TransferWise to ride open-payment rails to quicken transactions

Wed, Oct 03, 2018 - 5:50 AM

Jamie Lee leejamie@sph.com.sg@JamieLeeBT

TransferWise's head of banking Lukas May (far right) speaking at the startup's first anniversary party at its Singapore office.

PHOTO: TRANSFERWISE

Singapore

SINGAPORE'S latest move to open up its instant, round-the-clock payment rails to fintech firms can reduce the odds of downtime, which fintech firms claim to be a result of being wholly reliant on the traditional banking network.

But the...

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