Cards & Payments

Singapore: Yes to wholesale, skeptical on retail digital fiat money

SG’s regulator remains iffy on cryptocurrencies—or, in MD Menon’s words, crypto tokens.

Singapore, Malaysia to link real-time payment systems PayNow, DuitNow

Remittances between the two countries reached S$1.3b in 2020.

FavePay teams up with Google Pay to offer cashback to Singapore users

Google Pay users can get up to a 20% cashback when they pay through SGQR.

Singapore, India to link PayNow, UPI payment systems by mid-2022

Fund transfers from India to Singapore will only need mobile phone numbers.

Higher adoption of QR payments ramps up Singapore’s cashless transition

In January, 1.2 million transactions were carried out via the SGQR.

OCBC enables Singaporeans to directly view, pay tax in digital bank platform

Customers have the option to pay their tax balances in full or partially.