Written reply to Parliamentary Question on minors who incurred excessive or unauthorised spending through online platforms
Why this matters
Parliamentary reply addressing minors' unauthorized/excessive spending on online platforms. MAS clarifies it does not systematically collect complaint data, but confirms existing safeguards (transaction limits for under-16 accounts, credit card eligibility requirements).
Written reply to Parliamentary Question on permitting some registered PayNow retail users to adopt nicknames as display names
Why this matters
Parliamentary reply addressing PayNow nickname feature discontinuation due to scam exploitation. Focuses on consumer protection against impersonation fraud and payment system security. Informational content regarding regulatory decision and policy rationale.
Written reply to Parliamentary Question on Household Liabilities and Household Assets
Why this matters
This regulatory update from the Monetary Authority of Singapore (MAS) discusses household liabilities and assets, including trends in mortgage and personal loan growth. It outlines MAS's prudential measures to manage household leverage, such as the Total Debt Servicing Ratio and limits on unsecured consumer credit.
Oral reply to Parliamentary Questions on safeguards for GIRO transactions
Why this matters
This regulatory update from the Monetary Authority of Singapore (MAS) addresses safeguards for GIRO transactions, which are a common payment method used by consumers.
Written reply to Parliamentary Question on timeline for making cash acceptance mandatory
Why this matters
This regulatory update discusses the timeline for making cash acceptance mandatory, which impacts banks, fintechs, and payment providers in terms of consumer protection, operational resilience, and licensing requirements.
Written reply to Parliamentary Question on Circulation of Five-Cent Coins
Why this matters
This regulatory update discusses the circulation and cost of 5-cent coins in Singapore, which is relevant for banking, payments, and consumer credit firms. It covers consumer protection, reporting, and licensing topics. The update is informational in nature, so the urgency is low.
Written reply to Parliamentary Question on Credit Card Fraud Liability and Dispute Resolution
Why this matters
This regulatory update from the Monetary Authority of Singapore (MAS) addresses credit card fraud liability and dispute resolution procedures. It is relevant for banks, payment providers, and all firms that handle consumer credit and payments.
Written reply to Parliamentary Question on alternative verification methods for medically vulnerable customers
Why this matters
This regulatory update from the Monetary Authority of Singapore (MAS) addresses the requirement for banks, including digital-only banks, to provide alternative biometric or non-facial verification options for customers who are unable to use facial recognition technology due to medical conditions.
Written reply to Parliamentary Questions on Buy Now, Pay Later transactions and the maximum purchase limit for those below 21 years old.
Why this matters
This regulatory update from the Monetary Authority of Singapore (MAS) provides information on the current state of Buy Now, Pay Later (BNPL) transactions in Singapore, including the total value, usage by those under 21, and monitoring of repayment issues.
Written reply to Parliamentary Question on delays and non-receipt of transaction alerts for fraudulent transactions.
Why this matters
This regulatory update from the Monetary Authority of Singapore (MAS) addresses issues related to delays and non-receipt of transaction alerts for fraudulent transactions, which impact banking and payments firms as well as consumers.
Written reply to Parliamentary Question on clearer regulatory guidance on assigning liability for fraudulent transactions.
Why this matters
This regulatory update provides guidance on determining liability for fraudulent transactions involving third-party payment platforms and digital wallets. It is relevant for banks, fintechs, and payment providers in terms of consumer protection, operational resilience, and reporting requirements.
Written reply to Parliamentary Questions on the Shared Responsibility Framework and real-time fraud detection standards expected of financial institutions in Singapore.
Why this matters
The regulatory update discusses the Shared Responsibility Framework and real-time fraud detection standards expected of financial institutions in Singapore, which is relevant for banking, payments, and consumer credit sectors.