Ripple moves to acquire BC Payments for Australian license, aims for April approval to boost APAC cross-border payments
Ripple has moved to secure an Australian Financial Services License (AFSL) by announcing the planned acquisition of BC Payments Australia Pty Ltd, saying the purchase would be the route to obtaining the AFSL and allow it to operate services and integrate its infrastructure into Australia’s financial system [1][2].
Company executives have set an internal target for regulatory approval as soon as April, with Ripple APAC managing director Fiona Murray citing sufficient institutional demand in Australia to justify the acquisition costs [3][1].
Ripple and industry observers say the BC Payments acquisition could improve cross‑border payment efficiency and help the firm meet local regulatory requirements, accelerating its expansion across the APAC region if the AFSL is granted [4][2].
Next steps hinge on finalizing the BC Payments deal and securing regulator approval for the AFSL; Ripple’s stated timeline targets April for obtaining the license [2][3].
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Citations
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- 1Ripple Seeks Australian Financial License to 'Scale' Payments Across the RegionDecrypt• Mar 11, 2026
- 2Ripple targets Australian financial services license with latest acquisitioncrypto.news• Mar 11, 2026
- 3Ripple targets April for Australian financial license via acquisitionCointelegraph• Mar 11, 2026
- 4Ripple to acquire BC Payments to accelerate growth in APAC regionCrypto Briefing• Mar 11, 2026
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