Thailand, Malaysia back Singapore's BLOOM cross-border digital money initiative

Monetary Authority of Singapore announced a strategic partnership on October 23, 2026.

Primary

Monetary Authority of Singapore

Date

October 23, 2026

Sub-sector

PAD/ACH & Bank Rails

Regulatory and central bank backing for cross-border settlement infrastructure signals infrastructure consolidation among Asian financial hubs. Sub-$250M fintech players in B2B payments and remittance may face competitive pressure from public-sector digital rail initiatives.

Primary company

Monetary Authority of Singapore

Counterparty

Not disclosed

Amount

Not disclosed

Event date

October 23, 2026

Sub-sector

PAD/ACH & Bank Rails

HQ

Not disclosed

Structure

Not disclosed

Source published

Not disclosed

Publisher

Finextra

Source: finextra.com