استمتع بـUnlimited مع Magzter GOLD
احصل على وصول غير محدود إلى أكثر من 9000 مجلة وصحيفة وقصة مميزة مقابل
يحاول ذهب - حر
New payments entity, automated verification tool to boost Singapore's status as finance hub
February 13, 2025
|The Straits Times
Singapore on Feb 12 announced through various groups a new payments entity and an automated solution to verify bills of lading, as it moves to strengthen its position as a global finance hub.
A new entity will be set up to consolidate the administration and governance of Singapore's national payment schemes such as Fast, PayNow and SGQR, the Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) said in a joint statement.
Such schemes are currently administered and governed by MAS, ABS, the Singapore Clearing House Association and the Infocomm Media Development Authority.
Consolidation under a single entity will strengthen the governance of these schemes and enable greater payments resilience and innovation, said MAS managing director Chia Der Jiun.
ABS chairman Piyush Gupta, noting that the new payments entity will provide a springboard for payments technology, said: "ABS and member banks look forward to working closely with the industry to achieve Singapore's goal as a smart financial centre."
هذه القصة من طبعة February 13, 2025 من The Straits Times.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من The Straits Times
The Straits Times
New kid on the Blockx puts end to Ruud reign
Belgium’s Alexander Blockx continued his breakthrough run at the Madrid Open on April 30, upsetting Norwegian defending champion Casper Ruud 6-4, 6-4 to reach the semifinals of a Masters 1000 event for the first time in his career.
2 mins
May 01, 2026
The Straits Times
Lasting Power of Attorney • Widen the pool of professionals who can be certifiers
I recently completed my Lasting Power of Attorney (LPA) with the help of my Member of Parliament.
1 min
May 01, 2026
The Straits Times
Chart economically viable pathways to clean energy: S'pore climate negotiator
Meaningful contributions from all nations needed to advance a just transition, he says
2 mins
May 01, 2026
The Straits Times
New tripartite council to help workers keep jobs, companies transform amid AI disruption
Valid concerns about job security, relevance of skills, rapid pace of change: Tan See Leng
4 mins
May 01, 2026
The Straits Times
PayNow • Balance usability, protection in removal of alias feature
I refer to the report on the discontinuation of PayNow’s alias feature (No more nicknames: PayNow to end alias option for users from June, April 29).
1 min
May 01, 2026
The Straits Times
McLaren get show on the road as 1,000th race looms
McLaren showed off their Formula One heritage with a deafening display of title-winning cars driven by champions past and present on the streets of Miami on April 29.
2 mins
May 01, 2026
The Straits Times
THE X FACTOR
Brands are tapping local content creators to co-design collections that would help them access target audiences more directly
6 mins
May 01, 2026
The Straits Times
About 80 selected agencies to manage child abuse cases from May 1
Only agencies with relevant expertise will be allowed to manage child abuse cases from May 1, following recommendations from a review of the events leading up to the death of four-year-old Megan Khung.
4 mins
May 01, 2026
The Straits Times
Parenthood Normalise career detours, work on changing attitudes
I refer to the report “Women taking career ‘detours’ as a norm will be one indicator of work group’s success: Indranee” (April 29).
1 min
May 01, 2026
The Straits Times
Le Sserafim back in Singapore for Nov 28 show, VR concert to screen at GV in May and June
K-pop girl group Le Sserafim, who last performed here in August 2025, will be back with a new concert on Nov 28.
1 mins
May 01, 2026
Listen
Translate
Change font size