Geographic Deep Dives30 min read
MAS Licensing for Fintech Platforms in Singapore: Major Payment Institution vs Standard
Under Singapore's Payment Services Act 2019, one early licensing decision is practical. Can your platform apply for a **Standard Payment Institution (SPI) licence**, or should it apply for a **Major Payment Institution (MPI) licence**? MAS indicates you can apply for SPI if your payment services meet the stated SPI thresholds, and you should apply for MPI if your payment services exceed those threshold limits.
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