MAS Capital Markets Services Licence
Cost
Substantial, application, ongoing supervision, and capital
Timeline
6-12 months
Capital
S$ 250,000-S$ 1,000,000+ depending on activity
CMS Licence regulated by Monetary Authority of Singapore.
Who it suits
Brokers and asset managers serving Singapore and APAC clients. Strong reputation for compliance rigour.
Compliance load
Securities and Futures Act (SFA), MAS Financial Advisers Act, robust AML/CFT, technology-risk-management guidelines.
The acquiring angle
MAS brand is highly regarded by acquirers globally. Singapore-based acquirer relationships open if licensed locally. Pricing typically competitive.
Notes and pitfalls
Process is rigorous and slow. Capital requirements scale meaningfully with permitted activities.
Reference information, not legal advice. Figures are typical ranges as of 2026.
MAS questions.
How do acquirers view the MAS licence?
Acquirer acceptance is Moderate. MAS brand is highly regarded by acquirers globally. Singapore-based acquirer relationships open if licensed locally. Pricing typically competitive.
What does the MAS cost and how long does it take?
Cost: Substantial, application, ongoing supervision, and capital. Timeline: 6-12 months. Capital: S$ 250,000-S$ 1,000,000+ depending on activity. These are typical ranges as of 2026; verify with the regulator before budgeting.
Does BZNpay help with MAS applications?
No. We are an introducer to acquirers, not a licensing agent. We can tell you how this licence plays with the acquirer pool and introduce you to the partners whose appetite covers it.