All financial markets in Singapore remain open, and payment services are unaffected, the MAS said in a statement on Friday .
Financial services is one of the essential services exempted from the suspension of activities at workplace premises under the elevated safe distancing measures announced by the Ministry of Health today, the de facto central bank said. Banking services will continue to be available through online channels, ATMs and bank branches. Insurance, broking, custody, asset management and financial advisory services will also continue to be available, the monetary authority said.
The MAS said banks will maintain adequate cash in ATMs and ask the public not to withdraw more cash than their normal needs. People are encouraged to use PayNow, FAST, Interbank GIRO, and debit or credit cards to make payments electronically.
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