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Multi-currency e-wallet providers raising wallet limits following MAS rule change

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Under the revised rules, e-wallets can hold up to $20,000 at any one time, instead of $5,000.

Under the revised rules, e-wallets can hold up to $20,000 at any one time, instead of $5,000.

PHOTO: ST FILE

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SINGAPORE - Travellers will be able to take more money overseas in multi-currency e-wallets as operators raise their wallet limits.

This comes after the Monetary Authority of Singapore (MAS) raised the caps on e-wallets with effect from Dec 15, 2023, said a spokesperson for the regulator.

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