Ripple is planning to expand its business in Australia by acquiring a company that already holds an Australian Financial Services Licence (AFSL).
The company announced that it intends to buy BC Payments Australia Pty Ltd. If the deal is completed, Ripple will be able to offer its full payments service in Australia, including compliance, foreign exchange, liquidity management and payment settlement through one platform.
Ripple Payments is already used by several companies in Australia. These include Hai Ha Money Transfer, Stables, Caleb & Brown, Flash Payments and Independent Reserve.
Ripple says Australia is an important market for its global expansion. Fiona Murray, Ripple’s managing director for Asia-Pacific, said that obtaining the licence will help the company grow its payments network across the region.
The company also reported strong growth in the Asia-Pacific market. According to Ripple, its payments volume in the region almost doubled in 2025 compared with the previous year, although exact figures were not revealed.
This growth comes as Ripple continues to expand its global services. Recently, the company said its network has processed more than $100 billion in total transactions. It has also introduced new services such as managed custody, virtual account collections and stablecoin settlement across more than 60 markets.
Ripple is also taking part in Project Acacia, an initiative led by the Reserve Bank of Australia and the Digital Finance Cooperative Research Centre. The project aims to explore infrastructure for digital assets.
Instead of applying directly for a new licence, Ripple is acquiring a company that already has one. This approach could allow the company to enter the market faster once the deal is finalised.
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