The digital payment landscape in Singapore is rapidly evolving, driven by advancements in API integration, digital banking infrastructure, and regulatory initiatives. The country’s embedded finance market, including sectors such as credit, insurance, payments, and wealth management, is on an upward trajectory, thanks to strategic collaborations and an API-first ecosystem. Supported by the Monetary Authority of Singapore’s regulatory frameworks and digital banking licenses, embedded financial services are becoming increasingly integrated within non-financial platforms to enhance consumer engagement and service offerings. The market’s projected growth is further fueled by expansions in SME lending, retail payments, and buy now, pay later (BNPL) solutions, underpinned by technological innovations and open data policies.
In other trading, Shriram Finance was a standout up 6.4% and ending the day at ₹796.55, close to the 52-week high. On Friday, the company reported increased Q2 revenue and net income compared to the previous year.
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