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submits a licence application under the PS Act, on the date that the application is approved or rejected by MAS, or withdrawn by the applicant.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)*

17 MEDIA PTE. LTD.      
2C2P PTE. LTD.
AAPLUS PTE. LTD.        
AAX EXCHANGE (MALTA) LIMITED, SINGAPORE BRANCH        
ABELE INTERNATIONAL PTE. LTD.      
ACCOUNTSERVE, a registered business of Stone Forest Accountserve Pte Ltd        
ACTOZ LABS PTE. LTD.          
ADYEN SINGAPORE PTE. LTD.      
AEXON (PTE.) LIMITED    
AGODA COMPANY PTE LTD    
AI SOFT PTE. LTD.    
AIM SYSTEM PTE LTD    
AIRWALLET PAYMENTS PTE LTD
AIRWALLEX (SINGAPORE) PTE. LTD.        
ALARICUS PRIVATE LIMITED
ALCHEMY GPS 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.      
ALLINPAY MERCHANTS SERVICES (SINGAPORE) 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.          
APPLE DISTRIBUTION INTERNATIONAL LIMITED        
APPLE SOUTH ASIA PTE. LTD.        
APTSYS TECHNOLOGY SOLUTIONS 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 √       
ATLANTIC PARTNERS ASIA (SG) PTE. LTD.          
ATOME ASPIRATIONS PTE LTD          
ATOME FINANCIAL SINGAPORE PTE LTD          
ATTRACTION INTERNATIONAL FINTECH PTE LTD      
AVEPAY PTE. LTD.        
AXS PTE LTD      
BALSA PTE. LTD.        
BANKOGRAPH CARD PTE. LIMITED        
BANKOGRAPH PTE LIMITED        
BEECONOMIC SINGAPORE PTE LTD        
BERRYPAY PTE LTD √     
BEZ IMPEX PTE. LTD.        
BHOP CONSULTING PTE. LTD.          
BIGG WORLD PTE LTD          
BIGPAY SINGAPORE PTE. LTD.      
BINANCE ASIA SERVICES PTE. LTD.          
BITDATA DIGITAL TECH PTE LTD          
BITGO SINGAPORE PTE. LTD. √     
BITSTAMP LIMITED  
BITTOK TECHNOLOGY PTE LTD      
BITWALLET PTE. LTD.        
BIXIN TECHNOLOGY PTE. LTD.        
BLOCKCHAIN MASTERY LAB LLP      
BLOCKFORT PTE. LTD.      
BLOCKSCAPE TECH PTE. LTD.   √     
BLUE CITY SOLUTIONS PTE LTD          
BMXDM TECHNOLOGY PTE. LTD. √     
BOKU PAYMENTS, INC.          
BRDGEPAY PTE. LTD.          
BRICK PTE. LTD.      
BROTHERS COPORATION PRIVATE LIMITED √ 
BS PAYMENT SINGAPORE PTE. LTD.          
BSQUARED TECHNOLOGY PTE. LTD.          
BTSE HOLDINGS LIMITED        
BYTE POWER X SINGAPORE PTE LTD √ 
CABBAGINO PTE LTD          
CAKE PTE. LTD.          
CARDPAY PTE. LTD.    
CARDUP PTE LTD      
CAS HOLDINGS PTE LTD          
CC FINANCIAL SERVICES PTE LTD        
CENTUM CONSULTING PTE LTD        
CEX.IO LTD          
CHANGI AIRPORT GROUP (SINGAPORE) PTE. LTD.
CHECKOUT APAC PTE. LTD.          
CHYNGE SINGAPORE PTE. LTD.      
CLOUD PAYMENT PTE. LTD.      
COCO WEB PTE LTD          
CODA PAYMENTS PTE. LTD. √     
COINBASE SINGAPORE PTE. LTD.          
COINCOLA SINGAPORE PTE. LTD.          
COINUT PTE. LTD.      
COINW 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.          
DIGIFINEX PTE LTD          
DIGINEX CAPITAL PTE LTD    
DIGITAL TREASURES CENTER PTE. LTD. √   

DIGIX HOLDINGS PTE LTD

         
DINERSPAY PTE. LTD.      
DLT PAYMENT PTE. LTD.        
DOLLAR EXCHANGE PTE LTD          
DS SOLUTIONS PTE. LTD.
