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Payment license in Singapore

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  • Author
    Posts
  • #32373079
    DavidHarvey21
    Participant

    Hello. Who knows how to get a standard payment license in Singapore?

    #32373095
    bernardharrison23
    Participant

    The Payment Services Act (PSA) provides for the licensing and regulation of payment service providers and the oversight of payment systems in Singapore.

    Except for sections 113 and 114, which relate to the related amendments of some statutes, the Payment Services Act has fully come into operation as of 31 May 2021.

    Fintech (i.e. financial technology) businesses should be clear about their payment services obligations under the PSA, and check that they comply with it.

    #32373113
    mitchham94
    Participant

    Hi. I know that there will be requirements for the place of registration and the office of the company. Most often, a legal entity must be registered in the jurisdiction whose license they want to obtain. The same applies to the physical address of the office. Therefore, I asked for help in obtaining a UK payment license, so that everything went quickly and efficiently.

Viewing 3 posts - 1 through 3 (of 3 total)
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