CardUp is proud to be licensed by the Monetary Authority of Singapore (MAS) as a Major Payment Institution under the Payment Services Act 2019 (PS Act). This regulatory framework enables us to operate within Singapore's financial ecosystem while maintaining the highest standards of compliance and consumer protection.
As a licensed Major Payment Institution, CardUp is authorised to offer a variety of services, including:
Domestic Money Transfer Services: Facilitating secure and efficient transfers of funds within Singapore.
Merchant Acquirer Services: Enabling businesses to accept electronic payments from customers, providing a seamless transaction experience.
Cross-Border Money Transfer Services: Allowing users to send money internationally with ease and reliability.
This licensing reflects our commitment to providing safe and trustworthy payment solutions while adhering to regulatory requirements set forth by MAS.