Banking Act 1970 · 2020 Revised Edition · Part 8 · Credit Card and Charge Card Businesses
57A. Application to be licensed credit card or charge card issuer
Feedback & supportAn application for a licence to carry on the business of issuing credit cards or charge cards in Singapore must be made in such manner as may be required by the Authority.
licence
“licence” means —(a)a bank licence granted or held under section 7 or 79; or(b)a merchant bank licence granted under section 55S or treated as having been granted under section 64 of the Banking (Amendment) Act 2020;
An application under subsection (1) must be accompanied by a non‑refundable application fee of a prescribed amount, which must be paid in the manner specified by the Authority.
The Authority may require an applicant to provide it with such information as it considers necessary in relation to the application.