Entities that have notified MAS pursuant to the Payment Services (Exemption for Specified Period) Regulations 2019 ("Exemption Regulations")

The following entities have been granted an exemption from holding a licence under the Payment Services Act ("PS Act") for the specific payment services for a specified period. Please note that these entities are not licensed under the PS Act to provide the specific payment services, but are allowed to continue to provide the specific payment services.

 

The exemption will cease after the specified period; or if the entity submits a licence application under the PS Act, on the date that the application is approved or rejected by MAS, or withdrawn by the applicant.

Entities that have been providing the specific payment services before the commencement of the PS Act, but have failed to notify MAS pursuant to the Exemption Regulations will be in breach of the notification requirements under the Exemption Regulations. These entities are not licensed or exempt from holding a licence to provide the specific payment services. Such entities should contact MAS immediately.

   Specific Payment Services
Providing account issuance service Providing domestic money transfer service Providing inward cross-border money transfer service Providing merchant acquisition service

Issuing e-money where the total float held by the e-money issuer does not exceed S$30 million

Providing digital payment token service
Specified period

 12 months from commencement

(i.e. 28 January 2021)

 6 months from commencement

(i.e. 28 July 2020)*

2C2P PTE. LTD.
AAPLUS PTE. LTD.        
AAX EXCHANGE (MALTA) LIMITED, SINGAPORE BRANCH        
ACTOZ LABS PTE. LTD.          
AEXON (PTE.) LIMITED  
AI SOFT PTE. LTD.    
AIRWALLET PAYMENTS PTE LTD
AIRWALLEX (SINGAPORE) PTE. LTD.        
ALETA PLANET MES PTE LTD          
ALETA PLANET PTE LTD      
ALETACARD SG PTE. LTD.      
 ALIBABA.COM SINGAPORE E-COMMERCE PRIVATE LIMITED        
ALIPAY MERCHANT SERVICES PTE. LTD.    
ALIPAY SINGAPORE E-COMMERCE PRIVATE LIMITED    
ALIPAY SINGAPORE INVESTMENT HOLDING PTE. LTD.  
