Monetary Authority of Singapore
News stories featuring Monetary Authority of Singapore:
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.”
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.
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