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The year saw nearly universal adoption of cashless payments and milestones in cross-borderpayment linkage initiatives, notably through Project Nexus. Finally, the fintech startup ecosystem continued to diversify, a trend which is evident in the rapid growth of Web3.0,
Expanding payment connectivity This year’s report puts an emphasis on Singapore’s leadership in cross-borderpayment integration, underscoring the country’s position at the forefront of payment innovation both regionally and internationally. of all fintech companies operating in the country.
Singapore furthers payment innovation aspirations 2023 also saw Singapore advance its payment innovation ambitions, particularly in the realms of electronic payments and cross-borderpayment capabilities. SGQR+ aims to increase the number of payment methods that merchants can accept.
The 18 finalists have been selected based on solutions to challenges in credit access, financial literacy, cross-borderpayments, and personalized protection, among other areas. DigiChain Innovations (Australia) DigiChain Innovations is a full-fledged web 2.0
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