Singapore

Introduction

General Introduction to be added here

Payment Systems

Payment System Name	System Type	Currency	Clearing Type	Settlement Type	Operating Model	Operator	Regulator
MAS Electronic Payment System (MEPS+)	RTGS	SGDSingapore Dollar	Real-Time	Gross	0	Monetary Authority of SingaporeOperator Type:Central Bank	Monetary Authority of SingaporeRegulator Type:Central Bank
Fast and Secure Transfers (FAST)	Immediate Payments	SGDSingapore Dollar	Real-Time	Gross	0	NETS GroupOperator Type:3rd Party	Monetary Authority of Singapore (MAS)Regulator Type:Central Bank
InterGIRO	ACH - Credit	SGDSingapore Dollar	Deferred	Multi-Lateral Netting	0	NETS GroupOperator Type:3rd Party	Monetary Authority of Singapore (MAS)Regulator Type:Central Bank
Cheque Clearing System	Paper Instruments	SGDSingapore Dollar	Deferred	Multi-lateral Netting	0	Operator Type:	Monetary Authority of Singapore (MAS)Regulator Type:Central Bank

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Snapshot

Currency	SGD
Economic Bloc	ASEAN
Banking Regulator	Monetary Authority of Singapore (MAS)
Payment Systems Regulator	Monetary Authority of Singapore (MAS)
Capital Markets Regulator
System Operators	NETS
Participants
Payment Systems Regulation	Payment Service Act 2019

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Evolution of Payment Systems

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