Regulatory Alerts2024-09-19
Added
Guidelines on Consumer Protection Measures by DPT Service Providers [PS-G03]
The Monetary Authority of Singapore issued these guidelines to establish expectations for digital payment token service providers regarding consumer protection risks. The document promotes the adoption of sound and robust practices by outlining specific measures that service providers must implement. These requirements aim to safeguard consumers and ensure the integrity of digital payment token services under the Payment Services Act.
Guidelines
Last Revised Date: 19 September 2024
Guidelines on Consumer Protection Measures by Digital Payment Token Service Providers under the Payment Services Act.
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Guidelines on Consumer Protection Measures by DPT Service Providers [PS-G03] (revised on 19 September 2024)
(668.1 KB)
The aim of the Guidelines is to promote the adoption of sound and robust practices for digital payment token service providers. The Guidelines set out the expectations of MAS on the measures that a digital payment token service provider should have in place to address consumer protection risks.
2 April 2024 PS-G03 Guidelines on Consumer Protection Safeguards by DPT Service Providers issued on 2 April 2024 (305.9 KB) .