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

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Source: https://www.mas.gov.sg

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 provided here is sourced from the MAS website.


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