PayLicence / Standard Payment Institution
Standard Payment Institution — Singapore
Services selected under the Payment Services Act.
- Place and authority
- Singapore — MAS
- Capital
- Guarantee and capital according to services
- Renewal
- No expiry
Place and authority
Singapore — MAS. Services selected under the Payment Services Act.
Capital
Guarantee and capital according to services
Renewal
No expiry. The authorisation stands until the authority withdraws it or it is surrendered: nothing to renew, but ongoing fees and obligations (capital, reporting, supervision). Source
Our work and its timing
Preparation and filing take 6–16 weeks once we have your documents. The decision and its timing belong to the authority: no time to approval is announced.
Documents we will ask you for
Company, UBOs, payments/risk managers and partners
Required in every case
- Power of representation, notarised remotely. It gives us standing to act on your behalf before registries, banks and the relevant authorities, within the limits it sets out. The notarisation session is held by video; a valid identity document is required.
- Certificate of incorporation or recent registry extract
- Up-to-date articles, memorandum/articles or constitutive deed
- Register of directors and register of shareholders
- Ownership chart up to the natural-person beneficial owners
- KYC of the directors, signatories and UBOs
- Current licence or strategy for backing by an authorised institution
- Flow diagram, countries, currencies, volumes, MCCs and merchant profiles
- Website/product, terms and conditions, privacy, refunds and customer support
- Fraud and chargeback data and processing history if available
- Technical architecture, PCI DSS, security, reconciliation and continuity
- Draft contracts with the sponsor, processor, schemes, banks and providers
Depending on the case
- PCI DSS attestation and security audits
- Reserve/collateral and proof of liquidity
- RFP, quotes and existing contracts
- Merchant list and onboarding/monitoring procedures
- Existing BIC, IBAN, scheme identifiers and technical certificates
The exact list follows what you order; it is confirmed in your client space after payment.
Questions
Where can this licence be obtained?
Singapore — MAS.
What capital is required?
Guarantee and capital according to services
Does the licence need to be renewed?
No expiry. The authorisation stands until the authority withdraws it or it is surrendered: nothing to renew, but ongoing fees and obligations (capital, reporting, supervision).
How are your fees set?
This licence is quoted after review, because the authority's own fees depend on the activity. The firm quote follows the scoping call, before anything is signed.
How long does it take?
Preparation and filing take 6–16 weeks once we have your documents. The decision and its timing belong to the authority: no time to approval is announced.
Do you guarantee the licence?
No. The licence is granted by the authority after its own review. Our commitment is the quality of the file, its filing and its follow-up until the decision.