Fintech licensing in Singapore
In Singapore, fintech and crypto licences are issued by the Monetary Authority of Singapore (MAS). The Atlas covers 5 licence types there, in 4 families: bank, investment firm, payment institution and trust and corporate services. Each licence page lists its legal basis, fees and 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
Start by mapping the activities you plan to offer onto the licence types above; the activity pages show which licence permits each one. MAS offers an innovation hub and a regulatory sandbox; the regulator page explains how to use them. The application goes to MAS, together with the capital, governance and AML documentation the licence page lists.
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.