SINGAPORE: Tin Pei Ling, People’s Action Party (PAP) Member of Parliament for Macpherson SMC, has announced her departure as managing director of the fintech company DCS Card Centre.
She spent nine months with the company before leaving.
MetaComp, Singapore’s digital payment token service provider, has appointed the 40-year-old politician as its co-president.
MsTin shared the news of her career change on Monday (24 June) via LinkedIn.
In her new role, she will focus on driving strategic partnerships and corporate development, particularly in green fintech, in response to the critical global imperative of sustainability.
She expressed eagerness to contribute to sustainable finance by bridging traditional finance and digital assets, collaborating with Chairman & Co-Founder Dr Bo Bai (白波博士) and fellow Co-President Mr. Eddie Hui.
“I look forward to being part of this innovative ecosystem and contributing to a sustainable future,” Ms Tin wrote.
MetaComp operates under MetaVerse Green Exchange (MVGX) Holdings, a licensed tech group in Singapore, alongside its subsidiaries MVGX, MVGX TECH, and Asia Green Fund (AGF).
The firm is a major payment institution offering digital payment token services and cross-border money transfer services.
In a separate post, MetaComp has warmly welcomed Ms Tin aboard, announcing her new role effective from 24 June.
The statement added that she will focus on enhancing strategic partnerships and corporate development to propel MetaComp forward as a leader in integrating traditional and crypto finance.
“In today’s bustling fintech space, MetaComp is at the forefront of driving financial solutions that help our customers navigate money management between traditional finance and crypto finance,” says Dr Bai.
He highlighted Tin’s extensive experience in strategic development, emphasizing her value as a key addition to MetaComp’s leadership team.
“Her vision and drive perfectly align with our aspirations at MetaComp, and I am confident she will significantly contribute to our continued success,” adds Dr Bai.
Ms Tin’s previous job role at Grab sparked public scrutiny
Ms Tin assumed her latest role at DCS Card Centre in October of last year.
As managing director, her responsibilities included fostering strategic partnerships and spearheading future market expansion.
Reflecting on her tenure at DCS, she expressed deep appreciation for the strong support and invaluable guidance from Chairman Charles and CEO Karen, stating, “I am grateful for the enriching experiences I have had with the team.”
Before her role at DCS, Ms Tin’s appointment at Grab in February 2023 sparked criticism over potential conflicts of interest due to her role as an MP.
This decision was said to be largely influenced by her comprehensive grasp of the digital economy and smart nation policy from a grassroots perspective, as well as her strong connections with the local community.
However, shortly after that, she was redeployed to a different department by Grab Singapore due to public opinion over potential conflicts of interest that could arise from her dual roles as an MP and as the Director of Public Affairs and Policy at Grab.
She said she had informed the PAP in mid-2022 about her potential employment at Grab, formally notifying them of her appointment in September 2022 without objection.
“I understand and have long come to accept the public scrutiny that comes with being an MP. But I would never want it to hinder my ability to serve my constituents well as MP, or to do my job at Grab effectively. And this would be the case if my intentions and actions in the future are always called into doubt, whether justified or not.”
In August 2023, Ms Tin officially stepped down from her position at Grab after serving eight months in the role.
From 2018 to January 2023, Ms Tin was also the Chief Executive Officer at Business China, a Singapore non-profit organisation cultivating Singapore-China relationships and headed by PAP Ministers and MPs
She also spent a year as group director of corporate strategy at Jing King Technology Group, now known as Adera Global from May 2017 to May 2018. The Singapore global company is involved in data security, artificial intelligence and automation.
Tin had spent a couple of years as a full-time MP at Marine Parade GRC after she was elected to Parliament in 2011 and resigned from her job at Ernst and Young.
She has been a MP since 2011, and currently serves as the Chairperson of the Government Parliamentary Committee (GPC) for Communications & Information, and is a member of the GPC for Culture, Community & Youth.