Crypto Wallet BasedApp to End Visa Card Services in Singapore
Crypto wallet provider BasedApp has discontinued its Visa Card product and related services in Singapore.
The decision follows the withdrawal of its license application under the Payment Services Act before the Monetary Authority of Singapore.
The company had been operating the card under a transitional licensing exemption and said it will now focus on its self-custodial wallet and expansion outside Singapore.
New applications have stopped, and all cards will be closed by 15 November 2025, after which they can no longer be used for payments.
Users have 90 days from the date of the notice to withdraw their funds and must do so by 30 November 2025.
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