MAS to grant non-bank financial institutions access to FAST, PayNow

Uploaded By:  Frances Gagua Submitted By:  Frances Gagua Case Study:  No Beginning February 2021, NFI e-wallet users will be able to make real-time transfers to banks. Eligible non-bank financial institutions (NFIs) will be granted direct access to Singapore’s banking system’s retail payments infrastructure—the Fast and Secure Transfers (FAS) and PayNow—beginning February 2021, says the Monetary Authority of Singapore (MAS). read more