MAS, ABS announce new entity to oversee Singapore’s eight national payment schemes

MAS, ABS announce new entity to oversee Singapore’s eight national payment schemes

The Singapore Payments Network aims to promote payments innovation and collaboration. Read more at straitstimes.com.

Singapore sets up entity to administer, govern national payment scheme

The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) have on Wednesday jointly announced the incorporation of Singapore Payments Network (SPaN), which will administer and govern Singapore’s national payment schemes. MAS said in a statement that this follows MAS’ and ABS’ earlier announcement on the intention to set up a new entity to consolidate the administration and governance of Singapore’s national paymen…

MAS and ABS Announce the Incorporation of New Payments Entity – Singapore Payments Network (SPaN)

The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) today jointly announced the incorporation of Singapore Payments Network (SPaN), which will administer and govern Singapore’s national payment schemes[1]. This follows MAS’ and ABS’ earlier announcement on the intention to set up a new entity to consolidate the administration and governance of Singapore’s national payment schemes to position them for the nex…

Singapore launches SPaN to overhaul national payment systems and boost financial innovation

MAS, ABS Launch Entity to Govern Singapore’s Payment Schemes

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Singapore Forms New Entity to Consolidate Payments

Singapore has launched a non-profit entity in an effort to consolidate the administration of national payment schemes. The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) have set up Singapore Payments Network (SPaN), not-for-profit company limited by guarantee, according to a statement. SPaN will aim to consolidate the administration and governance of Singapore's eight national payment schemes, such as Fast…