# Fintech licensing in Singapore

Source page: https://protegra.io/licensing/jurisdictions/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

- [SingaporeMonetary Authority of Singapore (MAS)MAS is Singapore's central bank and integrated financial supervisor, conducting monetary policy, issuing currency, managing official foreign](https://protegra.io/licensing/regulators/mas-singapore/)

## Fintech licences available in Singapore

### [Bank / credit institution](https://protegra.io/licensing/licences/bank/)

- [Bank · SingaporeBanking Licence (Full Bank, Wholesale Bank, Digital Bank)MAS](https://protegra.io/licensing/licences/bank/singapore/)

### [Investment firm / broker-dealer](https://protegra.io/licensing/licences/investment-firm/)

- [IF · SingaporeCapital Markets Services (CMS) LicenceMAS](https://protegra.io/licensing/licences/investment-firm/singapore-cms/)

### [Payment institution (PI)](https://protegra.io/licensing/licences/payment-institution/)

- [PI · SingaporeMajor Payment Institution LicenceMAS](https://protegra.io/licensing/licences/payment-institution/singapore-mpi/)
- [PI · SingaporeStandard Payment Institution LicenceMAS](https://protegra.io/licensing/licences/payment-institution/singapore-spi/)

### [Trust and corporate service provider (TCSP)](https://protegra.io/licensing/licences/trust-company/)

- [TCSP · SingaporeTrust Company LicenceMAS](https://protegra.io/licensing/licences/trust-company/singapore/)

## Main laws

- [Payment Services Act 2019](https://protegra.io/licensing/laws/sg-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](https://protegra.io/crypto-license-singapore).

Last verified: · Author: Danil Marmysh · Reviewed by Anastasia Sidorenkova · © Protegra. Data: CC BY 4.0, cite "Protegra Licensing Atlas". Not legal advice.