SINGAPORE (Oct 1): Payment performance remained lacklustre in 3Q19 as prompt payments continued on a downtrend, according to a new report released Tuesday by the Singapore Commercial Credit Bureau (SCCB).

Prompt payments accounted for less than half of total payment transactions in 3Q19, retreating 0.63 percentage points to 48.81% during the quarter, compared to 49.44% in 2Q19.

However, on a year-on-year basis, the percentage of prompt payments was 0.5 percentage points higher than the 48.31% recorded in the same period last year.

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