Central Banking

Singapore to step up consumer protection on e-payments

Singapore
Singapore is stepping up its e-payment consumer protection

With e-payments increasingly widespread in the country, Singapore is stepping up its efforts on customer protection.

The Monetary Authority of Singapore launched a public consultation on February 13, setting out the responsibilities of both financial institutions and e-payment users.

The MAS says the guidelines seek to “standardise the protection offered to individuals or micro-enterprises” from losses related to unauthorised or mistaken payment transactions.

Financial institutions are asked

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: