Licenses

Singapore

LytePay Pte Ltd is a Major Payment Institution licensed by the Monetary Authority of Singapore (MAS) under the Payment Services Act to provide (i) account issuance service; (ii) domestic money transfer service; and (iii) cross-border money transfer service.

You may locate LytePay Pte Ltd within MAS’ list of financial institutions here.

Malaysia

LytePay Sdn Bhd (Registration No.: 201901041917 (1351247-W)) requires no specific licence to conduct its business in Malaysia under the Financial Services Act 2013 or the Moneylenders Act 1951 of Malaysia.

No FEA approval is required for the provision of Lyte facilities where payments are in Malaysian Ringgit between residents into accounts onshore. No prior written approval from BNM is therefore required from LytePay to make or receive payments in Malaysia.