What are the types of payment service provider licences I can apply for?

Updated by MAS 1y ago

There are 3 types of licences that payment service providers can apply to provide payment services regulated under the Payment Services Act (PS Act):

Major payment institution licence.
Standard payment institution licence.
Money-changing licence.

Find out more about each licence's fees, and eligibility and assessment criteria.

This information is sourced from MAS.

Topics:

Payments Payment Service Licensing

Related questions

What are the payment services regulated under the Payment Services Act (PS Act) that require a licence?

How can I apply for a payment service provider licence?

Can foreign companies apply for a licence and are the requirements the same as those for local companies?

What should licensees do if they wish to change their licence type, or add or remove payment services in relation to their business?

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