The next phase of Nexus will connect the instant payment systems of Singapore, Indonesia, Malaysia, Philippines and Thailand.
March 24, 2023MAS chief fintech officer Sopnendu Mohanty said the integration of the two payment networks is "ready and waiting for launch".
January 11, 2023KPMG said the Hub will work with MAS and the broader ecosystem to accelerate the adoption of embedded finance in Singapore.
September 7, 2022MAS welcomed the Center of Excellence, describing Mojaloop's efforts as "a step forward into the future of financial services".
June 24, 2022The first pilot, led by DBS, JP Morgan and Marketnode, will explore potential DeFi applications in wholesale funding markets and help inform regulatory policy.
June 1, 2022From 1 January 2022, ‘Sandbox Plus’ will be introduced to provide more effective one-stop assistance to innovative fintech firms.
November 10, 2021The current GIRO application process takes three to four weeks to complete. The eGIRO service will reduce turnaround time to a few minutes for consumers.
November 8, 2021Customers of participating financial institutions will be able to make real-time cross-border transfers using a mobile number.
September 28, 2021The PayNow-UPI linkage will be implemented in July 2022, enabling faster and lower cost fund transfers between Singapore and India.
September 15, 2021BIS Innovation Hub Singapore Centre and MAS have published a blueprint that could make real-time cross-border payments a reality in the next two to four years.
July 29, 2021