Stripe SG is currently operating under a temporary exemption from the licensing requirements of the Payment Services Act ("PS Act") for the specified payment services, until such time Stripe SG is granted the Major Payment Institution licence.

Please refer to the Monetary Authority of Singapore’s (“MAS”) website for further details and the list of exempted entities (including Stripe SG): https://www.mas.gov.sg/regulation/payments/entities-that-have-notified-mas-pursuant-to-the-ps-esp-r

In respect of the licence application process, Stripe SG has received MAS’ in-principle approval.