Written reply to Parliamentary Question on mandatory uptime and system recovery standards for e-wallet service providers
Why this matters
This is an official written answer by the Deputy Prime Minister and MAS Chairman to a parliamentary question, so it is classified as a speech. It confirms that e-wallet providers under the Payment Services Act 2019 are already subject to MAS technology risk management and business continuity guidelines, including system availability and recovery time, and that MAS reviews resilience through supervision. It does not commit to new uptime metrics, minimum redundancy, or failover rules, so the update is informational and has limited practical impact on its own.
AI-generated classification rationale, not a full analysis. Verify with the original MAS source before acting. Full disclaimer.
What the MAS said
Written reply to Parliamentary Question on mandatory uptime and system recovery standards for e-wallet service providers.
Published by MAS . Read the full notice at the source for the authoritative text.
Context
Monetary Authority of Singapore (MAS) — Singapore's central bank and integrated financial regulator. We track 194 updates from them.
Singapore's financial sector is regulated by MAS. Browse all Singapore updates.
This update is classified under Operational Resilience / Outsourcing, Technology & Cyber and Payments & E-Money.