CountrySG / SGP
Singapore
In Singapore, bank and payment licences cover different services. Learn how MAS regulates financial institutions and which SGD deposits can qualify for SDIC protection.
Singapore’s financial services landscape
Singapore is a regional centre for banking, payments, insurance and capital-market services. The Monetary Authority of Singapore (MAS) regulates financial institutions across these sectors and maintains a directory of their regulated activities.
Not every company offering financial services is a deposit-taking bank. Singapore’s deposit insurance scheme, administered by the Singapore Deposit Insurance Corporation (SDIC), protects eligible Singapore-dollar deposits at scheme members. Product and currency eligibility must be checked separately. NEXVORO currently lists institutions for Singapore without published individual products.
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