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BT EXCLUSIVE

DBS cuts transaction fees for SME corporate payments

Bank said that in 2017, nine in ten new SME accounts were opened online

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DBS said 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.

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

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