SINGAPORE: Singapore has announced through various groups a new payments entity and an automated solution to verify bills of lading, as it moves to strengthen its position as a global finance hub.
A new entity will be set up to consolidate the administration and governance of Singapore’s national payment schemes such as Fast, PayNow and SGQR, the Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) said in a joint statement on Wednesday.
