A leading payments industry news source for more than 17 years. Glenbrook curates the news and keeps you abreast of the important daily headlines in payments.
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April 4, 2025
On the web
At Least $17.4m Lost to Scammers Impersonating WeChat, UnionPay, and Alipay Staff Since January
The Straits Times
"People should be wary of scammers impersonating staff of Chinese messaging and payment platforms, said the authorities, after at least $17.4 million was lost to such scams since January. In a joint statement on April 4, the police and Monetary Authority of Singapore (MAS) said at least 678 cases have been reported this year."
July 9, 2024
On the web
Banks in Singapore to Strengthen Resilience Against Phishing Scams
MAS
"The Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore announced that major retail banks in Singapore will progressively phase out the use of One-Time Passwords (OTPs) for bank account login by customers who are digital token users within the next three months."
April 9, 2024
Top Post
MAS and Mastercard Sign MoU to Enhance Cooperation in Cybersecurity
Mastercard
"The Monetary Authority of Singapore and Mastercard signed a Memorandum of Understanding to enhance cooperation in cybersecurity, with the aim to strengthen cyber resilience in the financial services sector in Singapore."
November 17, 2023
On the web
Launch of Cross-Border Qr Payments Linkage Between Indonesia and Singapore
MAS
"Bank Indonesia (BI) and the Monetary Authority of Singapore (MAS) launched the cross-border quick response (QR) payment linkage between Indonesia and Singapore."
November 8, 2023
On the web
Overheating Datacenter Stopped 2.5 Million Bank Transactions (Monetary Authority of Singapore)
MSN
"Outages at two banks that stopped 2.5 million payment transactions were sparked by a technical issue with the datacenter's cooling system, according to the Monetary Authority of Singapore (MAS) on Monday.…"
May 19, 2023
On the web
New York Fed and Monetary Authority of Singapore Publish Results of Joint Wholesale Cross-Border Payments Research Study
New York Fed
"The Federal Reserve Bank of New York’s New York Innovation Center (NYIC) and the Monetary Authority of Singapore (MAS) today published a research report detailing the results of the joint Project Cedar Phase II x Ubin+ (Cedar x Ubin+) experiment. The Cedar x Ubin+ experiment examined whether distributed ledger technology (DLT) could be used to improve the efficiency of cross-border wholesale payments and settlements involving multiple currencies."
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