Saudi and Singapore Central Banks to Share Fintech Expertise

October 31, 2023by admin

The Saudi Central Bank (SAMA) and the Monetary Authority of Singapore (MAS) have agreed to work together on fintech and innovation.

The agreement was signed by H.E. Mr. Ayman Al-Sayari, Governor of SAMA, and H.E. Dr. Vivian Balakrishnan, the Minister for Foreign Affairs of Singapore, representing MAS.

It aims to provide a robust framework for cooperation between the innovation departments of both central banks.

Both regulators also intend to establish effective mechanisms for sharing information regarding fintech and innovation as well as promote their utilisation in the markets.

SAMA and MAS also intend to enhance cooperation and foster coordinated efforts in areas of mutual interest.

Our expertise, as well as our passion for all things Fintech, sets us apart from other agencies. With every single one of our brands, we bring forth a deep passion for creative problem solving — which is what we deliver.


Keep up to date with latest news and update about Woohoo Pay, simply subscribe with your email address.