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  2. Major Payment Institution (MPI) licence by the Monetary Authority of Singapore (MAS)

Major Payment Institution (MPI) licence by the Monetary Authority of Singapore (MAS)

General

  • What is the Major Payment Institution (MPI) licence?
  • What is the Payment Services Act (PS Act)?
  • What is a Digital Payment Token (DPT)?
  • What is the significance of Sparrow obtaining the Major Payment Institution (MPI) licence from the Monetary Authority of Singapore (MAS) to provide digital payment token services?
  • Does the Major Payment Institution (MPI) licence only impact Sparrow's customers in Singapore or globally?
  • Why is the Major Payment Institution (MPI) an important evaluation factor for financial institutions seeking Digital Payment Token Services?
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Licence and Regulations

  • With the Major Payment Institution (MPI) licence, is Sparrow regulated under the Monetary Authority of Singapore (MAS) to provide Digital Payment Token (DPT) services?
  • How has this changed Sparrow’s organizational structure?
  • Will there be changes to the products and services at Sparrow?
  • Where can I get more information with regard to regulations, agreements, risk warnings, and privacy policies?

Troubleshoot and Support

  • If I have more queries about the Major Payment Institution licence and regulation, who can I approach?
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