India and Singapore Announce First Project For Fast Payment Systems
The Reserve Bank of India (RBI) and the Monetary Authority of Singapore (MAS) announce a project to link their respective fast payment systems viz. Unified Payments Interface (UPI) and PayNow. The linkage is targeted for operationalisation by July 2022. The UPI-PayNow linkage will enable users of each of the two fast payment systems to make […]
PAYNow
The convenience of PayNow is finally available to businesses, corporate and government agencies.With PayNow Corporate, your customers can now enter your Unique Entity Number (UEN) or scan a QR code to make payment.Previously, PayNow was only available as a peer-to-peer transaction service. To transfer funds, the payer will have to enter the mobile phone number […]
Singapore, Thailand launch real-time cross-border payments system
In a world first, Monetary Authority over Singapore (MAS) then the Bank about Thailand (BOT) has launched the linkage of Singapore’s PayNow and Thailand’s PromptPay real-time fee systems, enabling clients beside both international locations to function cross-border possessing transfers the use of only their cellular numbers. Customers about participating banks among the pair international locations […]
GrabPay, LiquidPay as well as SingTel’s Dash-The Non-bank E-Wallets launch PayNow offer
For the three non-banking Financial institutions (NFIs) namely the Grab Financial Group, Liquid Group as well as SingTel’s Dash have been offered up from The Association of Banks in Singapore (ABS) who have announced offering up for the initial time PayNow offer from Tuesday 09th of February 2021. This paradigm shift or action will empower […]
