Showing 4089 Documents for "payment services"

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    • MAS
    • Consultations

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    • Response VIEW DOCUMENT Response to Feedback: Proposed Amendments to the Definition of Carrying on Insurance Business (15.8 KB) Consultation Paper VIEW DOCUMENT Proposed Amendments to the Definition of Carrying on Insurance Business (53.3 KB) RESPONSE TO FEEBBACK RECEIVED CONSULTATION PAPER ON THE PROPOSED AMENDMENTS TO THE INSURANCE ACT ON THE DEFINITION OF CARRYING ON AND SOLICITATION OF INSURANCE BUSINESS 1 Introduction 1.1 On 11 May 2009, MAS issued a consultation
    • MAS
    • Media Releases

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    • Singapore, 29 October 2021… The Monetary Authority of Singapore (MAS) announced today the finalists for the Global FinTech Hackcelerator, as well as the Singapore FinTech Festival (SFF) Global FinTech Awards. These Awards are among the key highlights of SFF 2021, which will take place from 8 to 12 November 2021. Global FinTech Hackcelerator 2021 2 The theme for this year’s Global FinTech Hackcelerator is “Harnessing Technology to Power Green Finance”. The 20 finalists, comprising FinTech firms and
    • MAS
    • Notices

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    • Notice issued under the Payment Services Act 2019 that set out requirements on technology risk management.
    • Instructions on Incident Notification and Reporting to MAS Incident Reporting Template MAS Notice No.: PSN05 Notice to operators and settlement institutions of designated payment systems Payment Services Act 2019 (Act 2 of 2019) Issue Date: 5 December 2019 NOTICE ON TECHNOLOGY RISK MANAGEMENT
    • Introduction This Notice is issued pursuant to section 102(1) of the Payment Services Act 1. 2019 (the Act) and applies to all operators and settlement institutions of designated payment systems (each a relevant entity).
    • MAS
    • Speeches

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    • If the process of authenticating yourself is easy and secure, you are more likely to begin using and continue using additive financial services. Payments is the most basic financial service.
    • MAS
    • Consultations

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    • Act); (xxii) Any operator of a designated payment system under the Payment Services Act (xxiii) Any settlement institution of a designated payment system under the PS Act; 10 Exempt benchmark submitters should refer to their existing regulatory status or licence with MAS (e.g. as a bank,
    • Monetary Authority of Singapore 7 -------- CONSULTATION PAPER ON PROPOSALS TO MANDATE REFERENCE CHECKS 14 May 2021 (xxiv) Any holder of a standard payment institution licence under the PS Act; (xxv) Any holder of a major payment institution licence under the PS Act; and (xxvi
    • xviii) The Depository under the SFA; (xix) Any approved holding company under the SFA; (xx) Any authorised benchmark administrator or exempt benchmark administrator under the SFA; (xxi) Any authorised benchmark submitter or designated benchmark submitter under the SFA10; 2019 (PS
    • MAS
    • Circulars

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    • Provides information on the scope of RMB business that banks and merchant banks can conduct in Singapore. View Annex A (117.6 KB) 22 Oct 2013 FSG Circular No. BD 04/2013 dated 23 May 2013 (131.7 KB) [Cancelled] FSG Circular No. BD 08/2013 22 October 2013 The Chief Executive Officers of All Banks The Chief Executive Officers of All Merchant Banks Dear Sir / Madam CONDUCT OF RENMINBI (RMB) BUSINESS IN SINGAPORE This circular replaces FSG Circular No. BD 04/2013 issued
    • MAS
    • Macroeconomic Reviews

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    • Credit card network services was a source of strong growth in financial services. Demand for payment- network services remained healthy, alongside a steady expansion in e-commerce activities, and the ongoing shift towards cashless payments.
    • MAS
    • Parliamentary Replies

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    • The specific measures that payment service providers must put in place depend on the risks associated with different e-payment modes, and they include: a.
    • MAS
    • Speeches

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    • Mr Peter Seah, Chairman, DBS Group Holdings, Mr Piyush Gupta, CEO, DBS Group Holdings, Ladies and Gentlemen, Introduction 1.     Good morning to everyone. Thank you for inviting me to join you today. My heartiest congratulations to DBS on your 50th anniversary and for being the only Asian bank to win two awards on this very special occasion – the best digital bank and the best SME bank. This is something which I think all DBS staff would be very proud of and all of us are very proud of. 2.     In
    • MAS
    • Media Releases

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    • NETS-DuitNow QR is now connected: Travellers can scan merchant QR codes to make payments between Singapore and Malaysia Person-to-person (P2P) fund transfers will be ready by year-end Singapore/Malaysia, 31 March 2023…  The Monetary Authority of Singapore (MAS) and Bank Negara Malaysia (BNM) today launched a cross-border QR code payment linkage between Singapore and Malaysia. This payment linkage will allow customers of participating financial institutions Participants from Singapore are DBS Bank