E-payment rule changes: MAS wants feedback

Singapore

THE Monetary Authority of Singapore (MAS) is inviting feedback on the proposal to update rules on e-payments.

It released a consultation paper on Thursday on proposed changes to the payments regulatory framework and establishment of a National Payments Council.

Singapore's payment regulations currently cut across two pieces of legislation: the Payment Systems (Oversight) Act and the Money-changing and Remittance Businesses Act, which govern stored valu…