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PayNow-DuitNow linkage may lower cash use when borders open

    Published Mon, Sep 27, 2021 · 09:50 PM

    Singapore

    SINGAPORE'S largest remittance corridor connects with Malaysia, and this pipe will soon see quicker payments flow through once the two countries' real-time payment systems link up next year.

    The Monetary Authority of Singapore (MAS) and Bank Negara Malaysia (BNM) on Monday announced plans to start a phased linkage of Singapore's PayNow and Malaysia's DuitNow payment rails starting from the fourth quarter of 2022.

    Monetary Authority of SingaporeBank Negara MalaysiaPayments

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