EASYBOOK PAY PTE LTD    
EBANX PTE. LTD.    
E-BUY INFORMATION TECHNOLOGY (INTERNATIONAL) PTE. LTD.      
ECOMMPAY APAC PTE LTD        
E-CONCIERGE PRIVATE LIMITED      
ECXX GLOBAL PTE. LTD.          
EDGARTON MANAGEMENT PRIVATE LIMITED √ 
EKUANTIA PTE. LTD.    
EMOOLA SINGAPORE PTE LTD    
ENETS PTE. LTD.    
ENETT INTERNATIONAL (SINGAPORE) PTE LTD      
ENTRE BIZ PTE. LTD.
EUPHORIA HOLDINGS GROUP PTE LTD
EXCELITY SINGAPORE PTE. LTD.          
EZ-LINK PTE LTD      
EZYNET PTE LTD          
FEU INTERNATIONAL PTE. LTD.          
 FINCY PTE. LTD.
FINPAY PTE LTD
FINTECH DECISION PTE. LTD.          
FINX CAPITAL PTE. LTD.        
FINXFLO - FEARLESS LEGENDS PTE LTD          
FIRST DATA MERCHANT SOLUTIONS PRIVATE LIMITED      
FIRST MERCHANT PROCESSING (IRELAND) DESIGNATED ACTIVITY COMPANY      
FLEXM PTE. LTD. √     
FLY WING TECHNOLOGIES PTE. LTD.          
FLYWIRE (SINGAPORE) PTE LTD        
FOMO PAY PTE. LTD.      
FRIGATE PTE LTD  √    
FXR BUSINESS SERVICES PTE LTD      
GAMER2GAMER GLOBAL PTE LTD  √    
GBEX HOLDINGS PTE. LTD.          
GCOX TECHNOLOGY PTE. LTD.      
GEMINI TRUST COMPANY, LLC √   
GENESIS ASIA PACIFIC PTE. LTD.      
GENESIS PAYMENT SOLUTIONS PRIVATE LIMITED    √    
GENIE TECHNOLOGIES PTE LTD          
GERLIONTI PTE. LTD.        
GETZ GROUP PTE. LTD.          
GFIN SERVICE (S) PTE LTD        
GLOBAL COLLECT B.V.        
GLOBAL COLLECT SERVICES B.V.        
GLOBAL PAYMENTS ASIA-PACIFIC (HONG KONG HOLDING) LIMITED, SINGAPORE BRANCH      
GLOBIANCE PTE LTD
GMT PAY PTE LTD    
GOLDFINX PTE. LTD.          
GOOGLE ASIA PACIFIC PTE. LTD.          
GOOGLE PAYMENT SINGAPORE PTE. LTD. √   
GPAY NETWORK(S) PTE LTD √       
GRABLINK PTE LTD        
GRAVITAS INTERNATIONAL ASSOCIATES PTE LTD      
GSR MARKETS PTE. LTD.          
GT DOLLAR 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          
IAPP LIMITED        
IAPPS PTE. LTD.    
INCOMLEND PTE LTD        
INDEPENDENT RESERVE SG PTE LTD  
INPAY A/S          
INTELLECT MARKET PTE LTD        
INTERNATIONAL AIR TRANSPORT ASSOCIATION, SINGAPORE BRANCH        
INTERNATIONAL EXCHANGE CO. (SINGAPORE) PTE LTD          
INTERNATIONAL REMITTANCE PTE LTD        
INVAPAY SINGAPORE PTE LTD          
IPAY88 (S) PTE. LTD.          
IPAYMY TECHNOLOGIES PTE LTD          
IXX DIGITAL PRIVATE LIMITED          
JST DIGITAL TRADING & TECHNOLOGY PTE. LTD.          
KANZ REMIT PTE. LTD. √     
KANZBITAQA PTE LTD      
KOIPY GLOBAL PTE LTD        
KOZJIN INTERNATIONAL PTE. LTD. √     
KSHER SINGAPORE PTE LTD      
LAB MONETA FOUNDATION PTE LTD    
LAZADA SINGAPORE PTE. LTD.      
LEDGERX LLC      
LEGATUS GLOBAL PRIVATE LIMITED          
LIMESTONE NETWORK PTE LTD          
LIONEX PTE LTD    
LIQUID GROUP PTE LTD  
LIQUIDX (SINGAPORE) PTE. LTD.        
