Correction: Fintech Regulations in Singapore: 2026 Overview
Corrected by Emir Baycan · Full-Stack Developer, Mobile App Builder and Web Platform Founder with expertise in SEO, automation, SaaS, AI visibility, DevOps and scalable digital products
Emir Baycan found something wrong, outdated, or unsupported on this page and proposed a fix. The publisher accepted the correction.
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).
How this record is verified
- The contribution is tied to a real, identified contributor, not an anonymous byline.
- It counts only because the publisher, Corpy, accepted it. Self-claimed work earns nothing.
- It is recorded against a specific page and cannot be bought or edited after the fact.