Philippines: Signed FinTech Cooperation Agreement

On 7 November 2021, the FinTech Cooperation Agreement is signed between the Central Bank of Singapore (MAS) and the Central Bank of the Philippines (BSP). The Agreement aims to further strengthen and facilitate interoperable payments between the two countries, linking their QR and real-time payment systems. This step is taken with the goal of having an interconnected real-time payment system within the Association of Southeast Asian Nations (ASEAN).