Singapore: Licensing requirement for payment service providers in Payment Services Act (PS Act)
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Timeline of events
Implemented Payment Services Act (PS Act) including licensing requirement for payment service providers
On 30 June 2022, all the Payment Services Act (PS Act) sections entered into force. The Act regulates seven payment activities, including account issuance services, domestic money transfer services, cross-border money transfer services, merchant acq…
SourceAdopted Payment Services Act (PS Act) including licensing requirement for payment service providers
On 14 January 2019, the Payment Services Act (PS Act) was adopted by the Singaporean Parliament. The Act regulates seven payment activities, including account issuance services, domestic money transfer services, cross-border money transfer services,…
SourceIntroduced Payment Services Act (PS Act) including licensing requirement for payment service providers
On 19 November 2018, the Payment Services Act (PS Act) was introduced to the Singapore Parliament. The Act would regulate seven payment activities, including account issuance services, domestic money transfer services, cross-border money transfer se…
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