PaymentsThe global cross-border payments landscape is evolving
Traditionally handled by dominant global banks, cross-border payments suffered from long settlement periods, high costs and limited transparency…
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Association Membership
Raising the Bar forSingapore's Cross-BorderPayments Industry
Promoting a collective voice for licensees regulated by the Monetary Authority of Singapore.
80+
Licensed Members
2014
Founded
12
Founding Members
MAS
Valued Partner
80+
Members strong
About the AssociationAbout our community
Representing remittance businesses regulated by MAS.
The Remittance Association (Singapore) was initiated by a group of 12 founding members in 2014. Today, we work closely with the government, regulators, regional associations and private companies to promote safe, reliable, inclusive and transparent cross-border payments for consumers in Singapore.
Our role is to promote compliance and proficiency in fair business practices through certification and to support our members with networking, training and digital transformation.
Strong Community
Built around our core values.
Commitment
A central voice for the industry.
Tech & Compliance
Digital and PSA ready.
Association Benefits
Benefits of joining the one & only association for remittance businesses in Singapore.
Although joining is not mandatory, MAS has actively supported the formation of the Association and encourages all licensed money transfer businesses to join RAS.
Recognition of Membership
Businesses licensed to carry out cross-border money transfer are eligible to join Singapore's only industry association.
Collective Voice
A central platform ensuring the industry's voice is heard at the highest levels of decision-making.
Resources & Bulk Purchasing
Access to the latest templates on business, regulatory & compliance from external professionals.
Training, Seminars & Webinars
Year-round sessions on AML compliance, technology, regulations and legal topics led by experts.
Member Networking
Connect with a strong network of remittance providers and industry leaders across Singapore.
Be part of 80+ members
Guiding and supporting the industry since 2014 alongside MAS, enforcement units and government agencies.
Apply to be a Member — just SGD 1,000 / year
Pro-rated when you join in the middle of the financial year (ends 30 Jun). Get recognised and be part of the industry's one and only association in Singapore.
Recognition by MAS
A valued partner of the Singapore Central Bank.
As part of the Monetary Authority of Singapore (MAS) 50th Celebrations, the Remittance Association (Singapore) was honoured to receive the Partners Appreciation Award — an inspiring milestone for the Association.
Held on 07 Oct 2021 at the MAS Building with Prime Minister Lee Hsien Loong as Guest of Honour, the award was presented by Finance Minister Lawrence Wong to 17 organisations who contributed to the resilience of Singapore's financial sector.
Partners Appreciation Award
MAS 50th Anniversary · 2021
Scam Awareness
Stopping customers from sending money to scammers overseas.
RAS members are actively joining the fight against scams — training frontline staff, deploying transaction monitoring, and working with regulators and enforcement units to protect Singapore consumers.
Learn More24/7
Monitoring
AML
Compliance
Training
Front-line staff
Reporting
To authorities
Delighted Members
Hear from our members
What our members say about the Association and how they have benefited.
"As a member of RAS, I know I have a trusted advisor I can turn to for any questions I have."
Ho Chee WaiCountry Head
Blogs & Insights
More Blog Perspectives on payments & compliance
Our blogs feature write-ups on cross-border money transfer, digitalisation, AML compliance and other financial-related matters, updated monthly.
Payments
DigitalHow COVID-19 accelerated the digitisation of money
The pandemic accelerated a phenomenon already in progress — the digitisation of how we live and how we transact electronically…
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FintechFintech is reshaping how consumers manage their finances
With Fintech on the rise, software accessible via mobile devices is empowering consumers. Cryptocurrencies form part of this development…
Read moreStay up to date on RAS news & happenings
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