Free Newsletter Get the hottest Fintech Singapore News once a month in your InboxSingapore’s payments industry has introduced a voluntary code covering pricing, fraud protection and consumer safeguards. The Payments Industry Code of Conduct was launched by the Singapore Fintech Association (SFA) with industry participants. The framework covers major payment institutions, standard payment institutions, money-changing licensees and exempt payment service providers for regulated payment services under the Payment Services Act 2019. Stronger Fraud and Card SafeguardsCode Adherents must maintain fraud prevention frameworks covering risk assessments, real-time monitoring, incident response and customer education on scams. The SFA and industry participants plan to review and update the code as Singapore’s payments sector develops.