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DBS cuts transaction fees for SME corporate payments
Bank said that in 2017, nine in ten new SME accounts were opened online
Published Wed, Jan 24, 2018 · 09:50 PM
Singapore
DBS has cut transaction costs for small and medium-sized enterprises (SMEs), as more of the SME transactions go online.
It told The Business Times this week that corporate payments using the real-time and round-the-clock payment rail in Singapore known as FAST (Fast And Secure Transfers) have been priced at 50 Singapore cents per transaction at DBS.
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