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- Learn more about the state of the electronic payments eco-system in Singapore, and MAS' strategies and initiatives to make Singapore an e-payments society. Electronic payments (e-payments) have been around for many years, from the introduction of GIRO in 1984, to FAST and e-wallets for mobile phones today. E-payments are a convenient alternative to the use of cash and cheques as payment modes. They offer consumers a swift and efficient way to pay, and help businesses to enhance productivity. As part
- PDPC
- Commission's Decisions
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- PERSONAL DATA PROTECTION COMMISSION Case Nos.: DP-1904-B3721 [2020] SGPDPC 5 In the matter of an investigation under section 50(1) of the Personal Data Protection Act 2012 And Royal Caribbean Cruises (Asia) Pte. Ltd. … Organisation DECISION 1 -------- Royal Caribbean Cruises (Asia) Pte. Ltd. [2020] SGPDPC 5 Tan Kiat How, Commissioner — Case No. DP-1904-B3721 4 February 2020 Introduction 1 On 14 April 2019, Royal Caribbean Cruises (Asia) Pte
- PDPC
- Commission's Decisions
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- A financial penalty of $16,000 was imposed on Royal Caribbean Cruises (Asia) for failing to put in place reasonable security arrangements to protect the personal data of its customers. The personal data was subjected to a ransomware attack. Click here to find out more. PERSONAL DATA PROTECTION COMMISSION Case Nos.: DP-1904-B3721 [2020] SGPDPC 5 In the matter of an investigation under section 50(1) of the Personal Data Protection Act 2012 Royal Caribbean Cruises (Asia) Pte. Ltd.
- MAS
- Speeches
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- Mr François Villeroy de Galhau, Governor, Banque de France, distinguished guests, ladies and gentlemen, good morning. I thank Banque de France for the opportunity to share my thoughts at this Lecture. Both France and Singapore are mature economies, enjoying a high per capita income but reaching the limits of growth through increases in factor inputs. If we are to continue growing and enrich the lives of our citizens, it must be through innovation. And if we are to spread the benefits of growth, innovation
- MAS
- Media Releases
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- Singapore, 11 November 2019… The Monetary Authority of Singapore (MAS) and Infocomm Media Development Authority (IMDA) today announced the successful completion of its Business sans Borders (BSB) Phase One Proof-of-Concept See the MAS-IMDA media release, “Business sans Borders – A collaborative AI-driven global solutions hub to foster SME digitalisation” at this link: https://ww.mas.gov.sg/news/media-releases/2018/business-sans-borders (POC). MAS and IMDA will proceed with the Phase Two Pilot of
- MAS
- Macroeconomic Reviews
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- -------- Volume V, Issue 1 April 2006 Economic Policy Department Monetary Authority of Singapore -------- ISSN 0219-8908 Published in April 2006 Economic Policy Department Monetary Authority of Singapore http://www.mas.gov.sg All rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanised, photocopying, recording or otherwise, without the prior written permission of the copyright owner except
- PDPC
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- PUBLIC CONSULTATION ISSUED BY THE PERSONAL DATA PROTECTION COMMISSION PROPOSED BUSINESS OPERATION OF THE DO NOT CALL REGISTRY 15 May 2013 -------- PART I: INTRODUCTION AND OVERVIEW ............................................................. 3 1 2 Introduction ........................................................................................... 3 Overview of the PDPA: Data Protection Provisions and Do Not Call Provisions.......................................
- MAS
- Media Releases
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- Singapore, 2 May 2019… The Bank of Canada and the Monetary Authority of Singapore (MAS) have conducted a successful experiment on cross-border and cross-currency payments using central bank digital currencies. This is the first such trial between two central banks, and has great potential to increase efficiencies and reduce risks for cross-border payments. 2 Cross-border payments today are often slow and costly. They rely on a correspondent banking network that is subject to counterparty risk,
- MAS
- Media Releases
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- Singapore, 24 August 2018… The Monetary Authority of Singapore (MAS) and Singapore Exchange (SGX) today announced a collaboration to develop Delivery versus Payment (DvP) 1 capabilities for settlement of tokenised assets across different blockchain platforms. This will allow financial institutions and corporate investors to carry out simultaneous exchange and final settlement of tokenised digital currencies and securities assets, improving operational efficiency and reducing settlement risks. 2
- MAS
- Speeches
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- Good morning! Welcome to the Singapore FinTech Festival and the Singapore Week of Innovation and TeCHnology 2020! We meet in extraordinary circumstances. COVID-19 has taken more than a million lives and disrupted the global economy. Across the world, technology and innovation played a crucial role in helping peoples and businesses respond to the crisis. Similarly, they will prove critical in curtailing the pandemic and boosting economic recovery. COVID-19 has made us reassess what the global future