As a wallet app, Paywho Pte Ltd allows customers to top up money into their accounts and use it to make purchases for goods and services. The company is incorporated in Singapore as a limited liability company.Paywho Pte Ltd has obtained an exemption from the Monetary Authority of Singapore (MAS) from holding a license under the Payment Services Act 2019 (PSA). This exemption allows Paywho to provide payment services without the need for a license for a specified period of time, as regulated by the Payment Services Act (Exemption for Specified Period) Regulations 2019.By obtaining this exemption, Paywho Pte Ltd is able to legally provide its wallet app services to customers in Singapore without the need for a license under the PSA.

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