Payment Services Act
The Payment Services Act 2019 ("PS Act") provides for the licensing and regulation of payment service providers and the oversight of payment systems in Singapore. The PS Act has commenced on 28 January 2020 and was amended on 4 April 2024.
Licensing for Payment Service Providers
Learn about types of payment services, finding the right payment licence for your business and how to apply.
Clearing and Settlement Systems
Payment system may be designated under the Payment Services Act ("PS Act") for closer supervision if they play a critical role in the safety and efficiency of the financial system.
Regulations and Guidance
The MAS Act confers on MAS powers to issue legal instruments for regulating and supervising financial institutions. Learn more about the regulatory framework.
Directories and Listing
Payment service providers operating in Singapore are regulated under the PS Act, unless exempted:
- under specific conditions set out in the PS Act (for example, if their payment services fall under those listed in Part 2, First Schedule of the PS Act);
- for specific payment services for a specified period under the Payment Services (Exemption for Specified Period) Regulations 2019 ("Exemption Regulations") ; or
- for specific payment services under specific conditions set out in the Payment Services (Amendment) Act 2021 (Saving and Transitional Provisions) Regulations 2024 (“Transitional Regulations 2024”).
Financial Institutions Directory
View the list of licensed payment service providers in Singapore.
Entities temporarily exempted under the Exemption Regulations
View the list of entities temporarily exempted under Exemption Regulations.
Entities no longer exempt under the Exemption Regulations
View the list of entities that were previously granted an exemption but are currently no longer exempt under the Exemption Regulations.
Entities temporarily exempted under the Transitional Regulations 2024
View the list of entities temporarily exempted under the Transitional Regulations 2024.
Entities no longer exempt under the Transitional Regulations 2024
View the list of entities that were previously granted an exemption but are currently no longer exempt under the Transitional Regulations 2024.
Investor Alert List
View the list of persons who, based on information available to MAS, may be or may have been wrongly perceived as being licensed or in any other way authorised or regulated by MAS.
Credit Bureau Act
Credit bureaus are regulated under the Credit Bureau Act 2016 (“CBA”). Licensed credit bureaus collect, use and disclose information relevant to the assessment of credit worthiness of borrowers from banks and other financial institutions which are their members.
Resources
Repealed regulations with the commencement of the Payment Services Act - Access the repealed documents under the Money-changing and Remittance Businesses Act and Payment Systems (Oversight) Act
FAQs on the Payment Services Act - Access the FAQs on the Payment Services Act