Monetary Authority of Singapore

This week in finance: TenPay Global CEO on interoperable payments; tap-to-pay service roll-outs

OCBC and Vietnam separately strengthen their QR payment ties with China.
3 days ago

MAS expands Ripple’s scope of payment activities in Singapore

Ripple uses digital payment tokens to offer end-to-end payment solutions.

MAS cracks down on influencers promoting financial products

Seemingly educational content or advice can cross into regulated territory.

Singapore and Japan renew bilateral swap arrangement

They can exchange local currencies of up to S$15b or JPY1.1t.

Why banks must act fast on quantum threat

The financial cost of delay would be roughly 2.5% of the information technology budget.

Finance leaders flag governance risks with fast growing fintech systems

Finance leaders discuss macroeconomics, AI, new forms of money, policy sustainability, and more.

Tokenisation, cyber threats top agenda at Singapore FinTech Festival Day 2

MAS unveils pilot for tokenised MAS Bills as leaders warn of rising AI-enabled cyber risks.

MAS completes live trial of interbank lending using wholesale CBDC

SGD Testnet enables financial institutions to settle tokenised financial assets using wholesale CBDC.

Five takeaways from day 1 of the Singapore Fintech Festival

Tokenisation emerges as a key driver of future digital money systems.

Singapore pursues digital economy ties with ASEAN and global blocs: DPM

DPM Gan also said Singapore is focusing especially on financial services to stay globally relevant.

MAS, banks move to address PayNow surcharge amid fee concerns

Singapore’s central bank says banks must ensure transparency as it reviews surcharges on PayNow.

Singapore and Hong Kong enhance banking supervision cooperation

It enhances supervision of cross-border operations of banks under their purview.

QCP Trading granted major payment institution licence in Singapore

It can now offer spot DPT trading services to institutional clients.

Singapore, Brunei establish reciprocal cross-border collateral arrangement

This will allow them to accept a wider range of collateral in their facilities.

TransferMate clinches MAS approval to add payment services

This expands its existing suite of products in Singapore to include storing funds.

Singapore banks’ interest income expected to come weaker in Q2

Net interest margins of the 3 banks are expected to compress by 5-7 basis points.