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Singapore, India to boost fintech collaboration

Singapore and India have signed an agreement to explore opportunities for further collaboration in fintech services. India’s Department of Economic Affairs (DEA) and Monetary Authority of Singapore (MAS) said they would set up a joint working group to be co-chaired by the latter’s deputy managing director Jacqueline Loh and India Department of Financial Services’ additional secretary Ravi Mital. Singapore outlines… Read more →

Singapore authorities highlight sharp spike in online trading fraud

Singapore’s law enforcement and financial industry regulator have issued an alert about rising fraud incidents involving online trading platforms. Commercial Affairs Department (CAD), which operates under the Singapore Police Force, and Monetary Authority of Singapore (MAS) said 142 reports were filed last year from consumers who lost S$7.8 million (US$5.83 million) trading on unlicensed online sites. In comparison, 40 such… Read more →

Qoo10 to ‘renew focus’ on Singapore e-commerce market

It may be one of the earliest players in Singapore’s e-commerce market, but Qoo10 seems to have lost some of its shine in recent years as more high-profile names such as Lazada, RedMart, Amazon, and Carousell hog the headlines. Still, the e-commerce site has managed to climb to pole position in Singapore based on traffic and gross merchandise volume (GMV)…. Read more →