Revolut Singapore SDIC misclassification corrected.
The page previously stated that Revolut Singapore was an SDIC member with SGD 100,000 deposit insurance. That is incorrect. Revolut Singapore Pte Ltd operates under a Major Payment Institution licence as a Stored Value Facility (SVF) issuer; customer balances are not eligible for SDIC deposit insurance. Funds are safeguarded at custodian banks (Citibank and others) under MAS safeguarding rules — a different protection model with different recovery mechanics. The review has been rewritten to classify Revolut Singapore correctly as an SVF and to explain the safeguarding chain in plain language.