The Singapore Payments Network (SPaN), a not-for-profit entity set up by the Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) to administer and govern Singapore’s national payment schemes, has appointed its Chief Executive Officer (CEO) and Board of Directors.

MAS and ABS today jointly announced the incorporation of Singapore Payments Network (SPaN), which will administer and govern Singapore’s national payment schemes.

MAS and ABS jointly announced that a new entity will be set up to consolidate the administration and governance of Singapore’s national payment schemes to position these schemes for the next stage of growth.