The Monetary Authority of Singapore said a centralised service for managing recurring payment authorisations is unnecessary because consumers can already view, amend or terminate arrangements through major retail banks and payment service providers, but it will monitor developments and review whether further measures are needed.
Monetary Authority of Singapore2026-08-05
Monetary Authority of Singapore sees no need for centralised recurring payments service
The Monetary Authority of Singapore sees no current need for a centralised recurring payments service because major providers already offer management tools. It will review the need for further measures if circumstances change.