Don Wee on Payment Services (Amendment) Bill

January 2021

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Don Wee on Payment Services (Amendment) Bill

(Updated: )

The Payment Services (Amendment) Bill is another milestone in Singapore's digital payment journey, said MP Don Wee. Speaking in Parliament on Monday (Jan 4), he said Singapore will have one of the most pragmatic regulatory frameworks to position itself as a progressive destination for financial investors and service providers. However, the verification process is quite demanding, he said. He asked if the Government can prescribe a centralised or integrated platform to research on digital transactions.