Search Results for "mas"
MAS Ends Six-Month Restriction on DBS, Retains Additional Cap Requirement
The Monetary Authority of Singapore (MAS) has declared it will not extend the six-month restriction previously placed on DBS Bank. The pause, which spanned from 1 November 2023, to 30 April 2024, aimed to focus the bank on enhancing the
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Qashier Granted In-Principle Approval for Payments License From MAS
Singapore-based fintech startup Qashier has received in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license. This approval positions Qashier to provide merchant acquisition services along with domestic and cross-border money transfer capabilities. Under
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Mastercard Launches Mobile App for Adding Virtual Cards to Digital Wallets
Payments giant Mastercard has launched a new mobile app that allows virtual commercial cards to be added directly to digital wallets, enhancing contactless payment solutions for businesses. This app is a development aimed at providing financial institutions with more options
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Temasek Furthers European Expansion with New Paris Office
Singapore’s sovereign wealth fund Temasek has inaugurated its new office in Paris, marking a significant step in its European expansion strategy. This new Parisian base is part of Temasek’s broader objective to enhance its global network and leverage opportunities across
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MAS and Mastercard Partner to Strengthen Financial Sector Cybersecurity
The Monetary Authority of Singapore (MAS) and Mastercard have signed a Memorandum of Understanding (MoU) to bolster cybersecurity within the financial services sector. The partnership is built on a foundation of bilateral information sharing of cyber threat intelligence, aiming to
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Nuvei Secures Payments License from MAS to Expand Offerings in Singapore
Canadian payments firm Nuvei Corporation has secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore. This allows Nuvei’s Singapore subsidiary, Nuvei Singapore Pte Ltd, to extend its financial services within the region, offering domestic and cross-border
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Unmasking the Threat of Deepfake Scams in Asia’s Financial Sector
In the contemporary digital world, the proliferation of deepfake technology and generative AI heralds an era fraught with online scam challenges, notably within the financial sector in Asia. This burgeoning technology, characterized by its ability to create indistinguishably fraudulent audio
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TerraPay Gets MAS Green Light for Payment License
Payments infrastructure company TerraPay has been awarded a Major Payment Institution (MPI) License by the Monetary Authority of Singapore (MAS). With this new license, TerraPay now has 11 licenses and 19 approvals across 30 international markets. The MAS license enables
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Tan Chong Meng and Geoffrey Wong Join Temasek Board of Directors
Singapore’s sovereign wealth fund Temasek has expanded its Board of Directors with the appointment of two senior business leaders, Tan Chong Meng and Geoffrey Wong. Their inclusion is expected to further enhance the strategic guidance provided to the company’s management.
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MAS Bolsters Crypto Payment Rules, Here’s What You Need to Know
The Monetary Authority of Singapore (MAS) has announced revisions to the Payment Services Act (PS Act) and related regulations, marking a significant expansion in the regulation of payment services within the country. The amendments, which are set to be implemented
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