NETS

Singapore's PayNow to link with India's Unified Payments Interface by July 2022 - THE EDGE SINGAPORE

Fintech

Singapore's PayNow to link with India's Unified Payments Interface by July 2022

Once implemented, fund transfers from Singapore to India can be made using UPI virtual payment addresses (VPA).
NETS appoints UOB's head of group technology and operations as new chairman - THE EDGE SINGAPORE

New appointments

NETS appoints UOB's head of group technology and operations as new chairman

The chairmanship is rotated among the three Singapore banks – DBS, OCBC and UOB – once every three years.
Wirecard to cease payment services in Singapore: MAS - THE EDGE SINGAPORE

Fintech

Wirecard to cease payment services in Singapore: MAS

Other forms of e-payments such as NETS, PayNow and SGQR continue to be available.
NETS Group appoints Lawrence Chan as new CEO - THE EDGE SINGAPORE

New appointments

NETS Group appoints Lawrence Chan as new CEO

Chan comes with over two decades of payments experience.

Disruption and Digitalisation

NETS launches same-day settlement for hawkers

SINGAPORE (Jan 17): Hawkers are now able receive their sales proceeds from NETS transactions in their bank account on the same business day.

Tech

Singapore launches unified QR code for e-payments; new rules soon to address likely risks

SINGAPORE (Sept 17): Singapore on Monday launched the Singapore Quick Response Code (SGQR), which combines multiple payment QR codes into a single SGQR label.
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