Blogs

Scams in Singapore have reached worrying new levels of sophistication, exploiting deepfakes, impersonation tactics, messaging apps, and encrypted platforms to deceive victims. The MAS Chief urging the prioritization of security over convenience. According to the Financial Times, Singapore lost SGD 1.1 billion to scams in 2024, marking a steep 70% jump…

Project Nexus is set to significantly reshape real-time cross-border payments, not just within Asia but potentially on a global scale. This initiative addresses the long-standing challenges of speed, cost, access, and transparency that often hinder international money transfers. A recent and pivotal development in this endeavor occurred on April 3,…

The Monetary Authority of Singapore (MAS), in collaboration with NETS Group, has announced plans to introduce stand-in capabilities for NETS point-of-sale (POS) terminals. This initiative aims to enable consumers to continue making contactless payments at retail outlets even during bank outages, serving as a direct response to the numerous disruptions…