In Singapore, payment systems and service providers are governed by the Payment Services Act ("PS Act"), which was first put into effect in 2019. Businesses like Qashier that had already begun operations before the Act's enactment had to apply for an official license in order to continue doing business under the exempted framework.

For a limited time, Qashier was granted an exemption from the PS Act, allowing it to offer services such as inward cross-border money transfers, merchant acquisitions, and domestic money transfers, thereby streamlining transactions throughout Southeast Asia from 2019 to 2024.

"We are incredibly grateful and honored that MAS has granted our license application in-principle approval. Christopher Choo, co-founder and CEO of Qashier, stated, "We aim to set the standard for our industry while also providing safer and faster domestic and cross-border payments for businesses in Singapore and the region." "Qashier is excited to gradually roll out a range of omnichannel product and service offerings that will help Singaporean eateries and merchants operate, transact, and expand throughout Southeast Asia."

With its integrated hardware and cloud-based software solution that streamlines business processes, Qashier has enabled over 6,000 enterprises in Southeast Asia since its founding in 2019 and handled over US$1 billion worth of transactions.

With four locations currently located in Southeast Asia—Malaysia, the Philippines, Singapore, and Thailand—Qashier is still expanding. In order to provide businesses in the area and beyond with more inventive solutions, the company intends to keep funding research and development.