MONETARY AUTHORITY OF SINGAPORE (MAS)Required to operate
Standard Payment Institution Licence
Standard payment institutions are licensed and regulated under the Payment Services Act ("PS Act") to provide payment services below the specified thresholds.
- Processing time
- available on the agency's website
- Issuing authority
- MONETARY AUTHORITY OF SINGAPORE (MAS)
Need help applying for this licence?
We handle the full application — document prep, agency liaison, follow-up — alongside your incorporation.
Who needs the Standard Payment Institution Licence
This licence applies to Singapore businesses registered under the following SSIC industry codes:
- Required to operate66130
- Required to operate66191 — Trustee, fiduciary and custody services
Get a quote — incorporation + this licence
We package this with your company setup so you launch with the licence already approved.