The e-Payments industry is very promising for companies that are able to implement it solidly in the market. Cue assessment case for MC Payments - recently acquired for US $ 59 million (US $ 80 million) This sector promises a lot because the next milestone for the industry is the third generation wallet platform that hosts payments, cryptographic transactions and service integration

Singapore itself is "the right material" to be the Smart Nation, but lags behind other cities in certain areas such as electronic payments, Prime Minister Lee Hsien Loong said. The above statement highlights the country's integrated push for e-payment that opens up more opportunities for new payment platforms to flourish. Payment systems that integrate technology and new trends such as crypto have a much greater opportunity to offer a unique proposition for today's market. Even 2 or 3 market players in the industry will still generate interest / profits from potential buyers and collaborators. This is due to the current backward payment industry

Singapore is rapidly becoming the preferred crypto center. Fintech-friendly status, government grants and accommodative establishment of Initial Coin Offerings (ICO) have made it a favorite for fintech companies coming to Singapore. MAS also takes an accommodative approach where compliance and security regulations apply when considering specific rules for future implementation. The crypto community in Singapore is also quite active and this leads to a growing market for service providers associated with blockchain technology. However, the market is immature and many service providers also concentrate on overseas markets (similar to e-payment payments). There is an opportunity to normalize, dominate and create a unique selling proposition (USP) in order for this project to succeed based on the current environment.

Singapore is rapidly becoming the preferred crypto center. Fintech-friendly status, government grants and accommodative establishment of Initial Coin Offerings (ICO) have made it a favorite for fintech companies coming to Singapore. MAS also takes an accommodative approach where compliance and security regulations apply when considering specific rules for future implementation. The crypto community in Singapore is also quite active and this leads to a growing market for service providers associated with blockchain technology. However, the market is immature and many service providers also concentrate on overseas markets (similar to e-payment payments). There is an opportunity to normalize, dominate and create a unique selling proposition (USP) in order for this project to succeed based on the current environment.

1. The thing that pushed SGPay into '3rd generation' e-wallet and e-payment is caused by 3 factors:
2. The government's push towards electronic payments and the 'non-cash' community will provide the public infrastructure and much-needed support to the SGPay platform
3. The absence of a current payment platform that matches or approaches the success of AliPay in China and PayTM in India
4. MAS's regulatory approach to cryptocurrencies in Singapore that will assist in general acceptance and adoption of implementation on the SGPay platform