- Aspire adheres to the safeguarding requirements set forth in the Payment Services Act (No. 2 of 2019) and the relevant MAS guidelines on the same. Your monies are deposited in a trust account with DBS Bank Ltd, and you are the beneficial owner of the monies held in the account.
It may be worth also noting that your monies are kept strictly segregated in a trust account in a safeguarding institution, as prescribed by the Payment Services Act, and in line with MAS best practices. You are the beneficial owner of these monies and any potential insolvency of Aspire would not affect the beneficial ownership of the said monies.
How are our monies safeguarded? Print
Modified on: Mon, 15 Jun, 2020 at 5:23 PM
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