MAS and ABS to Establish New Payments Entity to Position National Payment Schemes for Next Stage of Growth
By Monetary Authority of Singapore, Association of Banks in Singapore
Joint announcement by the Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) establishing Singapore Payments Network (SPaN), a new entity to consolidate administration and governance of Singapore's eight national payment schemes (FAST, Inter-bank GIRO, PayNow, SGQR, cheque clearing systems).
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