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- MAS
- Media Releases
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- Singapore, 15 September 2022… Mr Lawrence Wong, Deputy Prime Minister and Minster for Finance, and Monetary Authority of Singapore (MAS) Deputy Chairman, launched the Financial Services Industry Transformation Map (ITM) 2025 today. The ITM 2025 lays out the growth strategies to further develop Singapore as a leading international financial centre in Asia – to connect global markets, support Asia’s development, and serve Singapore’s economy. 2. MAS projects the financial sector to grow by an average
- MAS
- Speeches
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- Mr Yawar Shah, Chairman, SWIFT Mr Gottfried Leibbrandt, CEO, SWIFT ladies and gentlemen, good afternoon. A Revolution in Communications “What hath God wrought?" read the first telegraphic message sent by Samuel Morse on 24th May, 1844. The telegraph marked a revolution in communications at the time. Transatlantic telegraph cables cut communications between America and Europe from about 10 days – the time it took for steam ships to sail across the Atlantic – to a matter of minutes. In fact, the mid
- MAS
- Letters to Editor
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- Dear Editor, We refer to recent forum letters discussing the impact of digitalisation on seniors. While some like Mr Jeffrey Law spoke about the benefits of technology (‘Seniors need to embrace technology to lead independent lives’, 10 Dec), we also empathise with seniors like Ms Chan Mei Mei (‘Stressed and left out by strong push towards e-payments’, Dec 30). We believe digitalisation can benefit everyone. It makes Government services more accessible, convenient, and safe. It has also served us
- MAS
- Parliamentary Replies
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- QUESTION NO 3413 NOTICE PAPER 1965 OF 2020 FOR WRITTEN ANSWER Date: For Parliament Sitting on 3 February 2020 Name and Constituency of Member of Parliament Miss Cheryl Chan Wei Ling, MP, Fengshan SMC Question: To ask the Prime Minister (a) what is the current financial literacy of adults in Singapore and what has been the trend in the past decade; (b) what has been done to increase financial literacy; and (c) whether a national framework is in place to measure the impact of digital finance on businesses
- MAS
- Media Releases
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- Singapore, 26 April 2021… The Monetary Authority of Singapore (MAS) today launched a report on the foundational digital infrastructure necessary for an inclusive digital economy and seamless cross-border transactions around the world. 2. The rapid growth of digital solutions has helped enhance the economic and social well-being of millions of people around the world. However, digital inclusion and inter-operability across solutions remain as challenges. The report notes that foundational digital
- MAS
- Media Releases
Last revised date:
- Singapore, 26 April 2021… The Monetary Authority of Singapore (MAS) today launched a report on the foundational digital infrastructure necessary for an inclusive digital economy and seamless cross-border transactions around the world. 2. The rapid growth of digital solutions has helped enhance the economic and social well-being of millions of people around the world. However, digital inclusion and inter-operability across solutions remain as challenges. The report notes that foundational digital
- MAS
- Media Releases
Last revised date:
- Bali, 14 November 2022… Bank Indonesia (BI), Bank Negara Malaysia (BNM), Bangko Sentral ng Pilipinas (BSP), Monetary Authority of Singapore (MAS), and Bank of Thailand (BOT) have agreed to strengthen and enhance cooperation on payment connectivity to support faster, cheaper, more transparent, and more inclusive cross-border payments. A Memorandum of Understanding (MOU) on Cooperation in Regional Payment Connectivity (RPC) was signed on 14 November 2022 in Bali, Indonesia, on the sidelines of the
- MAS
- Media Releases
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- Singapore, 16 November 2017…The Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) today awarded 10 FinTech companies a total of S$1.15 million at the FinTech Awards. 2 Reflecting the growth in the FinTech ecosystem, this year’s winning solutions span multiple business areas, such as digital advisory, investment analytics, blockchain-based biometrics, and e-payments. Deputy Prime Minister and Chairman, MAS, Mr Tharman Shanmugaratnam, and ABS Vice-Chairman, Mr
- MAS
- Parliamentary Replies
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- QUESTION NO 3573 NOTICE PAPER 1435 OF 2022 FOR WRITTEN ANSWER Date: For Parliament Sitting on 20 October 2022 Name and Constituency of Member of Parliament Mr Gan Thiam Poh, MP, Ang Mo Kio GRC Question: To ask the Prime Minister (a) how many Singaporeans and permanent residents have registered for PayNow, Scan and Pay or similar cashless payment platforms that are currently available in the market; (b) what is the average percentage use of each of these platforms since their launch; (c) how many
- MAS
- Notices
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- Information merchant banks must include in the required fact sheet to borrowers before granting a residential property loan. This notice applies to all merchant banks in Singapore. Merchant banks are required to provide and explain a fact sheet to borrowers stating key information such as the tenure of the residential property loan, loan amount and repayment schedule. This notice outlines the information to include in the fact sheet and how it should be delivered and explained to the borrower through