regulatory meetup - payment services act
Pang Wei Wen
NOV. 5, 2019
As the Payment Services Act nears its implementation date (early 2020), there are real implications for payments businesses - whether these are previously unregulated businesses (e.g. cryptocurrency exchanges, merchant acquisition firms), or if you are existing payment instituions (e.g. remittance firms, e-wallet providers).
With the implementation of the Payment Services Act (PSA) in January 2020, Nizam Ismail from Ethikom Consultancy addressed the changes in the PSA and the real implications for payments businesses - whether these are previously unregulated businesses (e.g cryptocurrency exchanges, merchant acquisition firms), or for existing payment institutions (e.g remittance firms, e-wallet providers) at 80RR Fintech Hub SG yesterday. In view of preparing for the new legislation, industry experts had a fruitful discussion and shared about the practical approaches to take for businesses involved. Robin Lee 李显龙 - Managing Director, Xperientia Weixiong Lin - Product & Compliance Manager, Cynopsis Solutions Rune Evensen - Visionary Officer, COSS Mohammad Shah - Vice President, Data Zoo Ian Lee - Lead Investigator, Merkle Science