in
What are the payment services regulated under the Payment Services Act (PS Act) that require a licence?
mas
Source: https://www.mas.gov.sgMAS regulates 7 types of payment services under the PS Act.
Payment service providers must hold a licence to provide these payment services in Singapore:
Payment service providers must hold a licence to provide these payment services in Singapore:
- Account issuance service.
- Domestic money transfer service.
- Cross-border money transfer service.
- Merchant acquisition service.
- Digital payment token service.
- E-money issuance.
- Money-changing service.
Find out about what each of these payment services entail.
This information provided here is sourced from the MAS website.
Let other citizens know if this answer was helpful
Did this answer your question?Related Questions
What are the types of payment service provider licences I can apply for?
from MASCan foreign companies apply for a licence and are the requirements the same as those for local companies?
from MASAre all services relating to payments regulated under the PS Act? If not, then why not? What are some of the services relating to payments that are not regulated as payment services under the PS Act?
from MASHow will the public know which payment firms are licensees under the Payment Services Act (PS Act)?
from MAS
Can’t find what you’re looking for?