Entities that have notified MAS pursuant to the Payment Services (Amendment) Act 2021 (Saving and Transitional Provisions) Regulations 2024 (“Transitional Regulations 2024”)

The following entities have been granted an exemption from holding a licence under the Payment Services Act 2019 ("PS Act") for the payment services caught under the expanded scope of regulated activities for a specified period. Please note that these entities are not licensed under the PS Act to provide the payment services caught under the expanded scope of regulated activities, but are allowed to continue to provide these payment services.
 
The exemption will cease after the specified period or, if the entity submits a licence application under the PS Act and an external auditor attestation as required under the Transitional Regulations 2024, on the date that the application is approved or rejected by MAS, or withdrawn by the applicant.

Entities that have been providing the payment services caught under the expanded scope of regulated activities before the commencement of the Payment Services (Amendment) Act 2021 but have failed to notify MAS pursuant to the Transitional Regulations 2024 will be in breach of the notification requirements under the Transitional Regulations 2024. These entities are not licensed or exempt from holding a licence to provide the payment services caught under the expanded scope of regulated activities. Such entities should cease any regulated activities accordingly and contact MAS immediately. 

The list of entities that were previously exempted under the Transitional Regulations 2024 but are no longer exempt from holding a licence under the PS Act can be found here. 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
8HEXA FINANCIAL PTE. LTD.
 
ACHERON PTE. LTD.     
 AEGIS CUSTODY PTE. LTD.    
ALETA PLANET MES PTE LTD     
ALPHALAB CAPITAL PTE LTD     
AMPLE TRANSFERS PTE. LTD.     
 ANCHORAGE DIGITAL SINGAPORE PTE LTD    
ANSWER ELEVEN PTE LTD     
ANTALPHA TECHNOLOGIES PTE. LTD.     
ASPIRE FT PTE. LTD.     
 BITGO SINGAPORE PTE. LTD.    
BLACKBIRD RESEARCH PTE. LTD.     
 BRUC BOND PTE LTD    
 CAKE PTE. LTD.    
CEFFU SG PTE. LTD.     
CHAINUP CRYPTSAFE PTE. LTD.     
COBO SINGAPORE PTE. LTD.     
 COPPER TECHNOLOGIES (SINGAPORE) PTE. LIMITED    
CYBAVO PTE. LTD.     
DBS DIGITAL EXCHANGE PTE. LTD. ("DDEx")     
EDXM GLOBAL PTE. LTD.     
 FALCONX FOXTROT PTE. LTD.    
FINMO TECH PTE. LTD.     
FORIS DAX SG PTE. LTD.     
GOLNEST PTE LTD     
 GPAY NETWORK (S) PTE LTD    
HASHKEY DIGITAL WEALTH PTE. LTD.     
HEADQUARTERS XYZ PTE LTD     
HERRING TECHNOLOGY SERVICES PTE. LTD.     
HEX TECHNOLOGIES PTE. LTD.     
HYDRAX DIGITAL ASSETS PTE LTD     
IPAYMY TECHNOLOGIES PTE. LTD.     
KUN DIGITAL TECHNOLOGY PTE. LTD.     
MAINNET DIGITAL PTE. LTD.     
MATRIX TRUST PTE. LTD.     
METABORA SINGAPORE PTE. LTD.     
MILLENNING PTE. LTD.     
 NIUM PTE. LTD.    
PAYSTREET PTE. LTD.   
PRIMROSE CAPITAL MANAGEMENT PTE. LTD.     
PROPINE MARKET SERVICES PTE. LTD. 
 PROPINE TECHNOLOGIES PTE. LTD.
RAKKAR DIGITAL PTE. LTD.     
REMSEA PTE. LTD.     
RENORA TECHNOLOGIES PTE. LTD.     
SBI DIGITAL MARKETS PTE. LTD.     
SHA2 LABS PTE LTD     
STONEX APAC PTE. LTD.     
SYMPHONY DIGITAL ASSETS PTE LTD     
 UFI PTE. LTD.    
WEMIX PTE. LTD.     
XFLOW PAYMENTS PTE. LTD.       
 ZODIA CUSTODY (SINGAPORE) PTE LTD