Monetary Authority Of Singapore (MAS) News

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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)

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 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)

BIS's Nexus prototype links Eurosystem, Malaysia and Singapore payment systems

News | Online Payments | 27 Mar 2023

The Bank for International Settlements (BIS) Innovation Hub Singapore Centre has developed the Nexus concept of a multilateral network connecting multiple domestic instant payment systems (IPS).

instant payments, real-time payments, Monetary Authority of Singapore (MAS), PayNow, PromptPay

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)

Tazapay receives MPI licence approval from MAS

News | Payments General | 20 Feb 2023

Singapore-based fintech Tazapay has received in-principle approval for a major payment institution (MPI) licence from the Monetary Authority of Singapore (MAS).

payments , MPI licence, Monetary Authority of Singapore (MAS), fintech, cross-border logistics, ecommerce, merchants, money transfer, payment institution, financial services, e-money, trade finance, B2B payments, digital payments, API

Fiserv receives payment licence from MAS

News | Payments General | 31 Jan 2023

B2B financial marketplace Fiserv has been granted a Major Payment Institution (MPI) licence by the Monetary Authority of Singapore (MAS) for its local operating entity.

MPI licence, payment institution, payments , B2B payments, merchants, acquisition, money transfer, cross-border payments, financial services, ecommerce platform, Monetary Authority of Singapore (MAS)

Payoneer gains Major Payment Institution License in Singapore

News | Payments General | 16 Dec 2022

US-based payments company Payoneer has received in-principle approval as a Major Payment Institution License holder from the Monetary Authority of Singapore (MAS).

Payoneer, payment institution, Monetary Authority of Singapore (MAS), ecommerce, cross-border payments