Menu

Search

  |   Fintech

Menu

  |   Fintech

Search

MAS and Indian state government sign fintech cooperation agreement

The Monetary Authority of Singapore (MAS) and the Government of Andhra Pradesh (GoAP), an Indian state, have signed a Fintech Cooperation Agreement in a move to promote innovation in financial services in their respective markets.

According to the official release, both the parties will explore joint innovation projects on technologies like blockchain and digital payments. The agreement will help MAS and GoAP to collaborate on the development of education programs on fintech.

“This agreement will pave the way for greater FinTech collaboration between Singapore and Andhra Pradesh. From MAS’ perspective, we are looking to create a market place in India for FinTech solutions developed in Singapore. This can potentially help Singapore FinTech startups that are looking to venture into India,” Sopnendu Mohanty, Chief FinTech Officer, MAS said.

The partners also agreed to discuss emerging financial technology trends and exchange views on regulatory issues that are related to innovations in financial services.

“This agreement between MAS and GOAP will spearhead the creation of a niche, first of its kind ecosystem in the FinTech Valley of India - Visakhapatnam. The knowledge exchange between the startups in Singapore and Visakhapatnam will not only create high-quality job opportunities in FinTech but also help provide market access for implementation in both countries. We see this association as the first step towards the creation of the FinTech story of the country,” JA Chowdary, Special Chief Secretary and IT Advisor to the Andhra Pradesh Chief Minister, GoAP, said.

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

2018-09-18 15:31:10
0m
2018-09-18 15:30:51
0m
2018-09-18 15:30:19
0m

September 18 14:00 UTC Released

USNAHB Housing Market Indx

Actual

67 %

Forecast

66 %

Previous

67 %

September 18 13:00 UTC Released

RUPPI YY

Actual

15.3 %

Forecast

Previous

16.6 %

January 31 00:00 UTC 332149332149m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 332149332149m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 343969343969m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 332149332149m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 343969343969m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 332149332149m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 332149332149m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 332149332149m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.