Under this agreement, both countries will link their real-time and QR payment systems to provide instant, seamless and low-cost cross-border payments.
The Monetary Authority of Singapore (MAS) and the Bangko Sentral ng Pilipinas (BSP) have signed an enhanced FinTech Cooperation Agreement (CA) to facilitate interoperable payments between Singapore and the Philippines on Nov 8.
The enhanced CA builds on the earlier agreement signed in 2017 to broaden the scope of FinTech collaboration and partnership between both central banks.
