Your Authoritative Source on Singapore Law

The Last of us

Unlicensed Payment Services: When Does It Cross the Line? – Chang Jiunn Jye v Public Prosecutor [2025] 5 SLR 402 [case comment]

Theodore Toh

[2026] SAL Prac 4

Abstract:
This case comment examines the recent clarification by the General Division of the High Court of the tests for determining whether a person has “carried on a business” of providing payment services under the Payment Services Act 2019. It also outlines the court’s reasoning and observes that several aspects of the analysis remain unsettled. It briefly considers these open points against the broader development of local jurisprudence relating to payment services regulation in Singapore.