Regulations for activities relating to E-money

What regulations are typically associated with e-money transfers?


The Payment Services Act.


According to MAS (FAQs)
last revised on 11 May 2020

"Domestic money transfer service [is a] new payment service [...] regulated under the PS Act." And "Remittance businesses are captured within the scope of cross-border money transfer service" also regulated under the PS Act.


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