Showing 4089 Documents for "payment services"
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- MAS
- Guidelines
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- Guidelines on procedures to apply for a Capital Markets Services or Financial Advisory licence, appoint representatives and pay fees. These guidelines apply to: a) Persons applying for a capital markets services’ (CMS) licence. b) Person applying for a financial adviser’s (FA) licence. c) Capital markets services licensee. d) Licensed financial advisers. e) Appointed, provisional or temporary representatives. They set out the administrative procedures in respect of applications for (i) CMS or FA
- MAS
- Notices
Last revised date:
- services licence under the PS Act, or equivalent licences).
- Act; [MAS Notice 626A (Amendment) 2022] digital payment token service has the same meaning as defined in section 2(1) of the PS Act; [MAS Notice 626A (Amendment) 2022] digital payment token transfer service means the service of accepting digital payment token from one digital
- [MAS Notice 626A (Amendment) 2022] SFA means the Securities and Futures Act 2001; specified payment service means any of the following service: [MAS Notice 626A (Amendment) 2022] a digital payment token service; a digital payment token transfer service; a custodian wallet service;
- MAS
- Speeches
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- Banks are facing increasing competition from online and non-financial players that have leveraged their large user base to provide digital wallets, payments and remittance services. 24.
- MAS
- Forms and Templates
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- Payment service provider Fill the following fields for each payment service provider. No.
- An applicant which intends to apply for the approval of 20% controllers under section 28(1) of the Payment Services Act 2019 (PS Act) must submit an application in 7.
- OF CHIEF EXECUTIVE OFFICER, DIRECTOR OR PARTNER OF A LICENSED PAYMENT SERVICE PROVIDER UNDER SECTION 34(1) OF THE PAYMENT SERVICES ACT 2019 READ WITH REGULATION 19 OF THE PAYMENT SERVICES REGULATIONS 2019 Explanatory Notes (Full name of applicant as per ACRAs record) 1.
- MAS
- Speeches
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- MAS will streamline the licensing of payments services under a single, activity-based modular framework.
- MAS
- Consultations
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- In the 1970s, a study by the central bank criticised the provision of payment services for free, and suggested for payment instruments to be priced, especially for costly ones (e.g. cheques).
- The Payments Council comprises leaders from banks, payment service providers, businesses, and trade associations. 3 (i) (ii) -------- Should you encounter any technical difficulties in your submission, you may to feedback your template at Annex C comments using the 1.5
- MAS
- Speeches
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- It took some time to ensure that they are inter-operable, which all banks can plug into to provide their e-payment services and compete against one another. 29 This will avoid the situation where a single commercial player dominates the market and shuts others out.
- But Singapore has embarked on the e-payment journey for many years now, in keeping with technological advancements and changing consumer and business needs, thanks to the collaborative and innovative efforts of our banking industry, payment service providers, and the regulator.
- The Silver Infocomm Initiative offers customised training programmes, and the SkillsFuture for Digital Workplace equips Singaporeans with basic digital skills required at the workplace and in their daily lives. 55 Finally, MAS will be introducing a new Payment Services Bill later this year, to enhance
- MAS
- Consultations
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- International Interchange (Local presented foreign) International Interchange (Foreign presented local) SA5.2 SELF-SERVICE KIOSK INTERCHANGE ACQUIRER Reporting entity System Value Local Interchange Self-service kiosk payment instrument acquirer.
- MAS
- Speeches
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- Today, online payment services have made it possible for people and businesses to transfer funds safely at very low cost. This has not only allowed e-commerce to flourish, but also enabled faster and more efficient cross-border financial services, like lending and borrowing.
- Payment services are increasingly being enabled by mobile applications and near-field communications (NFC). Gone are the days of the clunky cash register. Today, accepting payments can be as simple as attaching a small dongle, no bigger than a matchbox, to a tablet or smartphone.
- Let me cite six technologies that appear potentially transformative: digital and mobile payments authentication and biometrics block chains and distributed ledgers cloud computing big data learning machines First, mobile and digital payments .
- MAS
- Consultations
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- On 13 February 2018, MAS proposed measures to protect funds belonging to account users and merchants in the Payment Services Bill.
- FIs merely provide payment facilitation services and are not responsible for the selection of merchant or goods purchased.
- Arising from this review, MAS consulted twice on the proposed activity-based Payment Services Bill (the Bill) in August 2016 and November 20171. 1.2 As part of the payment services regulatory review, one key recommendation to encourage the use of e-payments was to enhance consumer or account