Remove Retail Payments Remove Settlement Remove Web 3.0
article thumbnail

Singapore Fintech Report 2024: Losses Continue to Mount for Digital Banks

Fintech News

In parallel, Singapore remains an active participants in Project Nexus , an initiative spearheaded by the Bank for International Settlements (BIS) to enhance global payments network connectivity. The drop can also be explained by the exit of several fintech companies, particularly in the buy now, pay later (BNPL) and Web 3.0

article thumbnail

Fintech in Singapore: 2023 in Review

Fintech News

Digital money, digital assets and tokenization MAS is envisioning a future financial ecosystem that’s characterized by a network of interoperable systems, facilitating instantaneous and seamless payment, clearing and settlement. Payments remained the largest fintech verticals with 146 companies, followed by blockchain and Web 3.0 (136),