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🇸🇬 Singapore analogue

MAS, PSA digital payment token licence

Crypto (CASP / VASP) E-money (EMI)
Last verified 2026-08-15 Next review 2026-08-29

Data verified: oldest cell 47 days ago (verified 2026-07-02). Individual cells show their own verification date below.

Capital requirement Capital requirement is included with access. Included with access Timeline to authorisation Timeline to authorisation is included with access. Included with access Application cost Application cost is included with access. Included with access Passporting Passporting is included with access. Included with access

Licence type

No EMI. Major Payment Institution (MPI) licence under the Payment Services Act, covering e-money issuance and account issuance. Standard PI for smaller volumes.

Verified 3 days agoSource: Current national regulator authorisation material: https://www.mas.gov.sg/regulation/payments/licensing-for-payment-service-providers

Regulator

Monetary Authority of Singapore (MAS).

Verified 3 days agoSource: Current national regulator authorisation material: https://www.mas.gov.sg/regulation/payments/licensing-for-payment-service-providers

Recent changes

Continuing MAS refinements to the PSA.

Verified 7 weeks agoSource: MAS

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