Payment Services Act 2019 · 2020 Revised Edition · Part 10 · Saving and Transitional Provisions
121. Interpretation of this Part
Feedback & supportIn this Part, unless the context otherwise requires —“approved bank” and “approved holder” have the meanings given by section 2(1) of the PSOA;“MCRBA” means the Money‑changing and Remittance Businesses Act (Cap. 187, 2008 Revised Edition) as in force immediately before 28 January 2020;“money‑changer’s licence” has the meaning given by section 2(1) of the MCRBA;“PSOA” means the Payment Systems (Oversight) Act (Cap. 222A, 2007 Revised Edition) as in force immediately before 28 January 2020;“remittance licence” has the meaning given by section 2(1) of the MCRBA;“stored value facility” has the meaning given by section 2(1) of the PSOA.
bank
“bank”, “bank in Singapore” and “banking business” have the meanings given by section 2(1) of the Banking Act 1970;
“approved bank” and “approved holder” have the meanings given by section 2(1) of the PSOA;
“MCRBA” means the Money‑changing and Remittance Businesses Act (Cap. 187, 2008 Revised Edition) as in force immediately before 28 January 2020;
money
“money” includes e‑money but excludes any digital payment token and any excluded digital representation of value;
“money‑changer’s licence” has the meaning given by section 2(1) of the MCRBA;
“PSOA” means the Payment Systems (Oversight) Act (Cap. 222A, 2007 Revised Edition) as in force immediately before 28 January 2020;
“remittance licence” has the meaning given by section 2(1) of the MCRBA;
“stored value facility” has the meaning given by section 2(1) of the PSOA.