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Costlier cheques, e-payment fee waiver to further wean SMEs off cheques

Firms welcome fee waivers on e-payments but say time needed for all vendors and suppliers to make the switch

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Published Mon, Sep 23, 2019 · 09:50 PM

    Singapore

    SINGAPORE firms are switching from cheques to e-payments, but the pace is just not fast enough.

    To give them a further push, local banks OCBC and DBS are raising cheque fees and, at the same time, offering promotional rates for electronic transactions.

    Singapore SMEsDBSOCBCUOB

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