Singapore and India launch fintech co-operation scheme

The countries plan to establish real-time payments links

Singapore and India are working to strengthen co-operation in fintech, especially payments

Three government agencies from India and Singapore have signed a memorandum of understanding (MoU) to boost co-operation in financial innovation, in particular on the cross-border payments front.

India’s Department of Economic Affairs, the government of India, and the Monetary Authority of Singapore will establish a joint working group, the MAS announced on June 2.

The group will be co-chaired by MAS deputy managing director Jacqueline Loh and India’s Department of Financial Services

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