Monetary Authority of Singapore

The “real-time payment linkage” between India’s Unified Payments Interface and Singapore’s PayNow is an initiative to push a UPI-based payment ecosystem. Photo: Twitter/@MAS_sg The story so far: On February 21, India’s Unified Payments…

With the integration of these two payment systems, the Centre believes that it would allow residents of both countries to send cross-border remittances more quickly and cheaply. (Representational image/Twitter)Prime Minister Narendra Modi…

SEA Group, which owns Shopee and Garena, is also making its foray into the digital banking market with MariBank. Some pilot programmes have been launched for its Singapore employees, said SEA Group chief corporate officer Yanjun Wang, but…

SINGAPORE: Cryptocurrency exchange FTX was not placed on the Monetary Authority of Singapore’s (MAS) investor alert list as it was not actively soliciting users in Singapore, the authority said on Monday (Nov 21). In a statement addressing…

Bank Indonesia, Bank Negara Malaysia, Bangko Sentral ng Pilipinas, Monetary Authority of Singapore, and Bank of Thailand have agreed to strengthen and enhance cooperation on more inclusive cross-border payments. A Memorandum of…

SINGAPORE: Customers will not be able to chalk up more than S$2,000 in outstanding payments with a “buy now, pay later” (BNPL) provider, unless they pass an additional credit assessment which will consider details such as income and credit…

HOW TO INVEST So how should one go about approaching the Singapore Savings Bonds?  Mr Chan said bonds and lower-risk investment products largely act as “stabilisers” in an investment portfolio. While different instruments offer varying…

THE WINNERS AND THE LOSERS OF A STRONGER SINGDOLLAR? An appreciation in the Singdollar against most currencies means that for those drawing up travel plans to destinations such as Europe or Japan, the exchange rates will be in their…

SINGAPORE: The Monetary Authority of Singapore (MAS) recorded a loss of S$7.4 billion in the last financial year, with lower investment gains on the country’s foreign reserves and as the Singapore dollar appreciated. MAS managing director…

Singapore’s central bank tightened monetary policy on Thursday (July 14), claiming that this move would decrease inflation as the city-state joins other countries in attempting to combat rising price pressures. Following…