Showing 4089 Documents for "payment services"
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- MAS
- Notices
Last revised date:
- 3 -------- Digital payment token service Money- changing service (k) Form 6A Digital Payment Token service (monthly submission) (l) Form 6B Digital Payment Token service (semi-annual submission) (m) Form 7 Money- service Changing (annual submission)
- Higher risk customers in paragraph 1 of Form 1B refers to, in respect of customers whom the payment service provider provides a digital payment token service to, customers that are determined by the payment service provider from its implementation of appropriate internal risk
- Base capital in paragraph B (a) of Form 9 has the same meaning as in regulation 2 of the Payment Services Regulations. 2. Net head office funds in paragraph B (b) of Form 9 has the same meaning as regulation 2 of the Payment Services Regulations. 3.
- MAS
- Guidelines
Last revised date:
- DPT service providers include payment institutions, banks and other financial institutions, as well as applicants under the Payment Services Act (PS Act).
- in DPTs or a service of facilitating the exchange of DPTs is regulated under the PS Act.
- Guidelines on Provision of Digital Payment Token Services to the Public under the Payment Services Act. These guidelines set out MAS’ expectations that Digital Payment Token (“DPT”) service providers should not promote their DPT services to the general public in Singapore.
- MAS
- Consultations
Last revised date:
- This will include payment gateway services and payment kiosk services.
- providers of payment services.
- payment service providers is necessary.
- MAS
- Consultations
Last revised date:
- The Consultation Paper describes "domestic money transfer services" to include payment gateway services and payment kiosk services.
- size of the payment service provider, and therefore the class of licence the payment service provider should hold.
- Virtual currency (digital payment token) services.
- MAS
- Consultations
Last revised date:
- This consultation sets out proposed amendments to the Payment Services Regulations 2019 (PS Regs), to implement key segregation and custody requirements for digital payment token (DPT) services under the Payment Services Act 2019 (PS Act). 1.2.
- In the Consultation Paper on Proposed Regulatory Measures for Digital Payment Token Services published on 26 October 2022, MAS proposed regulatory measures for licensed and exempt payment service providers1 that carry on a business of providing a DPT service under the PS Act (collectively
- known as DPT service providers or DPTSPs). 2.2.
- MAS
- Notices
Last revised date:
- Regulations 2019; PS Act means the Payment Services Act 2019. 3 expressions used in this Notice have the same meanings as in section 2 of the PS Act.
- This Notice applies to all entities which were granted an exemption to provide specified payment services under the Payment Services (Exemption for Specified Period) Regulations 2019 (“Exemption Regulations”).
- business of providing any other payment service, has the same meaning as in paragraph 2.1 of MAS Notice PSN01; e-money account issuance service has the same meaning as in section 6(17) of the PS Act; Exemption Regulations means the Payment Services (Exemption for Specified Period)
- MAS
- Speeches
Last revised date:
- The Bill will regulate seven payment services. Providers of such payment services will be required to hold a licence under the Bill in respect of the type of payment service that is provided.
- service where each payment account stores e-money); or b.
- Domestic money transfer service Cross border money transfer service Merchant acquisition service E-money issuance service Digital payment token service Providing local funds transfer service in Singapore. This includes payment gateway services and payment kiosk services.
- MAS
- Speeches
Last revised date:
- Mitigating key risks in payment services 24 Mr.
- The Bill combines the PS(O)A and MCRBA into a single Payment Services Act. 5 The Payment Services Bill provides a forward looking and flexible framework for the regulation of payment systems and payment service providers in Singapore.
- service even where the payment service is only incidental to the person’s primary business.
- MAS
- Speeches
Last revised date:
- ; (vi) Digital payment token service; and (vii) Money-changing service. under the Payment Services Act 2019 (“PS Act”).
- Act such that a DPT service provider that provides any of the above services here will need to be licensed under the PS Act and be subject to MAS’ AML/CFT regulations.
- To align Singapore’s regime with the enhanced FATF standards applicable to DPT service providers, the Bill will expand the definition of DPT service in the PS Act to include the following services: (a) Transfer of DPTs; (b) Provision of custodian wallet services for DPTs; and (c) Facilitating
- MAS
- Consultations
Last revised date:
- PS Act.
- This consultation paper sets out proposed regulatory measures for licensees and exempt payment service providers that carry on a business of providing a digital payment token service under the Payment Services Act 2019.
- as DPT service providers or DPTSPs). 1.2.