Why Singapore
Singapore offers financial institutions a pro-business and cost-competitive environment, excellent infrastructure, and a highly skilled and cosmopolitan labour force. Find out what makes Singapore a leading global financial centre.
Financial Services Industry Transformation Map 2025
How MAS Supports You
The financial sector is an integral part of Singapore’s ambition to be a Smart Nation. Find out how MAS is creating a Smart Financial Centre through FinTech and Innovation here.
Singapore FinTech Festival
The world's largest FinTech festival for the global FinTech community to connect, collaborate and co-create.
Grants for Innovation
Get funding on proof-of-concepts, hiring, business development and more.
Regulatory Sandbox
Sandbox relaxes specific regulatory requirements to enable live experiments of innovation within boundaries.
Green FinTech
Understand the various initiatives for technology solutions and projects in Green Finance.
Central Bank Digital Currency
Unlocking new possibilities for the future of money and payments via CBDC.
Digital Assets
Technological advances and the rapid digitalisation of the economy are unlocking new possibilities for the future of financial services, one of which is Digital Assets.
E-Payments
Understand more about MAS' payment initiatives like SGQR, FAST, PayNow and UPOS.
Business sans Borders
A collaborative AI-driven global solutions hub to foster SME digitalization.
SG FinDex
World's first to use a national digital identity and centrally managed online consent system for secure access to financial data from private and public sectors.
MAS works closely with tripartite partners to build a skilled and adaptable Singapore workforce in finance. Financial institutions can get support for hiring and training (2.04 MB) as well as support for workforce transformation, while finance professionals can tap on funding for skills and career development (804 KB).
Click here to find out more.
Support Measures for Covid-19
Read more about the measures by the MAS, Association of Banks in Singapore, the Life Insurance Association, the General Insurance Association and the Finance Houses Association of Singapore to help individuals and SMEs affected by the COVID-19 pandemic.
MAS has announced a $125 Million support package for the financial and FinTech sectors to sustain and strengthen capabilities. This will position financial institutions and FinTech firms for stronger growth when the threat of COVID-19 recedes and economic activity normalises.
What's New
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MAS Launches Coalition and Announces Pilots to Develop Transition Credits for the Early Retirement of Asia’s Coal Plants
MAS announced the launch of the Transition Credits Coalition (TRACTION) and two pilot projects to test the use of high-integrity transition credits in transactions for the early retirement of coal-fired power plants.
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MAS Launches World’s First Multi-Sector Transition Taxonomy
MAS launched the Singapore-Asia Taxonomy for Sustainable Finance (Singapore-Asia Taxonomy) – which sets out detailed thresholds and criteria for defining green and transition activities that contribute to climate change mitigation across eight focus sectors.
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Singapore FinTech Festival 2023 Attracts Record 66,000 Participants
The eighth edition of the Singapore FinTech Festival came to a close on 17 November 2023, drawing a record 66,000 participants, up from 62,000 attendees in 2022.
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Consultation Paper on Proposed Regulatory Measures for Digital Payment Token Services
This consultation paper sets out proposed regulatory measures for licensees and exempt payment service providers that carry on a business of providing a digital payment token service under the Payment Services Act 2019.
- Consultation number:
- P008 - 2022
- Start date:
- 26 October 2022
- Closing date:
- 21 December 2022
- MAS response date:
- 23 November 2023
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Launch of Cross-border Real-time Payment Systems Connectivity between Singapore and Malaysia
MAS and Bank Negara Malaysia have jointly launched the real-time payment systems linkage between Singapore’s PayNow and Malaysia’s DuitNow.