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Parliament tables Bill on rules for payment services to promote innovation while mitigating risk

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PAYMENT services firms in Singapore may soon be required to apply for a Major Payment Institution (MPI) licence if any licensable activity they conduct crosses S$3 million a month or if two or more of their activities (excluding e-wallets) collectively average over S$6 million a month. Read more at The Business Times.

 

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E-wallet, crypto players show support for Payment Services BillE-WALLET and cryptocurrency players welcomed - with some degree of reservation - the new regulatory framework for payment services that was unveiled on Monday. Read more at The Business Times.
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