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    Monetary Authority of Singapore

    News stories featuring Monetary Authority of Singapore:

    Singapore aims for cashless society

    August 23rd, 2016

    Singapore plans to reduce the role of cash and checks by encouraging banks to switch to digital payments, according to the Monetary Authority of Singapore’s (MAS) Ravi Menon. “Menon said the MAS is asking the country’s banks to pass on to their customers the full cost of paper-intensive services,” Bloomberg reports. “The MAS also wants to see a majority of those transactions made using cellphones, or national ID or other secure numbers, rather than bank account numbers.”

    Singapore to get national trusted third party for NFC

    Singapore to get national trusted third party for NFC

    February 25th, 2009

    Singapore’s banks, telecoms networks and transit operators have given the go ahead for the creation of a national trusted third party designed to ensure full interoperability between the NFC services of all mobile operators and all service providers. More

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