Remittance Association Singapore (RAS)

WHO WE ARE

We are Remittance Association Singapore (RAS) & we act for remittance institutions regulated by the Monetary Authority of Singapore (MAS) that provide cross border fund transfer services.

CONSUMERS

Domestic helpers, construction workers, expats & businesses are the major clients of the remittance industry which gives an individual or a business with the means to transfer funds to a recipient with or without a bank account.

RESOURCES

You can find our contact information & resources such as additional details about the payment service act, frequently asked questions & AML activities.

MEDIA & NEWS

A suite of news articles, blog posts, videos, gallery & a compilation of the past, current & future events is given here.

The global cross-border payment industry is a trillion-dollar market that is being disrupted by new entrants seeking to solve existing pain points for consumers.

Jan 18,2022

Traditionally, such payments have been transacted by the few dominant global banks. The lack of competition resulted in long settlement periods, high transaction costs, and a lack of transparency for the consumer.

The COVID-19 pandemic has accelerated a phenomenon that was already in progress – the digitisation of the way we live.

Jan 18,2022

The COVID-19 pandemic has accelerated a phenomenon that was already in progress – the digitisation of the way we live. Part of that has been the rapid increase in demand for electronic payments and the way payment services should be delivered.

With Fintech on the rise and banks struggling to keep up, is collaboration the solution?

Jan 18,2022

Fintech is financial technology that helps consumers manage their finances. The software is accessible via desktop or mobile devices. Cryptocurrencies like bitcoin are also part of fintech development. Naturally, as technology develops, consumers come to expect and demand greater.

It’s easier now than ever to send money overseas thanks to the incredible advances in technology

Jan 18,2022

The Financial Action Task Force (FATF) has pinpointed money laundering vulnerabilities in the remittance and foreign exchange industries – the volume of vendors and worldwide accessibility to customers add to the risk.

WHO WE ARE

About Us

Testimonials

Committee Members

Our Partners

CONSUMERS

About Industries

Scam Awareness

E-Remittance

RESOURCES

payments services Act

Anti Money Laundering

FAQ

Help & Support

MEDIA & NEWS

Events

Blog

Gallery

Videos

The global cross-border payment industry is a trillion-dollar market that is being disrupted by new entrants seeking to solve existing pain points for consumers.

The COVID-19 pandemic has accelerated a phenomenon that was already in progress – the digitisation of the way we live.

With Fintech on the rise and banks struggling to keep up, is collaboration the solution?

The global cross-border payment industry is a trillion-dollar market that is being disrupted by new entrants seeking to solve existing pain points for consumers.

The COVID-19 pandemic has accelerated a phenomenon that was already in progress – the digitisation of the way we live.

With Fintech on the rise and banks struggling to keep up, is collaboration the solution?

It’s easier now than ever to send money overseas thanks to the incredible advances in technology

WHO WE ARE

About Us

Testimonials

Committee Members

Our Partners

CONSUMERS

About Industries

Scam Awareness

E-Remittance

RESOURCES

payments services Act

Anti Money Laundering

FAQ

Help & Support

MEDIA & NEWS

Events

Blog

Gallery

Videos

The global cross-border payment industry is a trillion-dollar market that is being disrupted by new entrants seeking to solve existing pain points for consumers.

The COVID-19 pandemic has accelerated a phenomenon that was already in progress – the digitisation of the way we live.

With Fintech on the rise and banks struggling to keep up, is collaboration the solution?

The global cross-border payment industry is a trillion-dollar market that is being disrupted by new entrants seeking to solve existing pain points for consumers.

The COVID-19 pandemic has accelerated a phenomenon that was already in progress – the digitisation of the way we live.

With Fintech on the rise and banks struggling to keep up, is collaboration the solution?

It’s easier now than ever to send money overseas thanks to the incredible advances in technology

Remittance Association (Singapore)