Search Results for "PayNow"
Close to 500 Cases of Phishing Scams Involving PayNow Transactions Reported in 2021
There were 477 cases of banking related phishing scams involving PayNow transactions in 2021 with a median loss of S$3,400, according to statistics from the Singapore Police Force. Tharman Shanmugaratnam, Senior Minister and Minister in charge of the Monetary Authority
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Stripe Allows Singapore Businesses to Offer PayNow Transactions
Stripe, a global financial infrastructure platform for businesses, announced that its Singapore-based users can begin accepting PayNow as a payment method across its integrated suite of solutions. Since its launch in 2017, PayNow has grown to over 4.9 million registered
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Digital Assets Trading Platform Sparrow Offers PayNow Services for Institutional Clients
Sparrow, a digital assets trading platform headquartered in Singapore, announced that it now accepts PayNow transfers for institutional clients. PayNow is a convenient and secure method of transfer which is in line with the high-security standards adopted by the local
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Singapore’s PayNow to Link Up With India’s UPI for Real-Time Payments by 2022
The Monetary Authority of Singapore (MAS) and the Reserve Bank of India announced plans to link Singapore’s PayNow and India’s Unified Payments Interface (UPI) real-time payment systems by July 2022. The PayNow-UPI linkage will enable users to make instant, low
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Non-Bank E-Wallets GrabPay, LiquidPay and Singtel’s Dash to Offer PayNow
The Association of Banks in Singapore (ABS) announced that for the first time PayNow has been made available to three non-bank Financial Institutions (NFIs) namely Grab Financial Group, Liquid Group and Singtel’s Dash effective from today onwards. The addition of
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E-Wallets Will Soon Have Access to E-Payment Platforms FAST and PayNow
The Monetary Authority of Singapore (MAS) announced that non-bank financial institutions (NFIs) that are licensed as a major payment institution under the Payment Services Act, will be allowed to connect directly to Fast and Secure Transfers (FAST) and PayNow from
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PayNow Increases Default Limit for Ad-Hoc Transactions up to S$200,000
The Association of Banks in Singapore (ABS) announced that all of the nine participating PayNow banks will allow ad-hoc transactions of at least S$5,000 or more. This will enable customers to use PayNow, an electronic fund transfer service, for a
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DBS’ QR Ang Bao Solution Now Open to All Singaporeans with a PayNow Account
Following the success of last year’s DBS QR Ang Baos which saw over SGD 1.5 million loaded during Chinese New Year in 2019, DBS is reintroducing an enhanced version which includes new functions that they say will deliver greater convenience
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PayNow QR is The Latest to Adopt SGQR, Singapore’s Unified Payment QR Code
The Association of Banks in Singapore (ABS) announced yesterday that PayNow QR will adopt the Singapore Quick Response Code (SGQR) specifications, enabling businesses to collect payments via PayNow through the national unified payment QR code, SGQR. The adoption of the
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Singaporeans Transacted Over 1 Billion SGD Per Month on PayNow
The Association of Banks in Singapore (ABS) announced today that the value of PayNow transactions per month has crossed the S$1 billion mark for three consecutive months since July. This significant milestone, highlights the growing ubiquity of PayNow for payment
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