COVID-19 Support Package for FinTechs

MAS announced a $125 Million support package on 8 April 2020 for the financial and FinTech sectors to deal with the immediate challenges from COVID-19 and position strongly for the recovery and future growth. The measures will support our workers, enhance operational readiness and resilience, accelerate digitalisation and boost capabilities across the sectors. [Download infographic]

MAS jointly launched a S$6 million MAS-SFA-AMTD FinTech Solidarity Grant on 13 May 2020 to help Singapore-based FinTech firms maintain their operations and retain their employees, as well as enable them to continue to innovate in partnership with financial institutions and create opportunities for growth. [Download infographic (1.72 MB)]

We have compiled the list of initiatives for FinTechs below.

Support for Manpower Costs

Support for Operational Costs

Support for Access to Business Opportunities

Support for Proof-of-Concept (POC)

For enquiries, please write to fintech_office@mas.gov.sg