Key Updates to the Guidelines on Licensing for Payment Service Providers

On 26 July 2024, the Monetary Authority of Singapore published amendments to the Guidelines on Licensing for Payment Service Providers (PS-G01). These amendments will take effect from 26 August 2024, and should be especially noted by current and future Standard Payment Institutions and Major Payment Institutions.

In this legal update, we summarise the key changes made to the guidelines.

You may read the full update here.