ALIPAY.COM CO., LTD          
ALLDEBIT PTE. LTD.      
ALPHABIT CONSULTING PTE. LTD.      
 ALPHANONCE PTE. LTD.          
ALTONOMY PTE. LTD.          
AMARY PTE LTD  
AMAZINGTECH PTE LTD          
AMAZON ASIA-PACIFIC HOLDINGS PTE LTD      
ANDURIL PTE. LTD.          
AOFEX INFORMATION TECHNOLOGY PTE. LTD.      
APAYLATER FINANCIALS PTE LTD        
APIFINY ASIA PTE. LTD.          
ARAMEX INTERNATIONAL EXCHANGE PTE LTD          
ASCAN MARKETING SERVICES PTE LTD      
ASIAPAY PAYMENT SERVICE PTE LTD          
ASPIRE FT PTE. LTD.    
ASSOCIATED FOREIGN EXCHANGE (SINGAPORE) PTE LTD √       
ATTRACTION INTERNATIONAL FINTECH PTE LTD      
AXS PTE LTD      
BEECONOMIC SINGAPORE PTE LTD        
BERRYPAY PTE LTD    
BHOP CONSULTING PTE. LTD.          
BIGPAY SINGAPORE PTE. LTD.      
BINANCE ASIA SERVICES PTE. LTD.          
BITDATA DIGITAL TECH PTE LTD          
BITSTAMP LIMITED  
BITTOK TECHNOLOGY PTE LTD      
BIXIN TECHNOLOGY PTE. LTD.        
BLOCKCHAIN MASTERY LAB LLP      
BLOCKFORT PTE. LTD.      
BLUE CITY SOLUTIONS PTE LTD          
BMXDM TECHNOLOGY PTE. LTD.    
BOKU PAYMENTS, INC.          
BRDGEPAY PTE. LTD.          
BSQUARED TECHNOLOGY PTE. LTD.          
BYTE POWER X SINGAPORE PTE LTD
CAKE PTE. LTD.          
CARDPAY PTE. LTD.    
CC FINANCIAL SERVICES PTE LTD      
CEX.IO LTD          
CHANGI AIRPORT GROUP (SINGAPORE) PTE. LTD.
CHECKOUT APAC PTE. LTD.          
CHYNGE SINGAPORE PTE. LTD.      
COCO WEB PTE LTD          
CODA PAYMENTS PTE. LTD. √     
COINBASE SINGAPORE PTE. LTD.          
COINCOLA SINGAPORE PTE. LTD.          
COINUT PTE. LTD.      
COLD STORAGE SINGAPORE (1983) PTE LTD        
CRIPTHOR PTE LTD
CROWN EXCHANGE PTE LTD      
CUMBERLAND SG PTE. LTD.          
CURRENCIES DIRECT PTE. LTD. √       
CYBERDYNE TECH SERVICES PTE LTD          
CYS GLOBAL REMIT PTE LTD √         
DACXI EXCHANGE PTE LTD          
DAENERYS & CO PTE LTD        
DELIVERY HERO (SINGAPORE) PTE. LTD. √       
DEODI PTE. LTD.          
DEXSTAR SERVICES PTE. LTD.      
DIGIFINEX PTE LTD          
DIGINEX CAPITAL PTE LTD    
DIGITAL TREASURES CENTER PTE. LTD. √   

