Showing 4089 Documents for "payment services"
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- MAS
- Monographs/Information Papers
Last revised date:
- MAS and The Association of Banks in Singapore (ABS) jointly announced that the consortium which they are leading had successfully developed software prototype of three different models for decentralised inter-bank payment and settlements with liquidity savings mechanisms. This report focus on the experiment done to solve the key challenges identified around the need for transactional privacy, and deterministic finality , and most critically, the ability to perform multilateral netting capabilities
- MAS
- Forms and Templates
Last revised date:
- Payment service providers are required to submit information under section 16(1) of the Payment Services Act 2019 using the format below.
- service digital payment token service money-changing service 2
- PAYMENT SERVICES ACT 2019 (ACT 2 OF 2019) FORM 10 INFORMATION TO BE SUBMITTED BY A LICENSED PAYMENT SERVICE PROVIDER UNDER SECTION 16(1) OF THE PAYMENT SERVICES ACT 2019 Explanatory Notes 1. Please read these explanatory notes carefully before completing the form. 2.
- MAS
- Forms and Templates
Last revised date:
- Payment service providers are required to submit information under section 16(1) of the Payment Services Act 2019 using the format below.
- service digital payment token service money-changing service 2
- PAYMENT SERVICES ACT 2019 (ACT 2 OF 2019) FORM 10 INFORMATION TO BE SUBMITTED BY A LICENSED PAYMENT SERVICE PROVIDER UNDER SECTION 16(1) OF THE PAYMENT SERVICES ACT 2019 Explanatory Notes 1. Please read these explanatory notes carefully before completing the form. 2.
- MAS
- Monographs/Information Papers
Last revised date:
- With central banks, commercial banks and payment service providers globally exploring different CBDCs, tokenised bank liabilities and stablecoin designs, it is envisioned that the future financial landscape will be even more diverse.
- The holder of the voucher can present it to participating merchants in exchange for goods or services (a programmable payment feature). In some instances, the terms of the voucher scheme allow it to be transferrable between people (a programmable money feature).
- This is aimed at improving financial inclusion and enabling people to participate without requiring access to smartphones or digital payment services. At present, fund transfers can be performed using mobile numbers as a proxy for bank account numbers.
- MAS
- Forms and Templates
Last revised date:
- OR DIRECTOR OF AN OPERATOR OF A DESIGNATED PAYMENT SYSTEM UNDER SECTION 65(2) OF THE PAYMENT SERVICES ACT READ WITH REGULATION 24 OF THE PAYMENT SERVICES REGULATIONS _______________________________________ (Full name of applicant as per ACRAs record) Explanatory Notes 1.
- Resources Form 6 - Application for Approval of CEO or Director of An Operator of a Designated Payment System (Declaration in fillable format) (162.6 KB) PAYMENT SERVICES ACT 2019 (ACT 2 OF 2019) PAYMENT SERVICES REGULATIONS FORM 6 APPLICATION FOR APPROVAL OF CHIEF EXECUTIVE OFFICER
- All terms used in this form shall, except where expressly defined in this form or where the context otherwise requires, have the same meaning as defined in the PS Act or the Payment Services Regulations (PSR). 7. All fields marked with an asterisk (*) are mandatory fields.
- MAS
- Consultations
Last revised date:
- This consultation paper seeks to: i. clarify and refine the tier structure requirements ii. consolidate and effect the tier structure requirements under the Financial Advisers Act (Cap. 110) iii. introduce restrictions on the direct payment of remuneration to, and acceptance of remuneration by, representatives and/or supervisors of other FA firms Consultation Paper VIEW DOCUMENT Consultation Paper on Proposals to Refine the Tier Structure Requirements and to Introduce New Requirements Relating
- MAS
- Consultations
Last revised date:
- Two respondents requested for a longer transition period for payment services 2.5 firms to adopt the Guidelines, in view of the upcoming PS Act. MAS Response 2.6 RFMCs and payment services firms will be included in scope.
- As the PS Act has taken effect on 28 January 2020, payment services firms will be granted the same 12 months transition period provided to all FIs to adopt the Guidelines.
- On the other hand, another respondent said RFMCs should be expected to adopt the Guidelines as it would enable them to work towards the five accountability and conduct Outcomes. 2.3 Four respondents suggested that firms which provide payment services under the Payment Services (PS) Act
- MAS
- Monographs/Information Papers
Last revised date:
- MAS and Singapore Exchange (SGX) announced that it is collaborating to develop Delivery versus Payment (DvP) capabilities for settlement of tokenised assets across different blockchain platform. This will allow financial institutions and corporate investors to carry out simultaneous exchange and final settlement of tokenised digital currencies and securities assets, improving operational efficiency and reducing settlement risks. Three companies, Anquan, Deloitte and Nasdaq were appointed as technology
- MAS
- Forms and Templates
Last revised date:
- An entity which intends to apply for approval of a chief executive officer, director or partner under section 34(1) of Payment Services Act 2019 (PS Act) must submit an application in Form 3. 6.
- A LICENSED PAYMENT SERVICE PROVIDER UNDER SECTION 28(1) OF THE PAYMENT SERVICES ACT 2019 _______________________________________ (Full name of licensee as per ACRAs record) Explanatory Notes 1.
- . ___ Form for entities to apply for the approval of 20% controllers of a payment service provider under the Payment Services Act 2019. Submissions must be made via the online form here . Please note that a CorpPass ID is required.
- MAS
- Speeches
Last revised date:
- Under these new licences, payment banks will offer last mile connectivity through mobile phones, offering small savings account, easy payment and remittances services – all of which will empower SMEs.
- We are also streamlining our regulatory treatment of payments services and remittance services. The current regulatory model takes an entity-based approach. So there are separate regulations for payment systems and stored value facilities, and for remittance businesses.