MAS announces $4.2 million support for Singapore fintech firms

Monetary Authority of Singapore
The Monetary Authority of Singapore
George Johnson

The Monetary Authority of Singapore announced a S$6 million ($4.2 million) grant to help fund fintech firms’ day-to-day expenses.

Singapore’s central bank announced an $88 million package for the financial services and fintech sectors in April, in response to the Covid-19 pandemic. The MAS will provide two-thirds of the grant while the rest is funded by AMTD Foundation and AMTD Group, an investment banking firm headquartered in Hong Kong.

“The grant will help fintech firms maintain their

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