DIGIX HOLDINGS PTE LTD

         
DINERSPAY PTE. LTD.      
DOLLAR EXCHANGE PTE LTD          
DS SOLUTIONS PTE. LTD.
EBANX PTE. LTD.    
E-BUY INFORMATION TECHNOLOGY (INTERNATIONAL) PTE. LTD.      
ECOMMPAY APAC PTE LTD        
ECXX GLOBAL PTE. LTD.          
EDGARTON MANAGEMENT PRIVATE LIMITED √ 
ENETS PTE. LTD.    
ENTRE BIZ PTE. LTD.
EUPHORIA HOLDINGS GROUP PTE LTD
EZ-LINK PTE LTD      
EZSY PTE. LTD.
EZYNET PTE LTD          
FEU INTERNATIONAL PTE. LTD.          
FINTECH DECISION PTE. LTD.          
FINXFLO - FEARLESS LEGENDS PTE LTD          
FINXPAY PTE. LTD.    
FIRST DATA MERCHANT SOLUTIONS PRIVATE LIMITED      
FLEXM PTE. LTD. √     
FLY WING TECHNOLOGIES PTE. LTD.          
FLYWIRE (SINGAPORE) PTE LTD        
FOMO PAY PTE. LTD.      
FXR BUSINESS SERVICES PTE LTD      
GAMER2GAMER GLOBAL PTE LTD  √    
GBEX HOLDINGS PTE. LTD.          
GEMINI TRUST COMPANY, LLC √   
GENESIS ASIA PACIFIC PTE. LTD.      
GENIE TECHNOLOGIES PTE LTD          
GETZ GROUP PTE. LTD.          
GLOBAL COLLECT B.V.        
GLOBAL COLLECT SERVICES B.V.        
GLOBAL PAYMENTS ASIA-PACIFIC (HONG KONG HOLDING) LIMITED, SINGAPORE BRANCH      
GLOBIANCE PTE LTD
GOLDFINX PTE. LTD.          
GOOGLE PAYMENT SINGAPORE PTE. LTD. √   
GPAY NETWORK(S) PTE LTD √       
GRABLINK PTE LTD        
GRAVITAS INTERNATIONAL ASSOCIATES PTE LTD      
GSR MARKETS PTE. LTD.          
HAKO TECHNOLOGY PTE. LTD.          
HASHKEY HUB PTE. LTD.          
HASHKEY TECHNOLOGY SERVICES PTE. LTD.          
HITPAY PAYMENT SOLUTIONS PTE LTD          
HODLNAUT PTE LTD          
HOOLAH SINGAPORE PTE LTD      
IAPPS PTE. LTD.    
INDEPENDENT RESERVE SG PTE LTD  
INTELLECT MARKET PTE LTD        
INTERNATIONAL AIR TRANSPORT ASSOCIATION, SINGAPORE BRANCH        
INTERNATIONAL EXCHANGE CO. (SINGAPORE) PTE LTD          
INTERNATIONAL REMITTANCE PTE LTD        
IPAYMY TECHNOLOGIES PTE LTD          
IXX DIGITAL PRIVATE LIMITED          
JST DIGITAL TRADING & TECHNOLOGY PTE. LTD.          
KANZ REMIT PTE. LTD. √     
KOIPY GLOBAL PTE LTD        
KSHER SINGAPORE PTE LTD      
LAB MONETA FOUNDATION PTE LTD    
LAZADA SINGAPORE PTE. LTD.      
LEGATUS GLOBAL PRIVATE LIMITED          
LIMESTONE NETWORK PTE LTD          
LIONEX PTE LTD    
LIQUIDX (SINGAPORE) PTE. LTD.        
LIQUIDX, INC        
LITTLELIVES INC. PTE LTD          
LUNO PTE. LTD.          
MANUAL-ARTS PTE. LTD.        
MARINA BAY SANDS PTE LTD          
MASS EXPRESS PTE LTD      
MATCHMOVE PAY PTE LTD  
MOBILE COMMUNITY TECH PTE LTD    
MONSPACE (S) PTE LTD        
MOON PAY LIMITED          
MUTUALISM GLOBAL PTE LTD          
NET MARKETING SERVICES          
NETWORK FOR ELECTRONIC TRANSFERS (SINGAPORE) PTE LTD  
NIUM PTE. LTD.    
NOGLE (SINGAPORE) PTE. LTD.        
NOVUM FINANCIAL TECHNOLOGIES PTE LTD        
OCEANPAYMENT PTE LTD      
OFFGAMERS GLOBAL PTE LTD      
