Showing 4089 Documents for "payment services"
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- MAS
- Media Releases
Last revised date:
- Singapore, 14 September 2021… The Monetary Authority of Singapore (MAS) and the Reserve Bank of India today announced plans to link Singapore’s PayNow and India’s Unified Payments Interface (UPI) real-time payment systems by July 2022. 2. The PayNow-UPI linkage will enable users to make instant, low cost fund transfers directly from one bank account to another between Singapore and India. When implemented, fund transfers can be made from India to Singapore using mobile phone numbers, and from Singapore
- MAS
- Media Releases
Last revised date:
- Singapore, 14 September 2021… The Monetary Authority of Singapore (MAS) and the Reserve Bank of India today announced plans to link Singapore’s PayNow and India’s Unified Payments Interface (UPI) real-time payment systems by July 2022. 2. The PayNow-UPI linkage will enable users to make instant, low cost fund transfers directly from one bank account to another between Singapore and India. When implemented, fund transfers can be made from India to Singapore using mobile phone numbers, and from Singapore
- MAS
- Consultations
Last revised date:
- Response VIEW DOCUMENT Response to Feedback: Draft Regulations for Reporting of Derivatives Contracts (511.8 KB) Consultation Paper VIEW DOCUMENT Consultation Paper on Draft Regulations for Reporting of Derivatives Contracts (367.1 KB) RESPONSE TO FEEDBACK RECEIVED DRAFT REGULATIONS PURSUANT TO THE SECURITIES AND FUTURES ACT FOR THE REPORTING OF DERIVATIVES CONTRACTS 1 1.1 On 26 June 2013, MAS issued a consultation paper inviting comments on the proposed Securities and Futures
- MAS
- Speeches
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- Date: 13 Aug 1998 MEPS: IMPROVING THE HARDWARE OF THE FINANCIAL SECTOR 1 I am pleased to officiate the launch of the MAS Electronic Payment System. With this switch to MEPS, Singapore joins the developed financial markets that have implemented real time gross settlement systems. MEPS is a significant technological improvement to our payments infrastructure, which will further enhance our financial system, in several ways. 2 First, MEPS reduces systemic risk. Since payments are settled on a
- MAS
- Consultations
Last revised date:
- Response VIEW DOCUMENT Response to Feedback Received on Liquidity Coverage Ratio Disclosure Requirements (256 KB) Annex C MAS Notice 651 (403.5 KB) Consultation Paper VIEW DOCUMENT Consultation Paper on Liquidity Coverage Ratio Disclosure Requirements (211.7 KB) RESPONSE TO FEEDBACK RECEIVED December 2015 Response to Feedback Received Liquidity Coverage Ratio (LCR) Disclosure Requirements Monetary Authority Of Singapore 1 -------- Response to Feedback Received Liquidity Coverage
- MAS
- Notices
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Notice 319 Valuation of Policy Liabilities of Life Business [Cancelled with effect from 31 Mar 2020]- Requirements and guidelines on the valuation and reporting of policy liabilities. This notice applies to all insurers licensed to carry on life business, except captive insurers. It sets out: Mandatory requirements on the valuation of policy liabilities relating to the life business. Guidelines on valuation of policy liabilities relating to the life business. Amendment Notes 05 Mar 2020 MAS 319 dated 24 Aug 2004 (416.4 KB) take effect from 31 Mar 2020 22 Apr 2013 Notice 319 (Amendment) 2013 (78.5
- MAS
- Consultations
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- Response VIEW DOCUMENT Response to Feedback: Insurance (Amendment) Bill 2007 on Nomination of Beneficiaries (33.8 KB) Consultation Paper VIEW DOCUMENT Consultation Paper on Insurance (Amendment) Bill 2007 on Nomination of Beneficiaries (84.2 KB) Introduction Effect of marriage and divorce on nominations Some respondents asked if nominations would be revoked by marriage or divorce. On 26 July 2007, MAS issued a consultation paper on the Insurance (Amendment) The consultation
- MAS
- Media Releases
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- Project Dunbar developed two prototypes for a shared platform that could enable international settlements using digital currencies issued by multiple central banks. The platform was designed to facilitate direct cross-border transactions between financial institutions in different currencies, with the potential to cut costs and increase speed. The project identified challenges of implementing a multi-CBDC platform shared across central banks and proposes practical design solutions to address them
- MAS
- Letters to Editor
Last revised date:
- 21 October 2014 The Editor ST Forum Dear Editor, The Monetary Authority of Singapore (MAS) thanks Mr Tan Kin Lian for his views and agrees that the use of electronic payment (e-payment) modes should be encouraged in Singapore (“Cut down on cheque payments”, ST Forum, 16 October 2014). This is why we have been partnering the industry to implement various e-payment initiatives through the years, from GIRO to the recently launched FAST (Fast and Secure Transfers). These initiatives have showed good
- MAS
- Consultations
Last revised date:
- This consultation paper sets out the revised target fund sizes and levies for the PPF Life and PPF General Funds using data from insurance companies as at end 2009, as well as MAS' proposals on the disclosure requirements in relation to the PPF Scheme. Consultation Paper VIEW DOCUMENT Third Consultation Paper on Policy Owners' Protection Fund (238.9 KB) CONSULTATION PAPER P003 - 2011 May 2011 Third Consultation Paper on Policy Owners' Protection Fund -------- THIRD CONSULTATION PAPER