External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Adyen Singapore now licensed under Payment Services Act as a Major Payments Institution 4 hours ago Source: Adyen Adyen, the global payments platform of choice for many of the world's leading companies, today announced that its Singapore entity, Adyen Singapore Pte Ltd, has received approval from the Monetary Authority of Singapore (MAS) to carry out merchant acquisition services under the Payment Services Act 2019 (PSA). Effective from 1 May 2021, Adyen Singapore's license as a Major Payment Institution under the PSA has been expanded to include merchant acquisition and domestic money transfer services, on top of the previously licensed activity of cross-border money transfer service. Adyen Singapore is the first global payments provider to be licensed for the newly regulated activity of merchant acquisition service under the PSA.