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Singapore is one of the freest economies in the world. With the highest GDP per capita in the world. This is a very attractive country to investors and global organizations due to its attractive investment environment and a stable political environment.
Singapore's economy is mainly based on trade and services (accounting for 40% of national income). Singapore is also seen as a leader in the transition to the knowledge economy.
Financial related services are the services that attract many investors to Singapore and these are also very sought after licenses in this country. At the moment, Singapore has been offering more than 400 licenses in the Payment Service Providers industry.
With a population of 90%, they can speak Chinese and English and geographic advantage. Singapore is one of the great places for businesses to have an influence on Southeast Asia, China, and Australia.
Account Issuance Service
The service of issuing a payment account or any service relating to any operation required for operating a payment account, such as an e-wallet (including certain multi-purpose stored value cards) or a non-bank issued credit card.
Domestic Money Transfer Service
Providing local funds transfer service in Singapore. This includes payment gateway services and payment kiosk services.
Cross-border Money Transfer Service
Providing inbound or outbound remittance service in Singapore.
Merchant Acquisition Service
Providing merchant acquisition service in Singapore where the service provider processes payment transactions from the merchant and processes payment receipts on behalf of the merchant. Usually, the service includes providing a point-of-sale terminal or online payment gateway.
E-money Issuance Service
Issuing e-money to allow the user to pay merchants or transfer to another individual.
Digital Payment Token Service
Buying or selling digital payment tokens (“DPTs”) (commonly known as cryptocurrencies), or providing a platform to allow persons to exchange DPTs.
Buying or selling foreign currency notes.
Getting the right licenses and permits for your business.
Complete your payment in various ways.
One IBC® will help you to list out the necessary documents from government-requirement.
Complete all application forms and verify license is issued
The government agency will check your records and provide additional information if necessary. Then, your License has been approved.
There are four rank levels of ONE IBC® membership. Advance through three elite ranks when you meet qualifying criteria. Enjoy elevated rewards and experiences throughout your journey. Explore the benefits for all levels. Earn and redeem credit points for our services.
Earn Credit Points on qualifying purchasing of services. You’ll earn credit Points for every eligible U.S. dollar spent.
Spend credit points directly for your invoice. 100 credit points = 1 USD.
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