Contract Act (Cap. 53): Primary legislation governing contract formation, validity, and enforcement in Singapore, including basic principles of offer, acceptance, consideration, and contractual obligations
Electronic Transactions Act: Governs electronic contracts and digital signatures, providing legal recognition for electronic transactions and payment methods
Payment Services Act 2019: Regulates payment systems and payment service providers, ensuring security and reliability of payment transactions
Payment and Settlement Systems (Finality and Netting) Act: Provides legal certainty for payment settlement systems and protects settlement finality
Banking Act (Cap. 19): Regulates banking institutions and their operations, including payment processing and financial services
Currency Act: Governs legal tender and currency matters in Singapore
Sale of Goods Act: Regulates contracts relating to the sale of goods and associated payment terms
Unfair Contract Terms Act: Restricts the extent to which civil liability for breach of contract can be avoided through contract terms
Civil Law Act: Contains provisions regarding interest rates and other civil matters affecting payment terms
Rules of Court: Procedural rules for enforcing payment obligations through the court system
Limitation Act: Sets time limits for bringing legal claims, including claims for payment
Consumer Protection (Fair Trading) Act: Protects consumer interests in commercial transactions, including payment terms and conditions
Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act: Contains anti-money laundering provisions affecting payment processing and reporting requirements
MAS Notice 626: Guidelines from Monetary Authority of Singapore on anti-money laundering and countering the financing of terrorism requirements
