Back
Ripple to Acquire BC Payments Australia for Australian Financial Services License

Ripple to Acquire BC Payments Australia for Australian Financial Services License

According to Ripple’s official statement, the planned BC Payments Australia acquisition would expand its regulated payments offering in Australia as the company reports stronger Asia-Pacific volume growth and joins a central bank-linked digital asset initiative.

Fact Check
The claim is supported by multiple independent financial news reports published on the same day as the announcement (March 11, 2026). These reports provide specific details, including the name of the target company (BC Payments Australia), the regulatory goal (AFSL), and quotes from Ripple's regional leadership (Fiona Murray). The consistency across sources like CFOtech Australia and Cointelegraph confirms the validity of the statement.
    Reference: 123
Summary

Ripple said in an official announcement that it plans to acquire BC Payments Australia Pty Ltd to secure an Australian Financial Services License, a move that would let it offer its full payments stack in Australia through a single integration. The company said the platform would cover onboarding, compliance, funding, foreign exchange, liquidity management, and payout. Ripple also stated that its Asia-Pacific payments volume nearly doubled year over year in 2025 and referenced $100 billion in total processed volume across 60 markets. In addition, Ripple said it is participating in Project Acacia, a digital asset infrastructure initiative led by the Reserve Bank of Australia and the Digital Finance Cooperative Research Centre.

Terms & Concepts
  • Australian Financial Services License: A regulatory license required to provide certain financial services in Australia under the country’s financial services framework.
  • Project Acacia: A digital asset infrastructure initiative led by the Reserve Bank of Australia and the Digital Finance Cooperative Research Centre.
  • foreign exchange: The conversion of one currency into another, a core function in international and cross-border payment services.