Enabling businesses to move funds internationally across different jurisdictions.
You can verify 2C2P's current status and authorized activities through the MAS Financial Institutions Directory , where it is listed as 2C2P Pte. Ltd. Monetary Authority of Singapore specific transaction limits that apply to other license types or the application process for a new MAS license? 2c2p mas license
Why obsess over the specifically? Because if you use a gateway without an MPI license, you are breaking the law. Under the PS Act, merchants who knowingly use an unlicensed payment service provider can face fines up to SGD 1,000,000. Furthermore, if the unlicensed entity collapses, you have no legal recourse to recover your settlement float. By using 2C2P, you mitigate this regulatory risk. Under the PS Act, merchants who knowingly use
While the is a green light, merchants should also consider operational factors: While the is a green light
To understand the 2C2P MAS license, you must first understand the regulator. The Monetary Authority of Singapore (MAS) is widely considered one of the strictest and most sophisticated financial regulators in the world.
Disclaimer: This article is for informational purposes only and does not constitute legal or financial advice. You should verify the current licensing status of any payment provider directly with the Monetary Authority of Singapore.