Singapore, April 8: TerraPay, a global money movement company, has been granted a Major Payment Institution (MPI) License under the Payment Services Act 2019 by the Monetary Authority of Singapore (MAS) -- a significant milestone solidifying TerraPay's position as a cross-border payments pow
Singapore/ Mumbai (Maharashtra) [India], August 24: Farro Ventures, parent company of leading Singapore based multi-family office Farro Capital, announces the establishment of its newest subsidiary - Farro & Co - expanding its comprehensive service portfolio to offer a full suite of tail
Singapore, August 8: TerraPay, a leading global payments infrastructure company, has secured an In-Principle Approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), marking a significant step towards being a payments company with the most regula
Ravi Menon, Managing Director of the Monetary Authority of Singapore said most central banks have shifted to a more moderate pace of monetary policy tightening in line with inflation coming off its peak, however, he believes the tightening cycle has some ways to go as the inflation numbers a
In what is a first-of-its-kind collaboration with another country, India and Singapore on Tuesday linked their respective online payments systems -- Unified Payments Interface (UPI) of India and PayNow of Singapore -- for seamless cross-border transactions between the two countries.
Reserve Bank of India Governor Shaktikanta Das and Monetary Authority of Singapore Managing Director Ravi Menon will launch the cross-border connectivity.
The Singaporean central bank put out a statement on Monday to address misconceptions in the wake of the recent collapse of crypto service provider FTX.
A Memorandum of Understanding (MOU) on Cooperation in Regional Payment Connectivity was signed on Monday in Bali, Indonesia, on the sidelines of the G20 Leaders' Summit.
The enhanced initiative is named Ubin+, which will strengthen Singapore's capabilities to use digital currency-based infrastructure for cross-border transactions.
While putting out the regulatory measures in the public domain, the Singaporean central bank said though trading in cryptocurrencies is "highly risky" and not suitable for the general public such digital assets play a supporting role in the broader digital asset ecosystem which is why it bel