Latest from Eileen Yu
Singapore, India to link national payment systems for cross-border transfers
Residents in both countries will be able to make fund transfers via mobile numbers or virtual payment addresses, with efforts to connect Singapore's PayNow and India's Unified Payments Interface scheduled to complete next July.
Singapore, Australia amongst four central banks to test cross-border digital payments platform
Central banks of Singapore, Australia, Malaysia, and South Africa will develop and test a shared platform to process cross-border digital currency transactions, bypassing the need for intermediaries and slashing costs.