Ripple is planning to obtain a financial services license to operate in Australia by acquiring BC Payments Australia Pty Ltd. The acquisition is subject to the completion of standard transaction processes.
Once the deal is finalized, Ripple will secure an Australian Financial Services License (AFSL), enabling it to legally offer regulated financial services within Australia.
Fiona Murray, Ripple's Managing Director for Asia Pacific, emphasized the importance of compliance in the company's global strategy. She stated that regulatory approval is crucial for Ripple to provide compliant financial services worldwide, viewing Australia as a significant market within the region.
The anticipated license will further enhance Ripple's payment infrastructure in Australia. This includes customer onboarding, compliance checks, fund processing, foreign exchange, liquidity management, and final payment settlement. Notably, the platform is capable of integrating traditional banking systems with digital asset infrastructure.
With the license in hand, Ripple will be able to directly manage settlement processes and connect clients with local payment partners within its payment network.
Ripple indicated that this integrated model allows institutional clients to operate within a single system, eliminating the need to manage multiple intermediaries or navigate complex blockchain processes independently.
Ripple has demonstrated strong business activity in the Asia Pacific region, nearly doubling its payment transaction volume in 2025. Currently, several Australian financial companies, including Hai Ha Money Transfer, Novatti Group, Stables, Caleb & Brown, Flash Payments, and Independent Reserve, are already utilizing Ripple's payment infrastructure.
Furthermore, Ripple is actively involved in Australia's policy-making landscape. The company participated in the Acacia project, led jointly by the Reserve Bank of Australia and the Digital Finance Cooperative Research Centre.