This consultation paper seeks views on IMDA’s and MAS’ proposals to:
(i) introduce a set of guidelines to set out MAS’ expectations on all Relevant Merchant Acquirers through their participation in the Singapore Quick Response Code Scheme (“SGQR”);
(ii) introduce a fee structure model for SGQR Members; and
(iii) conduct regular batched onboarding exercises for merchant acquirers who wish to join SGQR.