Can an entity hold a payment service licence and operate a payment system that is designated under the PS Act at the same time?

Updated by MAS 2y ago

Yes, an entity may concurrently hold a payment service licence and operate a payment system that is designated under the PS Act.

This information is sourced from MAS.

Topics:

Payments Payment Systems

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?

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

Do existing licence holders under the Payment Systems (Oversight) Act (PS(O)A) and the Money-Changing and Remittance Businesses Act (MCRBA) have to re-apply for a payment services licence?

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