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HitPay to secure MPI licence in Singapore

News | Payments General | 26 Feb 2024

Singapore-based commerce platform for SMEs HitPay has secure in-principle approval for an MPI licence from the Monetary Authority of Singapore.

MPI licence, expansion, payments , compliance

Singapore and China expand financial cooperation

News | Online & Mobile Banking | 07 Dec 2023

The Monetary Authority of Singapore (MAS) has announced additional digital finance and capital markets proposals to expand its financial cooperation with China.  

online banking, green finance, trade finance, digital banking, remittances

MAS and BNM launch cross-border real-time payment tool

News | Online & Mobile Banking | 20 Nov 2023

The Monetary Authority of Singapore and Bank Negara Malaysia have partnered to launch a cross-border real-time payment system connectivity between PayNow and DuitNow.

partnership, product launch, cross-border payments, cross-border ecommerce, P2P, P2P payments, ecommerce, banking, financial services, financial institutions

Indonesia, Singapore launch cross-border QR payment linkage

News | Mobile Payments | 20 Nov 2023

Bank of Indonesia (BI) and the Monetary Authority of Singapore (MAS) have announced the launch of the cross-border quick response (QR) payment linkage between Indonesia and Singapore.

QR code, QR payments, product launch, cross-border payments, cross-border ecommerce

Temenos collaborates with MAS

News | Online & Mobile Banking | 17 Nov 2023

Switzerland-based Temenos has announced a partnership with Gprnt, the Monetary Authority of Singapore’s (MAS) new integrated digital platform.

partnership, digital banking, ESG, carbon footprint, KYC, sustainability

MAS is working with the financial industry to support asset tokenization

News | Cryptocurrencies | 16 Nov 2023

The Monetary Authority of Singapore (MAS) has disclosed its collaboration with the financial industry to advance initiatives related to asset tokenization.

digital assets, tokenization, partnership, product launch

BIS and three central banks test cross-border wholesale CBDCs

News | Payments General | 28 Sep 2023

The Bank for International Settlements (BIS) and the central banks of France, Singapore, and Switzerland have successfully tested cross-border wholesale CBDCs.

partnership, CBDC, cross-border payments, banks, financial institutions, FX , wholesale banking, blockchain, payments infrastructure, tokenization, digital currency

Payoneer Singapore receives a MPI licence from the MAS

News | Payments General | 16 Aug 2023

Payoneer’s subsidiary in Singapore has received a Major Payment Institution licence from the Monetary Authority of Singapore (MAS).

payments , regulation, MPI licence, expansion

MAS reveals main features of its stablecoin regulatory framework

News | Cryptocurrencies | 16 Aug 2023

The Monetary Authority of Singapore has revealed the main features a regulatory framework that aims to ensure value stability for stablecoins.

cryptocurrency, stablecoin, regulation, digital currency

TerraPay receives in-principle approval from the MAS

News | Payments General | 09 Aug 2023

UK-based payments infrastructure company TerraPay has received in-principle approval for an MPI licence from the Monetary Authority of Singapore.

MPI licence, payments , expansion, payments infrastructure

Tazapay secures MPI licence from MAS

News | Payments General | 03 Aug 2023

Singapore-based fintech Tazapay has secured a Major Payment Institution (MPI) licence from the Monetary Authority of Singapore (MAS).

MPI licence, regulation, cross-border payments, payments , compliance, fintech, paytech

UK and Singapore further sustainable finance and fintech cooperation

News | Online & Mobile Banking | 28 Jul 2023

HM Treasury and the Monetary Authority of Singapore (MAS) have held the UK – Singapore Financial Dialogue to identify collaboration opportunities in sustainable finance and fintech.

partnership, banking, fintech, sustainability , green finance, regulation, ESG, digital assets, cryptocurrency, CBDC, e-wallet, stablecoin, tokenization

Finmo gets In-Principle Approval for Major Payment Institution license from MAS

News | Payments General | 07 Jul 2023

Finmo has announced its Singapore launch plans after receiving In-Principle Approval for a Major Payment Institution license from the Monetary Authority of Singapore.

money transfer, digital payments, MPI licence, expansion, real-time payments

Singapore introduces new measures to safeguard crypto assets

News | Cryptocurrencies | 05 Jul 2023

The Monetary Authority of Singapore has unveiled a new set of measures meant to separate and safeguard the cryptocurrency assets of customers.

regulation, cryptocurrency, digital assets, blockchain, Monetary Authority of Singapore (MAS)

Ripple obtains in-principle approval from the MAS

News | Cryptocurrencies | 22 Jun 2023

The Singapore subsidiary of US-based blockchain company Ripple has obtained in-principle regulatory approval from the Monetary Authority of Singapore.

cryptocurrency, regulation, compliance, blockchain

MAS to launch an information-sharing platform for banks in Singapore

News | Digital Identity, Security & Online Fraud | 10 May 2023

The Parliament of Singapore has passed a bill that will facilitate the launch of an information-sharing platform for banks.

Monetary Authority of Singapore (MAS), regulation, fraud prevention, financial institutions

Singapore to help banks investigate potential crypto clients

News | Cryptocurrencies | 06 Apr 2023

Singapore authorities have revealed their intentions to investigate service providers from the digital asset sector looking to open a bank account.

digital assets, banks, compliance, cryptocurrency, risk management

Singapore and Malaysia launch cross-border QR code payment links

News | Mobile Payments | 03 Apr 2023

The Monetary Authority of Singapore (MAS) and Bank Negara Malaysia (BNM) have rolled out a a cross-border QR code payment link.

QR payments, QR code, cross-border payments, online payments, Monetary Authority of Singapore (MAS)

Singapore urges vigilance to money laundering and terrorist financing risks

News | Digital Identity, Security & Online Fraud | 17 Mar 2023

The Monetary Authority of Singapore has urged financial institutions to remain vigilant to money laundering and terrorism financing risks.

AML, fraud prevention, money laundering, Monetary Authority of Singapore (MAS)