SINGAPORE – Governments worldwide will need to step up and build interconnected infrastructure to harness and spread the benefits of their digital economies within their own countries and across their borders, said the Monetary Authority of Singapore (MAS) in a report launched on Monday (April 26).

The report – launched at a hybrid Singapore FinTech Festival (SFF) event – notes that while the rapid growth of digital solutions has helped enhance the economic and social well-being of millions of people around the world, digital inclusion and interoperability with different devices remain as challenges.