Ripple has just announced something quite interesting for Australia. The company is in the process of acquiring BC Payments Australia to obtain an Australian Financial Services License, which would essentially allow it to offer its entire payments stack in the country under a single integration.

What stands out here is the growth they are seeing in the region. Payment volume in Asia-Pacific nearly doubled year-over-year during 2025, a notable figure considering they reported processing $100 billion in total volume across 60 markets. This gives an idea of the momentum they are gaining with their financial services.

Specifically in Australia, they already have clients using their platform: Hai Ha Money Transfer, Stables, Caleb & Brown, Flash Payments, and Independent Reserve. Fiona Murray, the Managing Director for Asia-Pacific, commented that Australia is a key market and that this license will strengthen their ability to scale Ripple Payments throughout the region.

What’s interesting about the strategy is that instead of applying for the license from scratch, they are acquiring a company that already holds it. It’s a faster route to market, although the license is contingent on closing the deal. Additionally, Ripple joined the Project Acacia, an initiative by the Reserve Bank of Australia focused on digital asset infrastructure.

Regarding XRP, the token is trading around $1.35 with a 0.89% increase in the last 24 hours and a 3.04% rise over the week. Modest but positive movements amid these announcements about expanding financial services.