List of Licensed Crypto Services Providers in Singapore
WEBJan 25, 2024 · Singapore’s Payment Services Act licensing framework for payment service providers, Source: Deloitte, 2019 . Since the PS Act came into effect on January 28, 2020, the Monetary Authority of Singapore (MAS) has received over 580 applications for payment services licenses and completed the review of more than half of them, MAS board member Alvin Tan said on April 4, 2022.
Fintech in Singapore: 2021 in Review - Fintech Singapore
WEBDec 22, 2021 · In Southeast Asia, fintech companies received a record-breaking US$3.5 billion, three times the amount raised last year, according to the Fintech in ASEAN 2021: Digital Takes Flight report by the United Overseas Bank (UOB), PwC and the Singapore Fintech Association. Of that amount, 44% or US$1.6 billion was secured by Singaporean fintech companies.
Fintech Singapore Digital Finance News - FintechNewsSG
WEBFintech News Singapore India InsurTech DBS in Early Talks for Insurance Collaborations in India, Taiwan By Fintech News SingaporeSeptember 11, 2024 DBS Group Holdings is in early discussions to expand its insurance offerings in India and Taiwan through new bancassurance partnerships, according to people with knowledge of the matter. The Singapore-based lender has turned to
MAS Threatens Supervisory Action if Banks Exceed 4 Hours of …
WEBJul 6, 2022 · It requires banks to be able to recover systems supporting critical banking services such as fund transfers and payments services within four hours following any disruption. In addition, the total unscheduled downtime for each critical system must not exceed four hours within any 12-month period. MAS …
Digital Treasures Center Gets In-Principle Approval for Digital …
WEBMar 16, 2022 · The Monetary Authority of Singapore (MAS) has granted in-principle approval to Digital Treasures Center (DTC), a payment company based on distributed ledger technology.
Top 10 Most Well-Funded Fintech Companies in Singapore in 2022
WEBOct 11, 2022 · The company, which serves customers such as Activision Blizzard, Tinder, Riot Games and Krafton, Coda Payments has raised US$715 million in funding and is valued at US$2.5 billion, according to data from CB Insights and Dealroom. Coda Payments’ latest round was a US$690 million secured in April 2022.
Riding the Wave: Asia Payments Trends Show Digital Payments on …
WEBAug 22, 2024 · According to The Banker, as of July 2023, the number of users of QR payment apps in Singapore, Malaysia and Indonesia reached almost 1 million people. By 2025, the number of QR payment apps is expected to grow by 78%, securing more than 1.77 million users. However, QR payments are still nascent in the region compared to other types of digital ...
Singapore’s First Wholesale Digital Bank GLDB Goes Live
WEBJun 3, 2022 · The Green Link Digital Bank (GLDB), one of the winners of Singapore’s digital banking licenses, has officially commenced its operations. The consortium behind GLDB comprising Greenland Financial Holdings and Linklogis Hong Kong was awarded one of the two digital wholesale bank licenses by the Monetary Authority of Singapore (MAS) in December 2020. ...
Project Ubin: Exploring Singapore’s Digital Currency Project
WEBJun 21, 2021 · Project Ubin draws from the experience of Project Jasper, a similar project that was launched in Canada in 2016. MAS and BoC eventually joined forces and linked their respective experimental domestic payment networks. In May 2019, they announced a successful experiment on cross-border and cross-currency payments using CDBCs.
5 Things to Know About SGQR+, Singapore’s Unified Payments QR
WEBJan 16, 2024 · SGQR+ enters the scene as a promising solution to invigorate interoperable open-loop QR payments in Singapore. Its goal is to unify a broad spectrum of payment providers, thus offering a seamless and convenient payments experience for both customers and merchants. By registering with a single acquirer, merchants can now accept multiple payment ...