MAS and the Reserve Bank of India announced plans to link Singapore’s PayNow and India’s Unified Payments Interface (UPI) real-time payment systems by July 2022.
FinTech and Innovation
MAS has announced a $125 Million support package for the financial and FinTech sectors to deal with the immediate challenges from COVID-19 and position strongly for the recovery and future growth. MAS also launched a $6 Million MAS-SFA-AMTD FinTech Solidarity Grant to help Singapore-based FinTechs sustain operations, retain staff, and offset POC costs.
19% Y-o-Y increase
in FinTech investments for H1 2020
Grants for Innovation
Get funding on proof-of-concepts, hiring, business development and more.
World’s first open architecture platform for financial institutions to easily discover FinTechs, quickly design prototypes and rapidly deploy solutions.
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.
Understand the various initiatives for technology solutions and projects in Green Finance.
An industry collaboration exploring the use of Blockchain and Distributed Ledger Technology (DLT) for Central Bank Digital Currency.
Singapore FinTech Festival
The world’s largest FinTech festival for the global FinTech community to connect, collaborate and co-create.
Sandbox relaxes specific regulatory requirements to enable live experiments of innovation within boundaries.
Business sans Borders
A collaborative AI-driven global solutions hub to foster SME digitalisation.
Understand more about MAS’ payment initiatives like SGQR, FAST, PayNow and UPOS.
Keynote Address by Mr Heng Swee Keat, Deputy Prime Minister and Coordinating Minister for Economic Policies, at the Official Launch of the Asian Institute of Digital Finance (AIDF) on 3 September 2021
The Monetary Authority of Singapore (MAS) announced today the 15 finalists for the global competition to develop retail Central Bank Digital Currency (CBDC) solutions (Global CBDC Challenge).
The Singapore FinTech Festival (SFF) will take place from 8 to 12 November, as a hybrid digital and physical event. MAS has also set up Elevandi, a company limited by guarantee, to spearhead future growth of the SFF and lead a series of new initiatives to provide year-round engagement with the global FinTech community.
The Bank for International Settlements Innovation Hub Singapore Centre and MAS have published a proposed blueprint for enhancing global payments network connectivity via multilateral linkages of countries’ national retail payment systems.