Payment services: Merchant acquisition

Must merchant acquirers issue receipts for transactions?


Yes.
According to MAS (Notices)
last revised on 05 December 2019

Licensees of merchant acquisition services "must issue a receipt... for every transaction it accepts, processes or executes to a customer— (a) where the customer is an individual or sole-proprietor; and (b) in all other cases, where the customer requests a receipt."


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