List of Licensed Crypto Services Providers in Singapore
WEBJan 25, 2024 · Singapore’s Payment Services Act licensing framework for payment service providers, Source: Deloitte, 2019 . Since the PS Act came into effect on January 28, 2020, the Monetary Authority of Singapore (MAS) has received over 580 applications for payment services licenses and completed the review of more than half of them, MAS board member Alvin Tan said on April 4, 2022.
Riding the Wave: Asia Payments Trends Show Digital Payments on …
WEBAug 22, 2024 · According to The Banker, as of July 2023, the number of users of QR payment apps in Singapore, Malaysia and Indonesia reached almost 1 million people. By 2025, the number of QR payment apps is expected to grow by 78%, securing more than 1.77 million users. However, QR payments are still nascent in the region compared to other types of digital ...
Singapore Fintech Sector Moves to Scale-Up Phase
WEBDec 21, 2022 · Singapore’s fintech sector. Like the rest of the world, fintech funding in Singapore slumped this year, with 138 deals recorded in the first quarters of 2022, totaling US$2.12 billion. The sum represents a 80% drop from 2021’s US$10.49 billion. A look at Singapore’s fintech sector reveals that the country has surpassed the 1,000 threshold ...
Fintech Singapore Digital Finance News - FintechNewsSG
WEBFintech News Singapore India InsurTech DBS in Early Talks for Insurance Collaborations in India, Taiwan By Fintech News SingaporeSeptember 11, 2024 DBS Group Holdings is in early discussions to expand its insurance offerings in India and Taiwan through new bancassurance partnerships, according to people with knowledge of the matter. The Singapore-based lender has turned to
MAS Unveils Five New Industry Pilots Under Project Guardian
WEBNov 15, 2023 · Leong Sing Chiong. Leong Sing Chiong, Deputy Managing Director (Markets and Development), MAS, said, “Project Guardian’s industry pilots have successfully demonstrated that tokenised financial assets such as fixed income, foreign exchange and asset management products can be traded, distributed, and …
Top 18 Fintech Events in Singapore to Attend in 2024
WEBDec 13, 2023 · HYFI Conference 2024. March 07, 2024. ONE°15 Marina Sentosa Cove, Singapore. HYFI Conference 2024, scheduled for March 07 at the ONE°15 Marina Sentosa Cove in Singapore, is a premier future-tech event that brings together leaders and innovators in artificial intelligence (AI), fintech, traditional finance, and Web 3.0 spaces.
How Will MAS New Amendments Impact Financial Crime …
WEBFeb 22, 2024 · The legislative amendments also reflect MAS’s recognition of the rapid evolution within the fintech sector and the need for a regulatory framework that is both adaptive and facilitative of innovation. By specifying regulatory oversight on certain unregulated financial products and activities, MAS aims to foster a …
Top 10 Most Well-Funded Fintech Companies in Singapore in 2022
WEBOct 11, 2022 · The company, which serves customers such as Activision Blizzard, Tinder, Riot Games and Krafton, Coda Payments has raised US$715 million in funding and is valued at US$2.5 billion, according to data from CB Insights and Dealroom. Coda Payments’ latest round was a US$690 million secured in April 2022.
How AI is Reshaping Banking in 2023 - Fintech Singapore
WEBJun 28, 2023 · Singapore takes the lead in integrating AI and ML in the fintech sector, boasting an impressive penetration rate of 5.36 percent. This remarkable level of adoption, combined with the country’s substantial economic development, accounting for approximately 0.5 percent of the world’s GDP, solidifies Singapore’s position as …
Top Funded Fintechs in Singapore 2024 - Fintech Singapore
WEBJun 11, 2024 · With a total of US$314.1 million in VC funding raised, Nium is the sixth most well-funded fintech startup in Singapore. The company’s last round was a US$50 million Series E funding round secured in June 2024. The round cut Nium’s valuation by 30% to US$1.4 billion. Formerly known as Instarem, Nium is a leader in real-time global payments.