MAS announces $4.2 million support Singapore fintech firms

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Monetary Authority of Singapore

The Monetary Authority of Singapore

The Monetary Authority of Singapore announced a S$6 million ($4.2 million) grant to help fund fintech firms’ day-to-day expenses.

Singapore’s central bank announced an $88 million package for the financial services and fintech sectors in April, in response to the Covid-19 pandemic. The MAS will provide two-thirds of the grant while the rest is funded by AMTD Foundation and AMTD Group, an investment banking firm headquartered in Hong Kong.

“The grant will help fintech firms maintain their

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