Please enter your username or email address. You will receive a link to create a new password via email.
GET A FREE BUSINESS VALUATION WITH IN 24 HOURS CLICK HERE X Dismiss
M&A Advisors to the Global SME Market
Countries in which we have concluded transactions
Languages spoken by our team
of total listing values
M&A Advisors to the Global SME Market
Countries in which we have concluded transactions
Languages spoken by our team
of total listing values
© 2022 MergersCorp M&A International. MergersCorp™ M&A International is the collective brand name of independent affiliates of MergersCorp M&A International. For more details on the nature of our affiliation, please visit us on our website https://www.mergerscorp.com/disclaimer. MergersCorp M&A International is not a registered broker-dealer under the U.S. securities laws. MergersCorp M&A International does not offer or sell securities or provide investment advice or underwriting services. The articles or publications contained in this website are not intended to provide specific business or investment advice. The author or MergersCorp M&A International shall not be liable for any errors or omissions, or for any loss suffered by any person or organization acting or refraining from acting as a result of the content of this website. It is recommended that specific independent advice be sought before making any business or investment decision.
Major payment institutions are licensed and regulated under the Payment Services Act (“PS Act”) to provide payment services without being subject to the specified thresholds.
The thresholds are set out in section 6(5) of the PS Act. In summary, these are:
S$3 million monthly transactions for any payment service (other than e-money account issuance and money-changing services).
S$6 million monthly transactions for two or more payment services (other than e-money account issuance and money-changing services).
S$5 million of daily outstanding e-money
Note that entities that provide only money-changing services should hold a money-changing licence instead. Entities that provide payment services under the specified thresholds should hold a standard payment institution licence.
To view the list of major payment institutions in Singapore, refer to the Financial Institutions Directory.
Year of Incorporation: 2018
Year of Licence: 2018
HQ: Singapore
Banks: Singapore & Hong Kong
Status: Active. Clean Record.
Permissions:
– Account issuance service
– Domestic money transfer service
– Cross-border money transfer service
– Merchant acquisition service
– E-money issuance service
-Digital payment token service
– Money-changing service