The Singapore Fintech Report 2024 offers valuable insights for investors, policymakers, and industry players seeking to understand the opportunities and challenges within Singapore’s thriving fintech sector.

Nov 6, 2024 · Visa has announced a suite of new products and services aimed at transforming the future of payments in the Asia Pacific region at the Singapore Fintech Festival 2024 (SFF 2024).. One of the central products, Visa Flexible Credential, allows a single card to switch between various payment options—such as debit, credit, installment payments, or rewards redemption.

Oct 22, 2024 · In Southeast Asia, e-wallets are rapidly emerging as the most used payment method, a trend that’s particularly pronounced in countries like Indonesia and the Philippines where a large proportion of the population still lack access to traditional banking services and where governments are pushing for greater usage of cashless transactions, a …

Nov 13, 2024 · Singapore Fintech Festival (SFF) is the largest Fintech festival in the world and a knowledge platform for the global Fintech community. SFF is organized annually by the Monetary Authority of Singapore, Global Finance & Technology Network and Constellar in collaboration with The Association of Banks in Singapore.

Nov 6, 2024 · In parallel, Singapore remains an active participants in Project Nexus, an initiative spearheaded by the Bank for International Settlements (BIS) to enhance global payments network connectivity.Project Nexus aims to improve the speed, cost, transparency and accessibility of cross-border payments by establishing multilateral linkages of national retail payment systems.

Nov 14, 2024 · A recent survey by global payments service provider FIS has revealed that digital banks are making inroads in Singapore, with 43% of respondents indicating they are likely to try one in the next year.. This comes in addition to the 29% who have already embraced digital banking. The survey, which polled over 1,000 retail banking customers, highlights the growing appeal of digital banks across ...

Oct 14, 2024 · Arta Finance, a digital wealth management platform, has officially launched internationally, using Singapore as its strategic hub. Licensed by the Monetary Authority of Singapore (MAS), the platform is now available to accredited investors in Singapore, as well as international clients managing their wealth through Singapore.

Nov 4, 2024 · The Monetary Authority of Singapore (MAS) has announced plans to advance asset tokenisation within the financial services sector.. This move aims to enhance how financial markets operate by representing assets like bonds and stocks digitally. MAS has been exploring tokenisation through Project Guardian, which involves over 40 financial institutions and policymakers across seven jurisdictions.

Nov 7, 2024 · Network for Electronic Transfers has announced the islandwide rollout of SGQR+, an enhanced version of Singapore’s national QR code standard.Following a successful proof of concept (POC) conducted in November 2023 during the Singapore Fintech Festival, SGQR+ simplifies digital payments by enabling businesses to accept multiple payment schemes through a single QR code.

Nov 12, 2024 · BlackRock and the Monetary Authority of Singapore (MAS), alongside other partners, will develop a new blended finance debt programme focused on industrial transformation projects under MAS’ Financing Asia’s Transition Partnership (FAST-P) initiative. The partners, including the International Finance Corporation (IFC), Mitsubishi UFJ Financial Group (MUFG), Nippon Export and Investment ...