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MAS seeks power to make competing banks open e-payment rails

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Published Tue, Nov 21, 2017 · 09:50 PM

    Singapore

    THE Monetary Authority of Singapore (MAS) proposed on Tuesday that the central bank be given powers to ensure interoperability for payment systems.

    This would mean that MAS can force big banks here to open up their payment rails to competitors and third-party players to ensure that large payment systems are compatible with other payment systems.

    Monetary Authority of SingaporeE-payments

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