Singapore - page 3

Blockchain & Crypto

China and Singapore to Use E-Yuan for Tourist Spending in Cross-Border CBDC Pilot

China’s Central Bank Digital Currency (CBDC) – e-yuan – will be now used for cross-border payments between China and Singapore, facilitating tourist spending between the two countries.

Fintech & Ecommerce

Singapore to Suspend Non-Bank and Non-Card Channels for Remittance to China

The Monetary Authority of Singapore (MAS) has instructed companies providing money transfer services to suspend the use of non-bank and non-card channels when interacting with individuals interested in cross-border transactions to China.

News

Singapore Tightens Crypto Regulation

The Monetary Authority of Singapore (MAS) introduces new investor protection measures for crypto service providers to discourage cryptocurrency speculation among retail customers.

News

Monetary Authority of Singapore Presents Initiatives for Digital Money

The Monetary Authority of Singapore (MAS) has unveiled several initiatives that have been developed to ensure the achievement of such a goal as the safe and responsible use of digital money in this country.

Science & Technology

OCBC Bank Rolls Out Internal Generative AI Chatbot

A generative artificial intelligence (AI) chatbot will be available to OCBC’s 30,000 employees globally in November to assist them with writing, research and ideation.

News

Grab Launches Web3 Experiences Powered by Circle

South-East Asian super-app Grab has enhanced its services with a Web3 offering supported by the USDC issuer Circle

News

QR Code Payments to Grow 590% in Southeast Asia by 2028: Research

A new study from Juniper Research has found the volume of QR code payments in the leading Southeast Asian market will increase from 13 billion in 2023 to 90 billion in 2028.

News

Singapore’s Grab Remains Optimistic on Growth Prospects

Grab, a Southeast Asian super app provider is optimistic about long-term growth opportunities.

Fintech & Ecommerce

Payoneer Singapore Receives MAS License

The new license will enable Payoneer Singapore to enrich the scope of its products and roll out several new services in the country

Finance & Economics

MAS to Eliminate Corporate Cheques in Singapore: Timeline Revealed

The Monetary Authority of Singapore (MAS) quotes the rising cost of cheque processing as the main reason for abolishing corporate cheques as a payment instrument altogether

News

Foodpanda Partners TabSquare for AI-Powered Restaurant Solutions

Restaurant owners in Singapore, Taiwan, Malaysia, and the Philippines will be the first to enjoy the benefits of AI-enabled predictive analytics and QR code ordering

Fintech & Ecommerce

Singapore Becomes Command Center for ASEAN Fintech: Report

PwC Singapore, Singapore Economic Development Board (EDB) and Singapore FinTech Association (SFA) revealed the growth trends of the financial technology industry in Singapore

Blockchain & Crypto

Singapore Tells Crypto Platforms to Keep Client Money in Trust

In Singapore, local authorities intend to require cryptocurrency exchanges to implement the practice of storing client assets in trust management as part of their activities.

Fintech & Ecommerce

Travel Tech UTU Raises $33M to Promote Tax-Free Shopping

Part of Series B funding was used by utu to acquire CardsPal, a Singapore-based fintech that offers deals and promotions nearby to users

Society & Lifestyle

Singapore Fines Firms Over Wirecard Payments Scandal

In Singapore, the local financial regulator has decided to impose a penalty in the form of a fine against four companies that are involved in the scandal related to the Wirecard payment firm.

News

Siemens to Invest €2 Billion to Boost High-Tech Plants

Siemens AG will direct investments in the amount of €2 billion to expand high-tech production.