Finance News
By Sakamoto Nashi
1 / 15
Singapore's payments revolution keeps accelerating. The city-state pretty much nailed domestic digital adoption and now it's going hard after cross-border opportunities, banking…
2 / 15
A fresh PwC Singapore and Singapore FinTech Association report called "Payments' State of Play 2026" shows just how far things have come.
3 / 15
Domestic market's getting saturated though.
4 / 15
Cross-border payments and new financial tools will drive the next wave of growth, according to Wong Wanyi, FinTech Leader at PwC Singapore.
5 / 15
PayNow already links up with Thailand's PromptPay and Malaysia's DuitNow, letting people send money using just mobile numbers.
6 / 15
The remittance market looks promising too. Numbers should jump from $8.05 billion in 2022 to $13.
7 / 15
Stablecoins are becoming serious payment tools under MAS regulatory oversight. GrabPay's integration with OKX Pay and StraitsX shows how stablecoins can work for everyday…
8 / 15
The report talks about a "layered utility approach" for stablecoins. Companies test retail payments, treasury functions, and tokenised products all at once.
9 / 15
Singapore's FX market ties into all this payments activity. Daily trading volumes reached $1.485 trillion in April 2025, up 60% from 2022.
10 / 15
Fraud keeps getting worse though. Scam losses hit SGD 1.1 billion in 2024, with crypto scams making up a big chunk.
11 / 15
AI-driven fraud detection, programmable money, and embedded finance will shape what comes next.
12 / 15
Interoperability and consumer protection still need attention as regional payment links expand.
13 / 15
MAS dropped new guidelines on January 15, 2026, targeting transparency and security for digital payment platforms.
14 / 15
DBS Bank launched a stablecoin pilot program in February 2026, integrating digital currencies into payment systems for retail and corporate clients.
15 / 15
Grab Financial Group announced a Ripple partnership on February 3, 2026, for cross-border payments using blockchain tech.
The Currency Analytics
Want the full story?