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- MAS
- Media Releases
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- Singapore, 21 November 2022… The Monetary Authority of Singapore (MAS) would like to address some questions and misconceptions that have arisen in the wake of the FTX.com (FTX) debacle. 2. A first misconception is that it was possible to protect local users who dealt with FTX, such as by ringfencing their assets or ensuring that FTX backed its assets with reserves. MAS cannot do this as FTX is not licensed by MAS and operates offshore A further misconception is that if Singapore investors’ assets
- MAS
- Consultations
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- This consultation paper seeks views on IMDA’s and MAS’ proposals to: (i) introduce a set of guidelines to set out MAS’ expectations on all Relevant Merchant Acquirers through their participation in the Singapore Quick Response Code Scheme (“SGQR”); (ii) introduce a fee structure model for SGQR Members; and (iii) conduct regular batched onboarding exercises for merchant acquirers who wish to join SGQR. Response Response to Feedback Received on Strengthening Participation in SGQR (757 KB) Guidelines
- MAS
- Media Releases
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- NETS-DuitNow QR is now connected: Travellers can scan merchant QR codes to make payments between Singapore and Malaysia Person-to-person (P2P) fund transfers will be ready by year-end Singapore/Malaysia, 31 March 2023… The Monetary Authority of Singapore (MAS) and Bank Negara Malaysia (BNM) today launched a cross-border QR code payment linkage between Singapore and Malaysia. This payment linkage will allow customers of participating financial institutions Participants from Singapore are DBS Bank
- MAS
- Economic Essays
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- By Ivan Png and Charmaine Tan This study was published as Special Feature C in the April 2020 Macroeconomic Review. Special Features 109 Special Feature C Privacy, Trust in Banks, and Use of Cash Ivan Png and Charmaine Tan1 1 Introduction In China, street vendors, buskers, and even beggars accept electronic payments (Jenkins, 2018). By contrast, six of ten Tokyo restaurants require payment in cash (Lewis, 2019). Worldwide, the share of retail transactions
- MAS
- Speeches
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- Ladies and gentlemen, 1 Welcome to the world’s largest FinTech festival. a) Our Festival is getting bigger. This year, we have about 40,000 participants – one-third more than last year. b) This year, we also hope that we’ve made your experience better – richer in content, and even higher in quality. c) We have also put greater focus on issues that will interest you more – ASEAN, Financial Inclusion, AI in finance. Encouraging Signs in Our Young FinTech Journey 2 FinTech is relatively new
- MAS
- Recent Economic Developments
Last revised date:
- This is a quarterly brief which aims to provide a quick pictorial summary of recent economic developments in the Singapore economy. RECENT ECONOMIC DEVELOPMENTS IN SINGAPORE 7 Real Sector Real GDP Growth, y-o-y % Real GDP Growth, q-o-q saar % Index of Industrial Production, y-o-y % Non-oil Domestic Exports, y-o-y % 7 June 2019 2018 Q4 Full Year Q2 4.2 0.7 10.6 9.3 Q3 2.6 0.8 3.5 8.0 1.3 0.8 4.6 1.1 2019 Q1 1.2 3.8 0.3
- MAS
- Media Releases
Last revised date:
- Singapore, November 16, 2017—IFC, a member of the World Bank Group, the Monetary Authority of Singapore (MAS) and the ASEAN Bankers Association (ABA), today introduced, an industry FinTech sandbox for financial institutions and FinTech firms as part of the ASEAN Financial Innovation Network (AFIN), at the sidelines of the 2017 Singapore FinTech Festival . AFIN aims to support financial services innovation and inclusion in less developed markets within the ASEAN region and to provide a platform for
- MAS
- Media Releases
Last revised date:
- Singapore, 31 October 2022… The seventh edition of the Singapore FinTech Festival (SFF) kicks off today as an in-person event from 31 October to 4 November. Organised by the Monetary Authority of Singapore (MAS) and Elevandi Elevandi is a not-for-profit entity set up by the MAS to connect people and businesses, ideas and insights in the FinTech sector in Singapore and globally. , the theme of SFF 2022 is ‘Building Resilient Business Models amid Volatility and Change’ . 2. SFF 2022 will see more than
- MAS
- Recent Economic Developments
Last revised date:
- This is a quarterly brief which aims to provide a quick pictorial summary of recent economic developments in the Singapore economy. RECENT ECONOMIC DEVELOPMENTS IN SINGAPORE Real Sector Real GDP Growth, y-o-y % Real GDP Growth, q-o-q saar % Index of Industrial Production, y-o-y % Non-oil Domestic Exports, y-o-y % Q2 2.8 2.8 8.4 3.0 9 March 2018 2017 Q3 5.5 11.2 19.1 7.6 Q4 3.6 2.1 5.0 10.4 Full Year 3.6 - 10.1 8.8 Q1
- MAS
- Forms and Templates
Last revised date:
- Form for payment service providers to notify the Monetary Authority of Singapore of material changes to its structure and operations. If you also need to amend contact details for licence fees or MASNET billing matters, please submit this form . Submissions must be made via the online form here . Please note that a CorpPass ID is required. If the notification is being submitted using a CorpPass not belonging to the licensee, a scanned, signed copy of the Declaration document below must be attached