Malaysia and Thailand join MAS digital payments initiative
BoT, BNM and World Bank join MAS project alongside eight private sector players
The central banks of Malaysia and Thailand, as well as the World Bank and several commercial players, have joined a Monetary Authority of Singapore (MAS) initiative to advance cross-border settlement in digital money.
Bank Negara Malaysia (BNM) and the Bank of Thailand (BoT) joined the MAS initiative Bloom – a public-private partnership which the Singaporean central bank said today (October 23) was a means to develop common approaches for the cross-border use of digital money. This includes work
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