SPaN Appoints Inaugural CEO and Forms Board
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On October 28, 2026, the Singapore Payments Network (SPaN) appointed Derek Chan as its inaugural chief executive officer and formed an 11-member board chaired by Jacqueline Loh, Deputy Managing Director of the Monetary Authority of Singapore (MAS). Established jointly by MAS and the Association of Banks in Singapore (ABS), SPaN plans to begin operations in early 2027. It will manage and govern Singapore’s national payment schemes, starting by facilitating a smooth transition of the relevant schemes from their current administrators.
AI-written from reports · updated 2 hours ago
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- Fintech News SingaporeSingapore Payments Network appoints Derek Chan as its first CEO and establishes an 11-member board
Singapore Payments Network (SPaN) has appointed Derek Chan as its first CEO and established an 11-member board chaired by Jacqueline Loh, Deputy Managing Director of the Monetary Authority of Singapore (MAS). Established by MAS and the Association of Banks in Singapore (ABS), SPaN will begin operations in early 2027. It will be responsible for managing and governing Singapore’s national payment schemes, and plans to first facilitate their smooth transition from their existing operators.
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