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."