Can an entity hold a payment service licence and operate a payment system that is designated under the PS Act at the same time?
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
Related questions
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?
How can I apply for a payment service provider licence?
What are the payment services regulated under the Payment Services Act (PS Act) that require a licence?
What are the types of payment service provider licences I can apply for?
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