PayNow

Singapore's PayNow and Thailand's PromptPay establish world’s first faster payment systems linkage - THE EDGE SINGAPORE

Banking & finance

Singapore's PayNow and Thailand's PromptPay establish world’s first faster payment systems linkage

The Association of Banks in Singapore (ABS) has announced that the linkage between Singapore’ PayNow and Thailand’s PromptPay has been established.

Disruption and Digitalisation

Non-bank financial institutions to get access to FAST and PayNow

Eligible non-bank financial institutions (NFIs) licensed as major payment institutions will now have direct access to Fast and Secure Transfers (FAST) and PayNow, says the Monetary Authority of Sin

MAS discontinues $1,000 notes to pre-empt money laundering and terrorism financing risks - THE EDGE SINGAPORE

Singapore economy

MAS discontinues $1,000 notes to pre-empt money laundering and terrorism financing risks

The Monetary Authority of Singapore (MAS) says it plans to discontinue the issuance of the $1,000 note from Jan 1, 2021.

Artivision's acquisition of MC Payment approaches finishing line - THE EDGE SINGAPORE

Catalist watch

Artivision's acquisition of MC Payment approaches finishing line

After seven extensions of the long stop date, the latest being Dec 31, Artivision Technologies appears ready to acquire MC Payment via a reverse takeover.

Wirecard to cease payment services in Singapore: MAS - THE EDGE SINGAPORE

Fintech

Wirecard to cease payment services in Singapore: MAS

The Monetary Authority of Singapore (MAS) has directed Wirecard entities in Singapore to cease their payment services on September 30.

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.

Startups, Entrepreneurs, Digital economy

2 in 3 SMEs expect to go cashless by 2023: OCBC

SINGAPORE (Aug 10): Times are changing for businesses with the boom of the e-payments movement in Singapore.

Singtel Dash adopts Singapore Quick Response Code (SG QR). Photo by Singtel.

Fintech

Singapore to roll out unified SG QR for electronic payments by 2018

SINGAPORE (Nov 21): Payment service providers in Singapore by next year will adopt and deploy a common Singapore Quick Response Code (SG QR) that can accept electronic payments by both domestic and

Fintech

Singapore, Thailand explore e-payment alliance

(Oct 5): Singapore and Thailand are in discussions about connecting their national digital payment systems to forge an unprecedented regional alliance, as officials step up efforts to curb the use

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