Tagged: payments council

February 6, 2022 @ 4:57 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) recently noted that banks in the Southeast Asian country have “substantially” implemented the additional measures to enhance the security of virtual banking announced on 19 January 2022. The measures, taken together, offer a “significant” added layer of security to… Read More

November 20, 2017 @ 9:12 am By JD Alois  |  

The Monetary Authority of Singapore has posted an update on the Singapore Payments Council. According to MAS, the COuncil has endorsed the specification for a common Singapore Quick Response Code (SG QR) that can accept electronic payments by both domestic and international payment schemes, e-wallets,… Read More

August 2, 2017 @ 9:53 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) will establish a “Payments Council”, a move designed to facilitate the vision of an e-payments ecosystem in Singapore. This includes the development of seamless payments solutions like PayNow, supporting the introduction and rollout of unified point-of-sale terminals at merchants, and… Read More