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Fund transfers via mobile phone number could come next year: MAS chief

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By this time next year, Singaporeans will likely be able to transfer funds to each other without needing to know the recipient's bank account number.

[SINGAPORE] By this time next year, Singaporeans will likely be able to transfer funds to each other without needing to know the recipient's bank account number.

Monetary Authority of Singapore (MAS) managing director Ravi Menon revealed this on Friday (Aug 19) as he mapped out the regulator's vision for the Republic's payment landscape.

Full story here.

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