Singapore, India sign fintech agreement for cross-border testing of use cases

Singapore, India sign fintech agreement for cross-border testing of use cases

Singapore and India have signed a fintech cooperation agreement to facilitate discussions on emerging fintech issues and participate in joint innovation projects.

The agreement, signed between the Monetary Authority of Singapore (MAS) and the International Financial Services Centres Authority (IFSCA), will enable Singapore startups that have already joined MAS regulatory sandbox to be referred to IFSCA’s sandbox to test their use cases in India. Likewise, Indian startups will be able to test their services in the city-state.

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