Regulatory Alerts2024-10-25
Added · Updated
E-Payments User Protection Guidelines
This document presents the Monetary Authority of Singapore's responses to feedback on unauthorized or mistaken payment transactions and its expectations for financial institutions issuing or operating protected accounts. It outlines measures proposed in the Payment Services Bill to protect funds belonging to account users and merchants. The consultation period for these proposals ran from 13 February 2018 to 16 March 2018.