Fintech Regulations in Singapore: 2026 Overview
Explore Singapore's fintech regulations, including licensing frameworks and compliance processes.
The exact change
Since 15 December 2023, the maximum amount that can be held in a personal e-money account is SGD 5,000 at any time, and the maximum expenditure from a personal e-money account is SGD 30,000 over a rolling 12-month period.
Since 15 December 2023, the maximum amount that can be held in a personal e-money account is SGD 20,000 at any time, and the maximum expenditure from a personal e-money account is SGD 100,000 over a rolling 12-month period (though higher limits apply for fully verified accounts).
Suggested change
Corrected e-money transaction and balance limits, which had been stale 2019 figures of SGD 5,000/30,000; the current limits (since December 2023) are SGD 20,000/100,000. Also clarified that the SGD 3 million Standard Payment Institution threshold applies per-service, not in aggregate.
Why this is better
The e-money account holding and spending limits cited were stale 2019-vintage figures (SGD 5,000/SGD 30,000) rather than the current limits that took effect in December 2023 (SGD 20,000/SGD 100,000).
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