Fly Wing Technologies Pte. Ltd (“Fly Wing”) is a wholly owned subsidiary of Matrix Finance and Technologies Holding Company (“Matrixport”) and is in the process of applying for a license providing digital payment token service under the Payment Service Act.
As of today, Fly Wing is in exempted status granted by Monetary Authority of Singapore. (For more details: https://www.mas.gov.sg/regulation/payments/entities-that-have-notified-mas-pursuant-to-the-ps-esp-r).
Fly Wing will only provide services under the authorized scope of the license under the Payment Service Act upon acquiring such license, and we hereby notify the Matrixport app users that none of the products offered on Matrixport app is provided by Fly Wing. Fly Wing will be re-branded to differentiate it‘s product offering from those on the Matrixport app.
Matrixport always prioritizes and strives to meet the regulatory requirement in all jurisdictions it operates.
July 16, 2021