MAS and ABS to establish new payments entity to position national...

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2025-02-12 11:26:53 -

MAS and ABS to establish new payments entity to position national payment schemes for next stage of growth

The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) have on Wednesday jointly announced that a new entity will be set up to consolidate the administration and governance of Singapore’s national payment schemes to position these schemes for the next stage of growth. The duo said in a statement that the entity will also collaborate with MAS on the...

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