SINGAPORE

Currency: Singapore dollar (SGD)

RTGS: MEPS+ (Monetary Authority of Singapore Electronic Payment System)

Message format currently in use: SWIFT MT

ISO migration planned? Timeline: planned in 2021[1].MonetaryAuthority of Singapore is in the process of consultations with the banking industry on the adoption of ISO 20022[2]

Governing body of the migration: Monetary Authority of Singapore (MAS)

Message format: not documented

Singapore SGD ISO migration

[1]https://www.accenture.com/_acnmedia/pdf-109/accenture-iso-20022-opportunities-apac.pdf

[2]International Monetary Fund – Singapore Financial assessment program.