LIQUIDX, INC        
LITTLELIVES INC. PTE LTD          
LUNO PTE. LTD.          

LYNPAY SOLUTIONS PTE. LTD.

     
LYTEPAY PTE LTD        
M1 LIMITED          
MAESH PTE. LTD.          
MANUAL-ARTS PTE. LTD.        
MARCOPAY INC. √   
MARINA BAY SANDS PTE LTD          
MARKET_SINGAPORE PTE LTD      
MASS EXPRESS PTE LTD      
MATCHMOVE PAY PTE LTD √   
MICYLA CONSULTING PRIVATE LIMITED
MOBILE COMMUNITY TECH PTE LTD    
MOBILE CREDIT PAYMENT PTE. LTD.      
MONSPACE (S) PTE LTD        
MOOLAHGO PTE LTD √       
MOON PAY LIMITED          
MUTUALISM GLOBAL PTE LTD          
NET MARKETING SERVICES          
NETWORK FOR ELECTRONIC TRANSFERS (SINGAPORE) PTE LTD  
NEW POS NETWORK (S) 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         √ 
P&M CONSOLIDATED HOLDINGS PTE LIMITED      
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 √       
PAYROLLSERVE, a registered business name of Stone Forest Accountserve Pte Ltd        
PAYWHO PTE LTD √   
PAYWISER PTE. LTD. √   
PERATERA PTE. LTD.          
PIONEX PTE LTD          
PLMP FINTECH PTE. LTD.      
PRIMAPAY PTE. LTD.
PRIMESTACK PTE. LTD. √     
PUNDI X LABS. PTE. LTD.        
PURE COMMERCE (S) PTE LTD        
QASHIER PTE LTD    √    
QCP CAPITAL PTE. LTD.          
QF PAY SINGAPORE PTE. LTD.      
QRYPT TECHNOLOGIES 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. √       
REVOLUT TECHNOLOGIES SINGAPORE PTE LTD √     
 RIO TECHNOLOGIES PTE LTD    
RIPPLE LABS SINGAPORE PTE. LTD.          
RUPRECHT SERVICES PTE. LTD. √     
SAFECHARGE PTE. LIMITED      
SAFREE PRIVATE LIMITED √ 
SAMLIT MONEYCHANGER PTE LTD        
SCASH GLOBAL PTE LTD          
SCASH TECHNOLOGIES PTE LTD          
SCIC TECHNOLOGIES PTE LTD        
SEAMONEY (PAYMENT) PRIVATE LIMITED          
SFOX PTE LTD    
SG EPAY PTE. LTD.      
SGI TECHNOLOGIES PTE LTD          
SHARK TECHNOLOGIES INC PTE. LTD.      
SHOPEE SINGAPORE PRIVATE LIMITED √       
SHOPEEPAY PRIVATE LIMITED √     
SHUTTLE ONE PTE LTD          
SIHU TECH PTE LTD √     
SILVERAG PTE LTD          
SINGAPORE BITGET PTE. LTD.          
SINGAPORE BOSHA TECHNOLOGY PTE LTD        
SINGAPORE E-BUSINESS PTE LTD √         
SINGAPORE LIFE PTE LTD √       
SINGAPORE POST LIMITED        
SINGOPAY PTE. LTD.        
SINOPAY SINGAPORE PTE LTD      
SISTIC.COM PTE LTD      
SKOOLY PTE LTD          
SLEEK TECH PTE LTD        
SLIDESG PTE LTD
SMARTPAY (SINGAPORE) PTE LTD        
SMOOVPAY PTE. LTD.          
SOCASH PTE. LTD.      
SOLIDUS GEAR PTE LTD √ 
SOURCED (PRIVATE LIMITED)          
SP SERVICES    √      
SPACETRAVEL PTE. LTD.        
SPARROW TECH PRIVATE LIMITED          
STABLE UNIVERSAL LIMITED          √  
STAE PTE. LTD. √   
STARLINK FINANCIAL TECHNOLOGIES PTE. LTD.          
STARUNIX TECHNOLOGY PTE. LTD.          
STARZPAY PTE LTD      
STRAITS FINANCIAL SERVICES PTE. LTD.        
STRIPE PAYMENTS SINGAPORE PTE LTD      
STYL SOLUTIONS PTE LTD          
SUNPAY TECH 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.        