OFFSETPAY PTE LTD √ 
OFX SINGAPORE PTE. LIMITED √       
OKCOIN PTE. LTD.         √ 
OMISE PAYMENT SG PTE. LTD.      
ONCHAIN CUSTODIAN PTE LTD √      √ 
OPTION GIFT PTE. LTD.        
OREC PTE. LTD.        
OSL SG PTE LTD         √ 
PAXOS GLOBAL PTE. LTD.    
PAY ASIA PTE. LTD.        
PAYCOME PTE. LTD.          
PAYLINKS PTE. LTD.        
PAYMENT OPTIONS PTE. LTD.      
PAYONEER HONG KONG LIMITED SINGAPORE BRANCH          
PAYPAL PTE. LTD.    
PAYRNET PTE LTD      
PAYWHO PTE LTD √   
PAYWISER PTE. LTD. √   
PIONEX PTE LTD          
PRIMESTACK PTE. LTD.    
PUNDI X LABS. PTE. LTD.        
QASHIER PTE LTD    √    
QCP CAPITAL PTE. LTD.          
QF PAY SINGAPORE PTE. LTD.      
QUANTUM XTREME PTE. LTD.          
QUOINE PTE. LTD.          
RAFFLES MONEY CHANGE PTE LTD          
RAPYD HOLDINGS PTE. LTD.  
RAZER ONLINE PTE LTD    
RAZERPAY PTE LTD  
RDMCHAIN PTE. LTD.          
RED DOT PAYMENT PTE LTD      
RELY PTE. LTD. √       
 RIO TECHNOLOGIES PTE LTD    
RIPPLE LABS SINGAPORE PTE. LTD.          
SAFECHARGE PTE. LIMITED      
SCASH GLOBAL PTE LTD          
SCASH TECHNOLOGIES PTE LTD          
SFOX PTE LTD    
SG EPAY PTE. LTD.      
SHOPEEPAY PRIVATE LIMITED √     
SHUTTLE ONE PTE LTD          
SILVERAG PTE LTD          
SINGAPORE BITGET PTE. LTD.          
SINGAPORE LIFE PTE LTD      
SINGAPORE POST LIMITED        
SINOPAY (SINGAPORE) PRIVATE LIMITED      
SISTIC.COM PTE LTD      
SLEEK TECH PTE LTD        
SLIDESG PTE LTD
SMARTPAY (SINGAPORE) PTE LTD        
SOCASH PTE. LTD.      
SOLIDUS GEAR PTE LTD
SOURCED (PRIVATE LIMITED)          
SP SERVICES LIMITED    √      
SPACETRAVEL PTE. LTD.        
SPARROW TECH PRIVATE LIMITED          
STAE PTE. LTD.  
STARLINK FINANCIAL TECHNOLOGIES PTE. LTD.          
STARZPAY PTE LTD      
STONE FOREST ACCOUNTSERVE PTE LTD        
STRAITS FINANCIAL SERVICES PTE. LTD.        
STRIPE PAYMENTS SINGAPORE PTE LTD      
STYL SOLUTIONS PTE LTD          
SUPER-X TECH PTE LTD        
SWD RESEARCH PRIVATE LIMITED
TABSQUARE PTE LTD          
TAI MO SHAN LIMITED SINGAPORE BRANCH          √
TAURUS ONE PRIVATE LIMITED      
TDX SG PTE. LTD.        
TENX PTE. LTD. √   
THE ATLANTIC CONNECTION PRIVATE LIMITED √ 
TIEN GOLD PTE. LTD.  
TMF SINGAPORE H PTE. LTD.      
TRANSFERCLEAR PTE LTD
TRANSIT LINK PTE LTD      
TRAXX PAYMENTS PTE LTD      
TRILLION PTE LTD
TRIPLE A TECHNOLOGIES PTE LTD    
UNIWEB PTE LTD    
UPBIT SINGAPORE PTE LTD          
UQPAY TECHNOLOGY (SG) PTE. LTD. √   
WALLETORY PTE. LTD.      
WALLEX TECHNOLOGIES PTE LTD    
WALLTER PAYMENTS (SG) PRIVATE LIMITED √ 
WESTERN UNION BUSINESS SOLUTIONS (SINGAPORE) PTE LTD √     
WIREX PTE LTD √   
WLC FACILITIES SERVICES PTE. LTD.        
WORLD FIRST ASIA PTE LTD    
WORLDPAY PTE LTD      
WULIANWANG TECHNOLOGY PRIVATE LIMITED
XFERS PTE LTD    
YYLIFE PTE LTD      
ZIPMEX PTE LTD          

