Regulations for all Payment Services Providers

What are the types of services not regulated as payment services under the Payment Services Act?


  • There are some services which are not regulated as payment services under the Payment Services Act. Some examples include:

    1. Service providers that process only data (e.g. payment instructions) and not money;
    2. Providers of payment instrument aggregation services and data communications platforms;
    3. Any payment service that is provided by any person in respect of any limited purpose e-money;
    4. Any services of dealing in, or facilitating the exchange of, any limited purpose DPTs;
    5. Any payment service solely incidental to or necessary for regulated activities carried out by a regulated financial services company.