Photo by Adam Śmigielski on Unsplash

MAS, IFC, WEF ink MOU on digital financial inclusion

They will create guidelines for digital financial inclusion financing instruments.

The International Finance Corporation (IFC), the Monetary Authority of Singapore (MAS), and the World Economic Forum (the Forum) will collaborate on initiatives to advance digital inclusion through financial services.

Under the Memorandum of Understanding (MOU) inked by the three parties, Financial institutions and fintech companies will help create guidelines for digital financial inclusion financing instruments.

IFC will drive the development of the guidelines covering digital financial inclusion products, assets, and mechanisms. 

MAS, for its part, will explore synergies with its other initiatives to improve financing access for MSMEs in emerging markets. 

Meanwhile, WEF will leverage its international network of government and private sector partners to promote and share these new solutions and learnings.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!