TELECOM EQUIPMENT 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      
TREPAY PTE LTD
TRILLION PTE LTD
TRIPLE A TECHNOLOGIES PTE LTD    
TRUPAY PTE. LTD.  
TWINGO PTE. LTD.        
UCARD SERVICES PTE LTD          
 UNION FINANCIAL SERVICES PTE. LTD.      
UNIWEB PTE LTD    
UPBIT SINGAPORE PTE LTD          
UQPAY TECHNOLOGY (SG) PTE. LTD. √   
UU TECHNOLOGY PTE. LTD.        
VGN PTE LTD        
VILLA GENIUS TECHNOLOGY PRIVATE LIMITED √ 
VIVO MEDIA PTE LTD √   
VMORE SYSTEM PTE LTD    
WALLET ENGINE PTE LTD  
WALLETORY PTE. LTD.      
WALLEX TECHNOLOGIES PTE LTD    
WALLTER PAYMENTS (SG) PRIVATE LIMITED √ 
WESTERN UNION BUSINESS SOLUTIONS (SINGAPORE) PTE LTD √     
WESTERN UNION GLOBAL NETWORK PRIVATE LIMITED √     
WIRECARD ASIA HOLDING PTE. LTD.      
WIRECARD SINGAPORE PTE. LTD. √  √     
WIREX PTE LTD √   
WLC FACILITIES SERVICES PTE. LTD.        
WORLD FIRST ASIA PTE LTD √     
WORLDPAY AP LTD      
WORLDPAY PTE LTD      
WULIANWANG TECHNOLOGY PRIVATE LIMITED √ 
XFERS PTE LTD √     
XIN WEN PTE. LTD.          
YOU TECHNOLOGIES GROUP (SINGAPORE) PTE. LTD. √       
YUHUMA PTE. LTD.        
YYLIFE PTE LTD      
ZENITH PEAK LIMITED        
ZHONGGUO REMITTANCE 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
9E9 DIGITAL ASSETS EXCHANGE PTE. LTD.           X
A TECH MEDIA PTE. LTD.     X    
ACHERON PTE. LTD.           X
AI NETWORK PTE. LTD.           X
BIGG CASH PTE LTD           X
BITCOIN EXCHANGE PTE LTD           X
BITCROSS PTE. LTD.           X
BITXMI PTE. LTD.           X
CALEB AND BROWN PTE LTD           X
CBIPAY PRIVATE LIMITED  X X X X    
 CLEARFLOW PTE. LTD.           X
 DEFIANCE PTE LTD           X
DRW SINGAPORE PTE LTD           X
EXA PREMIER PTE LTD           X
FETCH SINGAPORE PTE. LTD.           X
GATE TECHNOLOGY INCORPORATED PTE. LTD. X         X
GCXPRESS COMMERCE PTE LTD           X
HELLOSENT PTE LTD           X
IMOOSE EXCHANGE PTE. LTD. X
INTERNET SG VENTURES PTE. LTD.           X
KLAYTN PTE. LTD.           X
KRYPTICAL TECHNOLOGY PTE. LTD.           X
KRYPTOS-X PTE. LTD.           X
LINE TECH PLUS PTE. LTD.           X
LINK FUTURE PTE. LTD.            X
LIQUIDITY OFFSET NETWORK PTE LTD           X
 LLAMA BROTHERS SINGAPORE PTE. LTD. X X X   X X
LYNEXCHANGE PTE. LTD.           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
OPTION POOL PTE. LTD.           X
OZYS PTE. LTD.           X
PAYWARD PTE. LTD.           X
RACE TECHNOLOGIES PTE LTD           X
REDNOVA PTE. LTD.           X
RYDE TECHNOLOGIES PTE LTD X X   X X  
SMARTMESH FOUNDATION PTE. LTD.           X
TARDIGRADE TECH PTE LTD           X
TOKENOMY PTE LTD           X
TRANSFERWISE SINGAPORE PTE LTD X X     X  
 VELOX DIGITAL SINGAPORE PTE LTD X X        
WISDOM INTERNATIONAL CAPITAL PTE LTD         X X
 WOWOO X PTE. LTD.           X
XBOURSE GLOBAL PTE LTD           X
ZB FOUNDATION PTE. LTD.           X
ZHIJING SINGAPORE PTE LTD           X