Range of cashless payment instruments as well as efficient and reliable clearing and settlement systems in singapore the common methods of making retail payments besides using currency include cheques interbank giro debit and credit transfers as well as payment cards which includes stored value debit and credit cards. Payment systems payment systems oversight act 2006 chapter 222a psoa7 the psoa provides for the oversight of payment systems and stored value facilities svfs in singapore the psoa gives mas powers over payment systems payment instruments and participants in payment systems covering three main areas for details see section 123. Payment systems may be designated under the payment services act ps act for closer supervision if they play a critical role in the safety and efficiency of the financial system a payment system may be designated under the ps act if it is considered a systemically important payment system sips or a system wide important payment system . Social responsibility ak credit receiving a token of appreciation from mr zaqy mohamad senior minister of state for a donation to needy students about us social responsibility ak credit receiving a token of appreciation from mr lawrence wong minister for education for a donation to needy students about us 3easy steps to get a cash loan apply paperwork collect. An act to provide for the licensing and regulation of payment service providers the oversight of payment systems and connected matters to repeal the money changing and remittance businesses act chapter 187 of the 2008 revised edition and the payment systems oversight act chapter 222a of the 2007 revised edition and to make consequential and related amendments to certain other acts
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