EMIs and Payment Institutions

Segregated Named Accounts

What Are Segregated Named Accounts. Segregated named accounts (SNAs) are specialized financial accounts designed to keep clients’ funds separate from a company’s operational capital.

Major Payment Institution (MPI)

What are Major Payment Institution (MPI). A major payment institution (MPI) is a regulated financial entity defined by Singapore’s Monetary Authority of Singapore (MAS) under the Payment Services Act.

Electronic Money Institution (EMI)

What is Electronic Money Institutions (EMI). An electronic money institution (EMI) is a regulated financial entity authorized to issue electronic money and provide digital payment services.

Segregation of Funds

What is Segregation of Funds Segregation of funds refers to the practice of keeping customer funds separate from a company’s operational or business funds within financial institutions, particularly in money services businesses (MSBs) and Electronic Money Institutions (EMIs).