Tag: monetary authority of singapore
BIS takes step to standardise global instant payments
The Bank for International Settlements (BIS) and partners have announced they are moving toward phase four of Project Nexus, standardising the way domestic IPS...
MAS launches ‘first’ centralised platform to combat fraud
The Monetary Authority of Singapore (MAS) has launched COSMIC, a centralised digital platform to allow sharing of customer information to combat several types of...
DBS Chief takes 30% pay cut for disruptive outages
DBS has announced that its Chief Executive Officer Piyush Gupta is set to take a 30% pay cut for a series of disruptive outages...
Coinbase certified as Payment Institution in Singapore
Coinbase has been granted a Major Payment Institution (MPI) licence by the Monetary Authority of Singapore (MAS). The crypto exchange and its Singapore division have...
ASEAN countries boost efforts to increase international trade
Singapore and the Philippines have once again expressed their commitment to cooperation as they look to collaborate in upgrading their payment systems. The Bagko Sentral...
Payoneer achieves MPI certification in Singapore
Payoneer Global’s fintech subsidiary in Singapore has been awarded a Major Payment Institution licence from the Monetary Authority of Singapore (MAS). With the licence, Payoneer...
MAS updates crypto recommendations in latest Singapore report
Singapore is one step closer to effectively integrating crypto assets into its local economy according to the latest report from the country’s monetary authority. MAS,...
Singapore fines three banks over Wirecard dealings
Three banks and an insurer have been fined in Singapore in connection to past dealings with the now-defunct German fintech Wirecard. DBS, Citibank, and OCBC...
Circle Singapore granted Major Payment Institution licence by local authorities
Payments provider Circle has received its Major Payment Institution (MPI) licence from the Monetary Authority of Singapore (MAS).The licence will allow the fintech to...
Volopay gets approved for MPI accreditation in Singapore
Payments firm Volopay has been given an in-principle approval (IPA) by the Monetary Authority of Singapore (MAS), recognising it as a major payment institution...
