The Monetary Authority of Singapore (MAS) is Singapore’s central bank and integrated financial regulator. MAS also works with the financial industry to develop Singapore as a dynamic international financial centre.
The rapid pace of technological developments and substantial increase in the availability of data in recent years is unprecedented. In response to the fast changing landscape, MAS strives for continuous innovation and technology adoption. In 2021, MAS launched PayNow-PromptPay, the world’s first linkage between Singapore’s PayNow and Thailand’s PromptPay real time retail payments systems. MAS also worked on retail Central Bank Digital Currency (CBDC) solutions to enhance payment efficiencies and promote financial inclusion.
Click here to find out more about the Paynow-PromptPay project as well as the CBDC project.