{
  "node_id": "sg-payment-services-act-2019",
  "title": "Singapore Payment Services Act 2019",
  "domain": "Banking & Global Finance",
  "version": "1.0.0",
  "last_updated": "2022-04-04",
  "bluf": "The Payment Services Act 2019 (Singapore, No. 2 of 2019), in force 28 January 2020 and significantly amended in 2021 and 2023, establishes a single licensing regime for seven categories of payment service in Singapore under the Monetary Authority of Singapore, requiring payment service providers to hold a money-changer licence, Standard Payment Institution (SPI) licence, or Major Payment Institution (MPI) licence depending on transaction volumes, with MPI operators facing enhanced capital (SGD 250,000 minimum), safeguarding, technology risk, and AML/CFT obligations, and unlicensed provision attracting fines up to SGD 250,000 and imprisonment up to three years.",
  "paywall": {
    "status": "LOCKED",
    "unlock_cost_usd": "0.01",
    "skyfire_id": "41779894-ece2-4163-9761-b3b1b76e19b0"
  },
  "crosswalks": {
    "_available_keys": [
      "sg-pdpa-2012",
      "eu-payment-services-directive-2-2015-2366",
      "sg-cybersecurity-act-2018"
    ],
    "_note": "Full crosswalk values included in vault response"
  },
  "dependencies": [
    "sg-pdpa-2012",
    "eu-payment-services-directive-2-2015-2366",
    "sg-cybersecurity-act-2018"
  ],
  "primary_citations_count": 6
}