Singapore MPI License
A Major Payment Institution (MPI) licence places your company at the pinnacle of Singapore’s payment-services regime. Issued by the Monetary Authority of Singapore (MAS) under the Payment Services Act 2019, an MPI licence lets you provide up to seven regulated payment services without any transaction-volume caps, ideal for high-growth payment processors, remittance networks, e-money issuers and digital-asset platforms that have outgrown SPI limits.
1. Date of Initial License: 2023
2. Validity: Indefinite (annual MAS renewal filings)
3. Bank Account Status: Ready with bank accounts
4. MPI Service: Cross border remittance
5. Number of Shareholder(s): 1
6. Number of Director(s): 2
7. Number of Employee(s): 4
8. Legal Disputes/Disciplinary Record: N/A
2.8M USD
- Account issuance service
- Domestic & cross border money transfer service
- Money-changing service
- Merchant Acquisition
- E-Money Issuance
- Digital Payment Token Services
- Money-Changing
1. Market Prestige
MPI status signals top-tier compliance, boosting confidence with banks, partners and investors.
2. Comprehensive Service Suite
Offer up to seven payment services.
3. Regional Gateway
Leverage Singapore’s FTAs and digital-economy agreements to reach ASEAN, South Asia and Oceania.
4. Robust Regulatory Framework
Operate under MAS supervision, ensuring strong consumer protection and AML/CFT credibility.
1. Base Capital: ≥ S$250 000 paid-up, plus prudent buffer.
2. Safeguarding of Funds: Segregate customer monies in trust accounts or guarantees; comply with MAS PSR 2019.
3. Local Directors: ≥ 1 executive director (SG Citizen/PR/EP) and ≥ 1 additional director who is SG Citizen/PR.
4. Permanent Office: Registered Singapore Office with staff to handle customer queries and inspections.
5. AML/CFT & TRM: Policies in line with Notice PSN01 and MAS Technology Risk guidelines; independent audit.
6. Ongoing Reporting: Quarterly & annual regulatory returns, audit, incident & fraud reports to MAS.
Step 1: Data Collection
Step 2: Submit Deposit
Step 3: Receive Company Documents for Due Diligence
Step 4: Submit Remaining Payment
Step 5: Changing of Company Name
Step 6: Changing of Directors & UBO
1. Documentation & MAS Liaison
We draft and file all transfer paperwork, variation applications and compliance submissions until MAS approval.
2. Local Directors & Compliance Team
Provision or sourcing of resident executive director, compliance officer and approved auditors.
3. Bank Account Assistance
End-to-end support opening SGD and multi-currency accounts with tier-one or crypto-friendly banks.
4. Post-Licensing Maintenance
Ongoing AML/CFT monitoring, regulatory reporting, technology-risk assessments and annual audit coordination.
Contact us for more details!
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