Search Results for "PayNow"
Singapore and China to Begin e-CNY Pilot, Explore Cross-Border Payment Linkage
Singapore and China have agreed to collaborate on a pilot programme that uses the e-CNY, China’s central bank digital currency (CBDC), for cross-border transactions. This programme is designed to ease payments for travelers from both countries during their overseas visits.
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Singapore Fintech Report 2023: Pioneering Digital Currencies and Cross-Border Linkages
The Singapore Fintech Report 2023 examines a significant year for the space in Singapore. With one of the most advanced and innovative fintech ecosystems in the world, an enhanced focus on digital money and assets, increased adoption of new technologies,
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Singapore Fintech Festival 2023: Top 9 Highlights You Might Have Missed
The Singapore Fintech Festival (SFF) wrapped up its annual event on November 17, 2023, concluding a multi-day fintech program that attracted an estimated audience 60,000+ attendees. This year’s SFF brought together leaders and experts from around the world in finance,
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Digital Assets and Sustainable Finance Take Center Stage at Singapore Fintech Festival
At the Singapore Fintech Festival 2023, Ravi Menon, Managing Director of the Monetary Authority of Singapore, delivered an insightful address on fintech’s current and future direction. His speech thoughtfully reflected Singapore’s advancements in fintech since the previous year and a
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Instant P2P Fund Transfers Now Enabled Between Singapore and Malaysia
The Monetary Authority of Singapore (MAS) and Bank Negara Malaysia (BNM) have unveiled a new real-time payment linkage connecting Singapore’s PayNow and Malaysia’s DuitNow. This facilitates instant person-to-person (P2P) cross-border fund transfers, allowing users to transfer funds between the two
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OCBC’s Digital Banking Services Back Online After Intermittent Disruptions
OCBC Bank has announced that its internet banking, OCBC Digital App Funds Transfer, and PayNow services have resumed after experiencing intermittent technical issues in a Facebook post yesterday (7 November 2023) at 2.45 pm. However, the comments from users after
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Payments Startups in Singapore
Explore 146 Payments Startups in Singapore based on the Singapore Fintech Map 2023. List of Payments Startups in Singapore Image by storyset on Freepik
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How Will DBS Bank Reclaim Trust After Service Interruptions?
DBS Bank, one of Singapore’s largest financial institutions, is facing an unexpected year of technical challenges in 2023. While digital banking has positioned itself as a convenient and efficient alternative to traditional banking methods, it’s not without its pitfalls. The
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Singapore Overtakes Hong Kong in Digital Banking Adoption
Advancements in technology, changing demographics and supportive regulations are driving the rise of digital banking in Asia, with Singapore and Hong Kong emerging as key players. While both locations have witnessed significant growth in their respective digital banking landscape, adoption
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Coinbase Singapore Receives Major Payment Institution Licence from MAS
Coinbase Singapore has been granted a Major Payment Institution (MPI) licence by the Monetary Authority of Singapore (MAS). This follows its initial In Principle Approval and facilitates an extended offering of Digital Payment Token services in Singapore. Singapore’s growing role
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