Monetary Authority of Singapore (MAS) Joins Mojaloop Foundation for Financial Inclusion

The Monetary Authority of Singapore (MAS) is joining the Mojaloop Foundation, the first central bank to send a director to serve as an advisor to the board of the foundation which supports financial inclusion in developing countries, primarily in Africa and South Asia. MAS is both Singapore’s central bank and its integrated financial regulator.

The foundation's announcement said that Mojaloop will benefit from Singapore's policy development perspectives and technical guidance. Sopnendu Mohanty, chief fintech officer of MAS, will serve as an adviser to the Mojaloop Foundation’s Board of Directors and Alan Lim, division head of the MAS FinTech Infrastructure Office, will serve on Mojaloop’s technical governing board.

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