Payment Services Act 2019

  • BLOOM Digital Money Settlement: Malaysia and Thailand Join MAS

    On 23 October 2026 the Monetary Authority of Singapore (MAS) announced that Bank Negara Malaysia (BNM) and the Bank of Thailand (BOT) had joined BLOOM as policymaker members. BLOOM (Borderless, Liquid, Open, Online, Multi-currency) is the public-private initiative MAS launched in October 2025, and BLOOM digital money settlement work now brings three central banks together…

  • PSN04 Reporting in Singapore: Forms 1A to 9 and the 30-Day Rule

    PSN04 reporting is the periodic data return that every payment licensee of the Monetary Authority of Singapore (MAS) owes under MAS Notice PSN04, the Notice on Submission of Regulatory Returns. MAS issued the Notice on 5 December 2019 under the Payment Services Act 2019 and amended it on 2 April 2024, with the amended forms…

  • MAS Stablecoin Framework: PS Act Amendments, 16 October Deadline

    The label “MAS-regulated stablecoin” is about to become a statutory gate. On 1 September 2026 the Monetary Authority of Singapore (MAS) published a consultation on legislative amendments to the Payment Services Act 2019 that would give the MAS stablecoin framework legal effect. The consultation invites feedback by 16 October 2026; responding is not a mandatory…

  • PayNow Generation 2 Study: What It Means for SG PSPs

    A payment service provider that reads the PayNow Generation 2 study as a press release will be a step behind when the implementation roadmap lands at the end of 2026. On 25 June 2026, the Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) set out four areas of enhancement to…