Singapore amends Payment Services Act to streamline administration and transfer. The Financial Services Authority of Singapore (MAS) has announced that it will implement an amendment to the country's Payment Services Act (PS Act) to expand the range of services it provides. token (DPT) service providers. On April 2, Singapore's central bank said it would take further action under the PS Act. This includes providing services for the management of SPOs, facilitating the transfer and exchange of money and facilitating cross-border payments. The investigator also explained that the law also covers situations where the service provider does not have the money, or the money is not accepted or received in Singapore.