Practice area
Payments
Legal support for moving money — from processing contracts to payment licences.
We review and negotiate agreements for payment processing and payment gateways, and prepare the templates payment-driven businesses rely on, with a working knowledge of International Payment System rules (VISA, MasterCard) and concepts such as rolling reserve, holdback, pay-in and pay-out, settlement and T+3.
We research payment-licensing options and their requirements, assist with obtaining a Payment Institution Licence (Singapore), and structure License Holder–Payment Agent arrangements.
What we do
Payment processing agreements
Payment gateway contracts
Payment Institution Licence (Singapore)
License Holder–Payment Agent structuring
VISA / MasterCard scheme rules
Payment licence research