Tag "mas singapore"
Wallex Receives MAS Approval, Enhances Payment Solutions
Wallex, a B2B FX and cross-border payment platform has secured approval from Singapore’s Monetary Authority (MAS) to augment its Major Payment Institution (MPI) licence. This enhancement includes account issuance, domestic transfers, and e-money issuance services, further solidifying Wallex’s standing in
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MAS Proposes New Regulatory Framework and Governance Model for Payments
The Monetary Authority of Singapore (MAS) released a consultation paper on proposed changes to the payments regulatory framework and establishment of a National Payments Council. Proposed Activity-Based Payments Framework Singapore’s payment regulations currently cut across two pieces of legislation: the
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MAS Proposes a “Regulatory Sandbox” for FinTech Experiments
The Monetary Authority of Singapore (MAS) today released a consultation paper on proposed guidelines for a “regulatory sandbox” that will enable financial institutions (FIs) as well as non-financial players to experiment with financial technology (FinTech) solutions. The FinTech landscape is
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Singapore Gears Up to Become A Fintech Leader, MAS Announces Major Initiatives
As part of Singapore’s plan to become the world’s first Smart Nation, the city-state’s financial regulator and central bank has announced a series of initiatives aimed at fostering the fintech sector and build its Smart Financial Center. The Monetary Authority
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