Singapore Payment Services Act 2019
Part 2 Division 2: Conduct of business (all licensees) – Singapore Payment Services Act 2019

Singapore Payment Services Act 2019 S19: Do not let Singapore-resident users cash out e-money into Singapore currency

An account issuer must not let a payment service user who is, or is treated as, resident in Singapore withdraw e-money from a payment account and exchange it for Singapore notes and coins at its places of business, or arrange for others in Singapore to do so, except when the user terminates the account.

Maintained by Gerard BlokdykVerified against the published standard Control text last updated

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