Monetary Authority of Singapore · 2019 (rev. 2021)
Payment Services Act (PSA)
Single regulation covering payments and digital tokens (DPT). PSA covers e-wallets, remittance, merchant acquisition and crypto activities.
Scope
Who must comply
Payment service providers — DPT, e-money, money transfer, merchant acquisition
Key controls & obligations
The control catalogue
- 01Licensing tiers (Money-changing, Standard PI, Major PI)
- 02Customer due diligence (CDD)
- 03AML/CFT obligations
- 04Safeguarding of customer monies
- 05Technology risk management requirements
Educational disclaimer
RiskPedia content is for educational purposes only. Not legal or regulatory advice. Refer to the Monetary Authority of Singapore for binding text.