Both nations will build a framework for bilateral cooperation to drive trade and investment in the fintech sector and support efforts from their local fintech companies to expand in each other's markets.
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Singapore Fintech Association forms working group to establish a buy now, pay later (BNPL) framework, which will include enforcement measures, to safeguard consumer interests and prevent risks of "over-indebtedness".
E-commerce platform gives shoppers in Singapore and Malaysia the option to make their purchases via Pace Enterprise's buy now, pay later service, spreading their spend over three monthly instalments.
Emerging markets are more receptive towards cryptocurrency than developed nations, with residents in the former more likely to have invested in it, reveals new global study.