* Entities that provide a combination of payment services which includes digital payment token services should submit one application for all their payment services by 28 July 2020.


The following entities are no longer exempt from holding a licence 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.

Specific Payment Services
Providing account issuance service Providing domestic money transfer service Providing inward cross-border money transfer service Providing merchant acquisition service

Issuing e-money where the total float held by the e-money issuer does not exceed S$30 million

Providing digital payment token service
17 MEDIA PTE. LTD. X X X
9E9 DIGITAL ASSETS EXCHANGE PTE. LTD. X
A TECH MEDIA PTE. LTD. X
ABELE INTERNATIONAL PTE. LTD. X       X X
ACHERON PTE. LTD. X
ADYEN SINGAPORE PTE. LTD. X X    
AGODA COMPANY PTE LTD X X X X
AI NETWORK PTE. LTD. X
AIM SYSTEM PTE LTD X X X X
 ALARICUS PRIVATE LIMITED X X X X X X
 ALCHEMY GPS SINGAPORE PTE LTD   X   X   X
ALLINPAY MERCHANTS SERVICES (SINGAPORE) PTE. LTD. X
APPLE DISTRIBUTION INTERNATIONAL LIMITED X X
APPLE SOUTH ASIA PTE. LTD. X X
APTSYS TECHNOLOGY SOLUTIONS PTE LTD X X X
ATLANTIC PARTNERS ASIA (SG) PTE.LTD. X
ATOME ASPIRATIONS PTE LTD X
ATOME FINANCIAL SINGAPORE PTE LTD X
AVEPAY PTE. LTD. X X
BALSA PTE. LTD. X X
BANKOGRAPH CARD PTE. LIMITED X X
BANKOGRAPH PTE LIMITED X X
BEZ IMPEX PTE. LTD. X X
BIGG CASH PTE LTD X
BIGG WORLD PTE LTD X
BITCOIN EXCHANGE PTE LTD X
BITCROSS PTE. LTD. X
 BITGO SINGAPORE PTE. LTD. X X X     X
BITWALLET PTE. LTD. X X
BITXMI PTE. LTD. X
BLOCKSCAPE TECH PTE. LTD.   X X     X
BRICK PTE. LTD. X X X
BROTHERS COPORATION PRIVATE LIMITED X X X X X X
BS PAYMENT SINGAPORE PTE. LTD. X
BTSE HOLDINGS LIMITED X         X
CABBAGINO PTE LTD X
CALEB AND BROWN PTE LTD X
CARDUP PTE LTD X X X
CAS HOLDINGS PTE LTD X
CBIPAY PRIVATE LIMITED X X X X
CENTUM CONSULTING PTE LTD     X     X
 CLEARFLOW PTE. LTD. X
CLOUD PAYMENT PTE. LTD. X X X
COINW PTE. LTD.   X X     X
 DEFIANCE PTE LTD X
DLT PAYMENT PTE. LTD. X X
DRW SINGAPORE PTE LTD X
EASYBOOK PAY PTE LTD X X
E-CONCIERGE PRIVATE LIMITED X X X
EKUANTIA PTE. LTD. X X X X
EMOOLA SINGAPORE PTE LTD X X X X
ENETT INTERNATIONAL (SINGAPORE) PTE LTD X X X
EXA PREMIER PTE LTD X
EXCELITY SINGAPORE PTE. LTD. X
FETCH SINGAPORE PTE. LTD. X
FINPAY PTE LTD X X X X X X
FINX CAPITAL PTE. LTD. X         X
FIRST MERCHANT PROCESSING (IRELAND) DESIGNATED ACTIVITY COMPANY X X X
FRIGATE PTE LTD X X X
GATE TECHNOLOGY INCORPORATED PTE. LTD. X X
GCOX TECHNOLOGY PTE. LTD. X X
GCXPRESS COMMERCE PTE LTD X
GENESIS PAYMENT SOLUTIONS PRIVATE LIMITED X X X
GERLIONTI PTE. LTD. X X
GFIN SERVICE (S) PTE LTD X X
GMT PAY PTE LTD X X X X
GOOGLE ASIA PACIFIC PTE. LTD. X
GT DOLLAR PTE. LTD. X X X X X X
HELLOSENT PTE LTD X
