ABS gives cash incentive to SMEs that sign up for PayNow to minimise virus spread
Add BT as a preferred source
Kelly Ng
Singapore
THE Association of Banks in Singapore (ABS) will give away a total of S$500,000 in rewards to small businesses that sign up for PayNow, in a drive to encourage greater use of digital payments to minimise community spread of Covid-19.
The first 20,000 small businesses to sign up for the service between now and July 31 will get a cash incentive of S$25 each. Those that receive more than 10 payments via the peer-to-peer fund-transfer service during the period will receive an additional S$25, ABS said in a statement on Thursday.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
OCBC consumer banking chief Sunny Quek aims to double wealth business by 2029
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
Hengli’s ex-Singapore unit dismisses staff after US sanctions, at risk of being wound down: sources
