MAS

MAS building with GIRO payment security visualization and consumer protection

MAS Collaborates with Singapore Banks to Strengthen GIRO Payment Safeguards Amid Consumer Protection Review

The Monetary Authority of Singapore announced on April 8, 2026 that it is working with the Association of Banks in Singapore and member banks to strengthen safeguards for GIRO payment systems following parliamentary questions about duplicate deductions and consumer protection gaps. MAS board member and Minister of State Alvin Tan[Read More…]

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