Derek Chan named as CEO of new entity governing Singapore’s payment schemes

The Singapore Payments Network will administer and oversee eight national payment schemes, including PayNow.

Published Oct 28, 2026, 03:44 PM

Updated Oct 28, 2026, 03:44 PM

Singapore Payments Network (SPaN) appoints Derek Chan as its first CEO to lead the new body overseeing Singapore’s eight national payment schemes.

Chan brings almost 20 years’ payments experience, and leaders say he will help build SPaN’s governance, operations and industry links during its formative phase.

SPaN will start in early 2027 and aims to transfer schemes smoothly from current operators, keeping payments secure, accessible and resilient.

SINGAPORE – The Singapore Payments Network (SPaN) , which will administer and oversee the Republic’s eight national payment schemes, has appointed Derek Chan as its first chief executive officer.

Chan has almost 20 years of leadership experience in the payments sector, said the Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) in a statement on Oct 28 .

He has led payment scheme development, payments operations and industry engagement, including roles at global card schemes.

He was also the chief business office r of Banking Computer Services – a subsidiary of NETS – which manages Singapore’s payment infrastructure and operates national payment schemes.

“Drawing on his diverse cross-sector experience and familiarity with the industry participants and Singapore’s payments landscape, Chan is well placed to lead SPaN through its formative phase, establish its operating capabilities and advance its strategic objectives,” said the statement.

Chan said SPaN was established to consolidate the governance and development of Singapore’s national payment schemes.

He added that it will build on close partnerships with MAS, industry participants and Banking Computer Services, with each bringing important contributions to how SPaN delivers on its mandate.

“Together, we are committed to maintaining a payment infrastructure that is secure, accessible and responsive to the evolving needs of Singapore’s payments landscape,” he said.

SPaN is governed by a board chaired by current MAS deputy managing director (corporate development) Jacqueline Loh, who said the establishment of SPaN’s inaugural board and the appointment of its first chief executive officer are important milestones for the company.

“As SPaN progresses towards operational readiness, we will focus on strengthening governance, advancing industry collaboration and building a future-ready foundation to ensure that Singapore’s payment schemes remain world-class – widely accessible, operationally resilient, and at the forefront of payments innovation,” she said.

From Nov 1, Loh will relinquish her role as deputy managing director (corporate development) at MAS and assume the role of principal advisor in the Managing Director’s office.

She will support MAS’ managing director across various areas of risk oversight, governance and leadership development, alongside her role as SPaN’s chairman.

SPaN’s 11-member board comprises two senior representatives from MAS, five from bank and non-bank financial institutions, as well as four independent industry directors.

“The board will provide strategic oversight as SPaN works to keeping Singapore’s national payment schemes accessible, resilient and future-ready,” said the statement.

It added that the members bring together deep expertise in banking, technology, global payments, innovation, governance, legal and regulatory affairs.

SPaN will begin operations in early 2027, w ith an immediate focus on ensuring a seamless and stable transition of the national payment schemes from their current administrators.

Four payment schemes – Fast And Secure Transfers, Inter-bank GIRO System, Singapore Dollar Cheque Clearing System and US Dollar Cheque Clearing System – are currently under the Singapore Clearing House Association.

PayNow, eGIRO and Electronic Deferred Paymen t are currently under ABS, while Singapore Quick Response Code is under M AS and the Infocomm Media Development Authority.

MAS and ABS had first announced plans to consolidate Singapore’s national payment schemes under a single entity on Feb 12.

Monetary Authority of Singapore

ABS/Association of Banks in Singapore

新加坡支付网络将管理和监督八个国家支付计划，其中包括 PayNow。

发布于 2026 年 10 月 28 日下午 3:44

更新于2026年10月28日下午3:44

新加坡支付网络（SPaN）任命 Derek Chan 为首任首席执行官，领导这个负责监管新加坡八个国家支付计划的新机构。

Chan 拥有近 20 年的支付行业经验，领导层表示，他将在 SPaN 的初创阶段帮助其建立治理、运营和行业联系。

SPaN 将于 2027 年初启动，旨在将现有运营商的方案顺利转移过来，确保支付安全、便捷和稳定。

新加坡——负责管理和监督新加坡共和国八个国家支付计划的新加坡支付网络（SPaN）已任命陈德瑞为首任首席执行官。

新加坡金融管理局 (MAS) 和新加坡银行协会 (ABS) 在 10 月 28 日的一份声明中表示，陈先生在支付领域拥有近 20 年的领导经验。

他曾领导支付方案开发、支付运营和行业合作，包括在全球卡组织中担任职务。

他还是 NETS 子公司 Banking Computer Services 的首席商务官，该公司负责管理新加坡的支付基础设施并运营国家支付计划。

声明称：“陈先生拥有丰富的跨行业经验，熟悉行业参与者和新加坡的支付格局，完全有能力带领SPaN度过初创阶段，建立运营能力，并推进其战略目标。”

陈先生表示，SPaN 的成立是为了巩固新加坡国家支付体系的治理和发展。

他还补充说，SPaN 将与新加坡金融管理局、行业参与者和银行计算机服务公司建立紧密的合作关系，各方都将为 SPaN 如何履行其使命做出重要贡献。

他表示：“我们将共同致力于维护一个安全、便捷且能够响应新加坡支付领域不断变化的需求的支付基础设施。”

SPaN 由董事会管理，董事会主席是现任新加坡金融管理局副总经理（企业发展）罗嘉琳。罗嘉琳表示，SPaN 首届董事会的成立和首任首席执行官的任命是公司发展的重要里程碑。

她表示：“随着新加坡支付网络（SPaN）逐步迈向运营准备阶段，我们将着重加强治理、推进行业合作，并构建面向未来的基础，以确保新加坡的支付体系保持世界一流水平——广泛可用、运营稳健，并处于支付创新前沿。”

从 11 月 1 日起，罗女士将卸任新加坡金融管理局副总经理（企业发展）一职，转任总经理办公室首席顾问。

她将协助新加坡金融管理局（MAS）董事总经理处理风险监督、治理和领导力发展等各个领域的事务，同时她还将担任新加坡金融管理局网络（SPaN）主席。

SPaN 的 11 名董事会成员包括两名来自新加坡金融管理局的高级代表、五名来自银行和非银行金融机构的代表，以及四名独立行业董事。

声明称：“董事会将提供战略监督，以确保新加坡国家支付体系保持可及性、韧性和面向未来。”

声明还补充说，成员们在银行业、技术、全球支付、创新、治理、法律和监管事务方面拥有深厚的专业知识。

SPaN 将于 2027 年初开始运营，其首要任务是确保国家支付体系从其现有管理机构顺利、稳定地过渡。

新加坡清算所协会目前负责四种支付方案——快速安全转账、银行间GIRO系统、新加坡元支票清算系统和美元支票清算系统。

PayNow、eGIRO 和电子延期付款目前由 ABS 管理，而新加坡快速响应码则由 MA S 和资讯通信媒体发展局管理。

新加坡金融管理局 (MAS) 和新加坡银行家协会 (ABS) 于 2 月 12 日首次宣布计划将新加坡的国家支付计划合并到一个实体下。

新加坡金融管理局

新加坡银行协会/新加坡银行公会