As the notion of the 5Cs – cash, car, credit card, condominium, and country club membership – fades away, Singaporeans tell CNA their new Cs and definitions of success.
XREX Singapore receives Major Payment Institution Licence approval
XREX has announced that its Singapore entity has obtained in-principle approval for a Major Payments Institution (MPI) Licence from the Monetary Authority of Singapore (MAS), the nation's central bank ...
Singapore to Begin Wholesale CBDC Issuance Next Year
The Monetary Authority of Singapore through its Managing Director Ravi Menon has confirmed its plans for Wholesale CBDC pilot next year.
The Big Read: Everyone wants a dream home — what does that mean in land-scarce Singapore?
When Mr J Parasuraman and his wife moved out of his parents’ three-room flat and bought his first house in 1986 from the HDB at the age of 29, he recalled having only one main consideration: to have ... ( read original story ...)
The Big Read in short: The hard truths and trade-offs of homeownership in Singapore
When Mr J Parasuraman and his wife moved out of his parents’ three-room flat and bought his first house in 1986 from the HDB at the age of 29, he recalled having only one main consideration: to have ... ( read original story ...)
Singapore is about to transform its crypto scene forever
Singapore is on the brink of a significant transformation in its cryptocurrency landscape. The recent approval of blockchain firm Paxos to issue a stablecoin ...
Crypto exchange XREX gets Singapore license
Asia-based crypto exchange XREX has secured in-principle approval from the Monetary Authority of Singapore for a Major Payment Institution.
Mastercard’s Crypto Conundrum: CBDCs May Not Be Ready For Prime Time
Ashok Venkateswaran, Mastercard Inc.'s (NYSE: MA) lead for blockchain and digital assets in Asia-Pacific, on Friday asserted the current landscape doesn't provide sufficient grounds for the widespread ...
Instant fund transfers on mobile phones now possible between Singapore and Malaysia
Person-to-person (P2P) cross-border fund transfers are now possible between PayNow users in Singapore and DuitNow users in Malaysia.The launch of the real-time payment systems linkage between ...
Singapore announces cross-border payment links with Indonesia, Malaysia
Singapore and Indonesia have launched a cross-border QR code payment linkage while users of Singapore's PayNow and Malaysia's DuitNow can now make person-to-person funds transfers.
$2.8b money laundering case: Lawyer for accused claims Changi Prison cannot meet client’s medical needs; bail review postponed
A bail review hearing for Su Baolin, an accused in the $2.8 billion money laundering probe, has been postponed to allow the prosecution to check his lawyer's claims that Changi Prison is not able to ...
Heart of the Matter – Do high cost of living concerns in Singapore affect everyone the same way?
From groceries to electricity and water prices, many Singaporeans are feeling the pinch as inflation stays stubbornly high. Is the sandwiched generation hit as hard as those in the lower-income group?
Cross-border QR payments between Singapore and Indonesia now possible
Residents of Singapore and Indonesia can now make seamless cross-border retail payments through NETS QR (Quick Response Code) or QRIS (Quick Response Code Indonesian Standard) codes displayed by ...
Singapore opens the door to a shrinking market
Paxos’s push into Singapore, according to Paxos’s head of strategy Walter Hessert, is fueled by its ambition to “open the financial system to everyone, introducing significant opportunities to global ...
Lack of local funding partners forces Volocopter to put air taxi launch in Singapore on hold
The German firm had planned to start air taxi flights for tourists in the Marina Bay area in 2024. Read more at straitstimes.com.
Chinese Film Director Barred From Attending Singapore World Premiere of Documentary
China has barred the director of 'Tedious Days and Nights' from leaving the country, but the Singapore festival will go ahead with its world premiere.