custody, virtual account collections, and stablecoin settlement services in 60 different markets.
Ripple is also participating in Project Acacia, an initiative run by the Reserve Bank of Australia and the Digital Finance Cooperative Research Centre.
Fiona Murray stated that licensing is a fundamental part of Ripple’s global strategy, saying, “Through blockchain technology and digital assets, we enable our customers to transfer value faster, more transparently, and more reliably globally. We are focused on supporting the next phase of digital asset infrastructure growth by working closely with regulators.”
*This is not investment advice.
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