Financial News

UK-Singapore FTA may loosen e-wallet rules for UK financial firms here

SINGAPORE's latest trade deal with the UK may translate to more attractive terms of opening up for UK-based financial firms operating here. Under the free trade agreement (FTA) signed on Thursday, Singapore has agreed to start a review next year to consider raising the e-wallet payment limits under the Payments Services Act (PS Act), which impacts fintechs like TransferWise and Revolut. 

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