Fintech licensing in Singapore
The Monetary Authority of Singapore (MAS) issues the licences in Singapore. The Atlas covers 5 licence types here. They sit in 4 families: bank, investment firm, payment institution and trust and corporate services. Each licence page sets out the legal basis and fees, plus the decision period, with sources.
Financial regulators in Singapore
Fintech licences available in Singapore
Bank / credit institution
Investment firm / broker-dealer
Payment institution (PI)
- PI · Singapore
Major Payment Institution Licence
MAS
- PI · Singapore
Standard Payment Institution Licence
MAS
Trust and corporate service provider (TCSP)
Main laws
- Payment Services Act 2019: Act 2 of 2019 (2020 Rev. Ed.)
Path to market
Match your activities to the licence types above; the activity pages show which licence permits each one. MAS runs an innovation hub and a regulatory sandbox, and the regulator page explains how to use them. The application goes to MAS. It must include the capital and governance information and the AML file that the licence page requires.
Getting licensed in Singapore
Protegra handles licensing in Singapore end to end: crypto licensing in Singapore.
Need this licence, or a different one?
Tell us your business model and target markets. We check the fit before you spend on an application, then handle the licence end to end.
A free preliminary assessment: we check your business model against the licence before you spend on an application. We handle this licence and any other fintech licence, including jurisdictions the Atlas does not cover yet.