Singapore News: The Reserve Bank of India and the Monetary Authority of Singapore announced a project to link their respective fast payment systems. While India uses Unified Payments Interface (UPI) as a fast payment method, Singapore uses the PayNow system.

Singapore commits SGD250 million to drive technology and innovation in fintech sector

Monetary Authority of Singapore (MAS) will commit SGD250 million over the next three years to accelerate technology and innovation-driven growth in the financial sector.

Long term economic recovery from COVID-19 will be weak and gradual: MAS Ravi Menon

While a strong short-term growth bounce from the impact of the VODI-19 pandemic is plausible, the longer term recovery is likely to be weak and gradual, said Ravi Menon, Managing Director, MAS.

MAS concludes multi-currency blockchain project, highlights commercial potential

MAS announced the successful conclusion of the fifth and final phase of Project Ubin, a blockchain-based multi-currency payments network prototype developed in collaboration with J.P. Morgan and Temasek.

Supply chain and digital connectivity key in post-COVID-19 world: MAS Ravi Menon

Closer integration – through trade and investment – has underpinned the prosperity and poverty reduction since the second world war, and it is something that needs to be preserved, said Ravi Menon, Managing Director of MAS.

Singapore facing most severe recession in history: MAS Ravi Menon

With this year’s GDP growth forecast at –4 to –7 per cent, Singapore is facing the most severe recession in history, said Ravi Menon, Managing Director, Monetary Authority of Singapore (MAS).

MAS launches SGD 1.75 million FinTech challenge focusing on COVID-19 and climate change

Themed “Building Resilience, Seizing Opportunities, Emerging Stronger”, the MAS Global FinTech Innovation Challenge aims to promote FinTech solutions that will help financial institutions adapt to and spur the development of green finance in the post-COVID-19 world.

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