PayNow
Banks have critical role in helping companies navigate heightened protectionism: DPM Gan
MAS, ABS announce new entity to oversee Singapore’s 8 national payment schemes including Giro, PayNow and QR code
New entity to be set up to run PayNow, Giro and other national payment schemes
MAS and ABS also want to spur growth and innovation in global payments with this new body
MAS extends deadline to cease corporate cheques to end-2026
Retail cheques will still remain available
Payment system to let Singaporeans send money instantly via mobile phones to four countries
RESIDENTS here are closer to the day when they will be able to make instant and cheap cross-border money transfers to four other Asian countries via local apps such as PayNow.
Singapore’s cashless march continues despite bank outages
Ambitions of going cashless have been around for decades. But frequent banking outages have cast the spotlight on the growth and resiliency of such payments. What’s the way forward?
Enjoying seamless QR payments in Indonesia, Thailand and Malaysia
UOB customers can also make use of a real-time fund transfer service to Thailand and Malaysia using the UOB TMRW app
PayNow-DuitNow cooperation allows those in Singapore, Malaysia to now transfer up to S$1,000
THE Monetary Authority of Singapore (MAS) and Bank Negara Malaysia on Friday (Nov 17) jointly launched a new real-time payment systems linkage between Singapore’s PayNow and Malaysia’s DuitNow.
Banking services disruption heightens need for multiple payment methods, say retailers
AFTER the weekend’s major disruption of DBS and Citi banking services, it was business as usual for small retailers on Monday (Oct 16), though some say the incident has reinforced the need for multipl...
Heartland businesses go cashless, but teething problems remain
Heartland shops have grown used to e-payments after a pandemic-era push
When PayNow is down but not out, pending payments should be aborted
ESTABLISHMENTS in Singapore that do not accept digital payments are becoming increasingly rare.
