17 questions
Payment Service Licensing
What are the payment services regulated under the Payment Services Act (PS Act) that require a licence?
Given the increase in the number of payment firms being regulated, how does MAS regulate these firms for compliance with its regulations and requirements?
Does MAS intend to regulate loyalty programmes?
Is an electronic wallet (e-wallet) top up service considered an account issuance service?
How is electronic money (e-money) different from deposits and digital payment tokens (DPTs)?
Why is it necessary to regulate the provision of an electronic wallet (e-wallet) as a separate activity from the issuance of e-money?
Does the calculation of the SPI threshold in relation to e-money issuance include the value of e-money that has already been spent? How do I compute the daily average value of the e-money?
What are the types of payment service provider licences I can apply for?
How can I apply for a payment service provider licence?
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