Entities that are no longer exempt pursuant to the Payment Services (Amendment) Act 2021 (Saving and Transitional Provisions) Regulations 2024 (“Transitional Regulations 2024”)

The following entities were previously granted an exemption from holding a licence under the Payment Services Act ("PS Act") for the previously unregulated payment services for a specified period, but are currently no longer exempt, and are not permitted to conduct the specific payment services under the PS Act.

Please refer to the Financial Institutions Directory for the full list of entities that are licensed by MAS, or approach the entity for more information on their exemption status.

 

Payment services caught under the expanded scope of regulated activities
Providing domestic money transfer service caught under the expanded scope of regulated activities Providing cross-border money transfer service caught under the expanded scope of regulated activities

Providing digital payment token service caught under the expanded scope of regulated activities

 AEGIS CUSTODY PTE. LTD.      X 
ALETA PLANET MES PTE LTD      X
AMPLE TRANSFERS PTE. LTD.       X 
 ANSWER ELEVEN PTE LTD     X 
ANTALPHA TECHNOLOGIES PTE. LTD.       X 
BLACKBIRD RESEARCH PTE. LTD.      X
  CAKE PTE. LTD.     X 
CEFFU SG PTE. LTD.     X 
CHAINUP CRYPTSAFE PTE. LTD.       X 
CLDN SG PTE LTD (fka Alphalab Capital Pte Ltd)      X 
COBO SINGAPORE PTE. LTD.     X 
 CYBAVO PTE. LTD.     X 
  FALCONX FOXTROT PTE. LTD.     X 
FINMO TECH PTE. LTD.       X 
 FORIS DAX SG PTE. LTD.     X
 GOLDNEST PTE LTD     X
 GPAY NETWORK (S) PTE LTD     X 
HASHKEY DIGITAL WEALTH PTE. LTD.      X 
HEADQUARTERS XYZ PTE LTD       X
 HERRING TECHNOLOGY SERVICES PTE. LTD.      X 
 HYDRAX DIGITAL ASSETS PTE LTD     X 
 IPAYMY TECHNOLOGIES PTE. LTD.     X 
 KUN DIGITAL TECHNOLOGY PTE. LTD.     X
 MAINNET DIGITAL PTE. LTD.     X
MATRIX TRUST PTE. LTD.      X
METABORA SINGAPORE PTE. LTD.      X
MILLENING PTE. LTD.     X
NIUM PTE LTD      X
 PAYSTREET PTE. LTD. X X  
 PRIMROSE CAPITAL MANAGEMENT PTE. LTD.      X 
PROPINE MARKET SERVICES PTE. LTD.      X
 PROPINE TECHNOLOGIES PTE. LTD.      
RAKKAR DIGITAL PTE. LTD.     X
REMSEA PTE. LTD.      X
RENORA TECHNOLOGIES PTE. LTD.      X
SBI DIGITAL MARKETS PTE. LTD.       X
SHA2 LABS PTE LTD     X 
 STONEX APAC PTE. LTD.     X
SYMPHONY DIGITAL ASSETS PTE LTD     X
 UFI PTE. LTD.     X
 WEMIX PTE. LTD.     X
XFLOW PAYMENTS PTE. LTD.     X  
  ZODIA CUSTODY (SINGAPORE) PTE LTD      X