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submits a licence application under the PS Act, on the date that the application is approved or rejected by MAS, or withdrawn by the applicant.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

The list of entities that 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.

   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.
AAX EXCHANGE (MALTA) LIMITED, SINGAPORE BRANCH        
AEXON (PTE.) LIMITED  
AIRWALLET PAYMENTS PTE LTD
ALETA PLANET VBA PTE. LTD. (fka 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.  
ALLDEBIT PTE. LTD.      
ALPHABIT CONSULTING PTE. LTD.      
ALTONOMY PTE. LTD.          
AMARY PTE LTD  
AMAZINGTECH PTE LTD          
AMAZON ASIA-PACIFIC HOLDINGS PTE LTD      
ANDURIL PTE. LTD.          
APAYLATER FINANCIALS PTE LTD        
ASCAN MARKETING SERVICES PTE LTD      
ASPIRE FT PTE. LTD.    
ASSOCIATED FOREIGN EXCHANGE (SINGAPORE) PTE LTD      
BEECONOMIC SINGAPORE PTE LTD        
BHOP CONSULTING PTE. LTD.          
BITDATA DIGITAL TECH PTE LTD          
BITSTAMP LIMITED  
BITTOK TECHNOLOGY PTE LTD      
BLOCKFORT PTE. LTD.      
BSQUARED TECHNOLOGY PTE. LTD.          
CAKE PTE. LTD.          
CC FINANCIAL SERVICES PTE LTD      
CHANGI AIRPORT GROUP (SINGAPORE) PTE. LTD.
CODA PAYMENTS PTE. LTD.    
COINBASE SINGAPORE PTE. LTD.          
COINCOLA SINGAPORE PTE. LTD.          
COINUT PTE. LTD.      
COLD STORAGE SINGAPORE (1983) PTE LTD        
CUMBERLAND SG PTE. LTD.          
CYBERDYNE TECH SERVICES PTE LTD          
DACXI EXCHANGE PTE LTD          
DAENERYS & CO PTE LTD        
DELIVERY HERO (SINGAPORE) PTE. LTD.      
DIGITAL TREASURES CENTER PTE. LTD.  

DIGIX HOLDINGS PTE LTD

         
DINERSPAY PTE. LTD.      
EBANX PTE. LTD.    
E-BUY INFORMATION TECHNOLOGY (INTERNATIONAL) PTE. LTD.      
ECXX GLOBAL PTE. LTD.          
ENETS PTE. LTD.    
ENTRE BIZ PTE. LTD.
 EQONEX CAPITAL PTE. LTD. (fka Diginex Capital Pte. Ltd.)





 EZY NET PTE LTD          
FEU INTERNATIONAL PTE. LTD.          
FINXPAY PTE. LTD.    
FIRST DATA MERCHANT SOLUTIONS PRIVATE LIMITED      
FLEXM PTE. LTD.    
FLY WING TECHNOLOGIES PTE. LTD.          
FLYWIRE (SINGAPORE) PTE LTD        
FORIS DAX ASIA PTE. LTD.        
FXR BUSINESS SERVICES PTE LTD      
GAMER2GAMER GLOBAL 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      
GOOGLE PAYMENT SINGAPORE PTE. LTD.  
GPAY NETWORK(S) PTE LTD      
GRABLINK PTE LTD        
GRAVITAS INTERNATIONAL ASSOCIATES PTE LTD      
GSR MARKETS PTE. LTD.          
HASHKEY TECHNOLOGY SERVICES PTE. LTD.          
HITPAY PAYMENT SOLUTIONS PTE LTD        
HODLNAUT PTE. LTD.              
HOOLAH SINGAPORE PTE LTD      
 INTERNATIONAL AIR TRANSPORT ASSOCIATION, SINGAPORE BRANCH          
JST DIGITAL TRADING & TECHNOLOGY PTE. LTD.          
KOIPY GLOBAL PTE LTD        
KSHER SINGAPORE PTE LTD      
LAB MONETA PTE. LTD.    
LEGATUS GLOBAL PRIVATE LIMITED √     √   √ 
LIONOTC PTE LTD (fka Lionex Pte Ltd)    
LIQUIDX, INC        
LITTLELIVES INC. PTE LTD   √       
LULU MONEY (SINGAPORE) PTE. LTD. (fka Mass Express Pte Ltd) 





LUNO PTE. LTD.          
MANUAL-ARTS PTE. LTD.        
MARINA BAY SANDS PTE LTD          
MATCHMOVE PAY PTE LTD
   √   
MOON PAY LIMITED          
NET MARKETING SERVICES          
NETWORK FOR ELECTRONIC TRANSFERS (SINGAPORE) PTE LTD  
OCEANPAYMENT PTE LTD      
OFFSETPAY PTE LTD
OKCOIN PTE. LTD.        
OMISE PAYMENT SG PTE. LTD.      
ONCHAIN CUSTODIAN PTE LTD    
 OPAL FINTECH PTE. LTD.  √       √   
OPTION GIFT PTE. LTD.  √   √   
OSL SG PTE LTD        
PAXOS GLOBAL PTE. LTD.    
PAY ASIA PTE. LTD.        
PAYONEER HONG KONG LIMITED SINGAPORE BRANCH          
PAYPAL PTE. LTD.    
PAYRNET PTE LTD      
PUNDI X LABS PTE. LTD.
       
QASHIER PTE LTD      
QCP CAPITAL PTE. LTD.          
QUOINE PTE. LTD.          
RAPYD HOLDINGS PTE. LTD.  
RAZER ONLINE PTE LTD    
RED DOT PAYMENT PTE LTD      
RIPPLE LABS SINGAPORE PTE. LTD.          
SAFECHARGE PTE. LIMITED      
SFOX PTE LTD    
SG EPAY PTE. LTD.      
SHUTTLE ONE PTE LTD          
 SINGAPORE DIGITAL EXCHANGE PTE. LTD. (fka Byte Power X Singapore Pte. Ltd.)            
SINGAPORE POST LIMITED        
SINOPAY (SINGAPORE) PRIVATE LIMITED      
SISTIC.COM PTE LTD      
SOLIDUS GEAR PTE LTD
SP SERVICES LIMITED    √      
SPARROW TECH PRIVATE LIMITED          
STRAITS FINANCIAL SERVICES PTE. LTD.        
STRIPE PAYMENTS SINGAPORE PTE LTD      
SWD RESEARCH PRIVATE LIMITED
TABSQUARE PTE LTD          
TAI MO SHAN LIMITED SINGAPORE BRANCH          √
TAURUS ONE PRIVATE LIMITED      
THE ATLANTIC CONNECTION PRIVATE LIMITED
TMF SINGAPORE H PTE. LTD.      
TRANSIT LINK PTE LTD      
UNIWEB PTE LTD    
UPBIT SINGAPORE PTE LTD          
UQPAY TECHNOLOGY (SG) PTE. LTD.  
WALLETORY PTE. LTD.      
WALLEX TECHNOLOGIES PTE LTD    
WESTERN UNION BUSINESS SOLUTIONS (SINGAPORE) PTE. LTD.  
WIREX PTE LTD  
WORLD FIRST ASIA PTE LTD    
WORLDPAY PTE LTD      
WULIANWANG TECHNOLOGY PRIVATE LIMITED
XFERS PTE LTD   1 
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.

¹ This is in line with the update of the Frequently Asked Questions (FAQs) on the PS Act on 7 March 2022 that sets out that stablecoins may meet the definition of “digital payment token”. Please refer to the FAQs of the PS Act for more information.