Indonesia And Singapore Strengthen Cooperation In FinTech

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  • The Monetary Authority of Singapore (MAS) and the Financial Services Authority of the Republic of Indonesia, Otoritas Jasa Keuangan (OJK) have signed a Memorandum of Understanding (MOU) to strengthen cooperation in FinTech between Indonesia and Singapore

 

  • As part of the agreement, both countries will share emerging FinTech trends and developments, as well as establishing a framework to understand regulatory issues and opportunities in both Singapore and Indonesia

 

  • Mr Ravi Menon, Managing Director, MAS, said, “Singapore and Indonesia have vibrant FinTech sectors, and MAS and OJK share a common interest in promoting innovation in financial services to enhance financial inclusion within the region. This MOU presents a good opportunity to strengthen cross-border efforts to promote the FinTech ecosystem in ASEAN.”

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