IAPP LIMITED X         X
IMOOSE EXCHANGE PTE. LTD. X
INCOMLEND PTE LTD X X
INPAY A/S X
INTERNET SG VENTURES PTE. LTD. X
INVAPAY SINGAPORE PTE LTD X
IPAY88 (S) PTE. LTD. X
KANZBITAQA PTE LTD X X X
KLAYTN PTE. LTD. X
KOZJIN INTERNATIONAL PTE. LTD. X X X     X
KRYPTICAL TECHNOLOGY PTE. LTD. X
KRYPTOS-X PTE. LTD. X
LEDGERX LLC X       X X
LINE TECH PLUS PTE. LTD. X
LINK FUTURE PTE. LTD. X
 LIQUID GROUP PTE LTD X X X X X
LIQUIDITY OFFSET NETWORK PTE LTD X
 LLAMA BROTHERS SINGAPORE PTE. LTD. X X X X X
LYNEXCHANGE PTE. LTD. X
LYNPAY SOLUTIONS PTE. LTD. X X
LYTEPAY PTE LTD X X
M1 LIMITED X
MAESH PTE. LTD. X
MARCOPAY INC. X X X X X
MARKET_SINGAPORE PTE LTD X X X
MAXI SOLUTIONS PRIVATE LIMITED X X X X X X
 MAXI VAULT PRIVATE LIMITED X X X X X X
MBOXPUMAN PTE. LTD. X
MICYLA CONSULTING PRIVATE LIMITED X X X X X X
MOBILE CREDIT PAYMENT PTE. LTD. X X X
MOOLAHGO PTE LTD X X X
NEW POS NETWORK (S) PTE LTD X X  
OPTION POOL PTE. LTD. X
OZYS PTE. LTD. X
P&M CONSOLIDATED HOLDINGS PTE LIMITED X     X   X
PAYWARD PTE. LTD. X
PERATERA PTE. LTD. X
PLMP FINTECH PTE. LTD. X     X   X
PRIMAPAY PTE. LTD. X X X X X
PURE COMMERCE (S) PTE LTD X X
RACE TECHNOLOGIES PTE LTD X
REDNOVA PTE. LTD. X
REVOLUT TECHNOLOGIES SINGAPORE PTE LTD X X X X
RUPRECHT SERVICES PTE. LTD. X X X X
RYDE TECHNOLOGIES PTE LTD X X X X
SAFREE PRIVATE LIMITED X X X X X X
SAMLIT MONEYCHANGER PTE LTD X
SCIC TECHNOLOGIES PTE LTD X X
SEAMONEY (PAYMENT) PRIVATE LIMITED X
SGI TECHNOLOGIES PTE LTD X
SHARK TECHNOLOGIES INC PTE. LTD. X     X   X
SHOPEE SINGAPORE PRIVATE LIMITED X X X
SIHU TECH PTE LTD X X X X
SINGAPORE BOSHA TECHNOLOGY PTE LTD         X X
SINGAPORE E-BUSINESS PTE LTD X        
SINGOPAY PTE. LTD. X X
SKOOLY PTE LTD X
SMARTMESH FOUNDATION PTE. LTD. X
SMOOVPAY PTE. LTD. X
STABLE UNIVERSAL LIMITED X
STARUNIX TECHNOLOGY PTE. LTD. X
SUNPAY TECH PTE LTD X X X X
TARDIGRADE TECH PTE LTD X
TELECOM EQUIPMENT PTE LTD X X X X
TOKENOMY PTE LTD X
TRANSFERWISE SINGAPORE PTE LTD X X X
TREPAY PTE LTD X X X X X X
TRUPAY PTE. LTD. X X X X X
 TWINGO PTE. LTD. X X
UCARD SERVICES PTE LTD X
UNION FINANCIAL SERVICES PTE. LTD. X X X
UU TECHNOLOGY PTE. LTD. X         X
 VELOX DIGITAL SINGAPORE PTE LTD X X
VGN PTE LTD X X
VILLA GENIUS TECHNOLOGY PRIVATE LIMITED X X X X X X
VMORE SYSTEM PTE LTD X X X X
WALLET ENGINE PTE LTD X X X X X
WESTERN UNION GLOBAL NETWORK PRIVATE LIMITED X X X X
WIRECARD ASIA HOLDING PTE. LTD. X X X
WIRECARD SINGAPORE PTE. LTD. X X X X
WISDOM INTERNATIONAL CAPITAL PTE LTD X X
WORLDPAY AP LTD X X X
 WOWOO X PTE. LTD. X
XBOURSE GLOBAL PTE LTD X
 XIN WEN PTE. LTD. X
YOU TECHNOLOGIES GROUP (SINGAPORE) PTE. LTD. X X X
YUHUMA PTE. LTD. X         X
ZB FOUNDATION PTE. LTD. X
ZENITH PEAK LIMITED         X X
ZHIJING SINGAPORE PRIVATE LIMITED X
ZHONGGUO REMITTANCE PTE LTD X X