Experian will facilitate creditworthiness checks for consumers using credit information submitted by all accredited BNPL players in Singapore.
December 1, 2022Phase 1 of Project Orchid explored the concept of purpose-bound digital SGD, bearer instruments that enable senders to specify conditions when making transfers in digital SGD.
November 1, 2022BNPL customers will not be allowed to accumulate more than SGD 2,000 in outstanding payments at any given time.
October 26, 2022Trust Bank has been offering new accountholders a chance to win one of three Tesla cars, where referrals increase the chances of winning.
September 16, 2022GXS Bank will launch a savings account product on 5 September, and expand into wealth and credit products over the coming months.
August 31, 2022ANEXT Bank, wholly owned by Ant Group, will aim to provide digital financial services to MSMEs, particularly those with cross-border operations.
June 7, 2022Green Link Digital Bank, owned by Greenland Group and Linklogis, will seek to address the needs of underserved MSMEs.
June 3, 2022The licence winners include Axiata's Boost Holdings, RHB Bank, Grab-Singtel's GXS Bank, Kuok Brothers, Sea Limited, YTL Digital Capital, AEON, MoneyLion, and KAF Investment Bank.
April 29, 2022The Singapore FinTech Association has formed a working group under MAS guidance to develop a BNPL framework for launch later this year.
March 24, 2022Continued regulatory scrutiny from Chinese and US regulators has reportedly compelled US exchanges to explore IPO hopefuls from India, Indonesia, Vietnam and Malaysia.
December 24, 2021