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Payment, clearing and settlement systems in …
CPSS Red Book 2011 325 Payment, clearing and settlement systems in SingaporeSingapore CPSS Red Book 2011 327 Contents List of Introduction ..331 1. Institutional aspects ..331 The general legal and regulatory Role of MAS in payment, clearing and settlement systems ..333 settlement Overseer ..333 Cooperation with other The role of other private and public sector bodies ..335 Singapore clearing House Association (SCHA) ..335 Association of Banks in Singapore (ABS)..335 The role of banks ..335 2. Payment media ..335 Cash payments ..335 Non-cash payments ..336 Interbank Payment cards ..337 Other access channels for banking and payments .
Singapore CPSS – Red Book – 2011 331 Introduction The evolution of Singapore’s payment, clearing and settlement systems has been driven by technological progress, changing consumer needs and the development of new financial
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