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Global

Singtel adds international m-payment capabilities to Dash app

“Singapore operator Singtel has expanded the payment capabilities of its all-in-one mobile payments app dubbed ‘Dash’, to include international mobile payments. Dash customers can now use their Visa Virtual Account on the Dash app at millions of online retailers worldwide and merchant points that accept Visa Contactless Payments. In addition, customers can also use Dash […]
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Global

Ride-hailing firms boost e-payment adoption in Singapore

“Singapore continues to lead in digital payment services adoption across Southeast Asia with 52% of Singaporeans already using such services, according to Google and Temasek’s e-Conomy SEA 2018 report. It was followed by Indonesia and Malaysia at 46% and 45%, respectively.”
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Global

Rise of the QR code for mobile payments in Singapore

“As Singapore accelerates its journey towards a cashless society, the use of mobile payments* is gaining traction among Singaporeans. According to The Future of Payments Study** conducted by UnionPay International and Nielsen with 400 Singapore consumers aged 18 to 65, 58% of Singaporeans have used at least one form of mobile payment in the past three months, and close […]
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Global

Rapyd to Launch Cashless Payments Platform in Singapore

“Rapyd, a London-based startup fintech, announced the launch of a Singapore payments platform that will help enable cashless transactions for businesses and consumers.  The firm, which received a remittance license from the Monetary Authority of Singapore last month, said it will roll out a comprehensive payments platform that will allow a range of bank transfers, […]
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Companies

OCBC Brings Google Pay’s P2P Funds Transfer Service to Singapore

“OCBC Bank has brought Google Pay’s peer-to-peer (P2P) funds transfer service to Singapore, making the Republic the third country where this service is available. Before this, the service was available only in the US and India. With the new service, OCBC Bank customers can pay directly from their bank accounts to anyone registered to PayNow […]
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Domains

Gojek Lets DBS PayLah in on the Ride

“Customers of ride-sharing operator Gojek can now book and pay for their fares with DBS Bank’s digital payment app PayLah. The move is an extension of a partnership established in 2018, when Gojek began its foray into the Singapore market.  It gives more than 1.7 million users of PayLah the option to book and pay […]
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Global

ByteDance in talks with Singapore’s Lee family on banking licence bid

“ByteDance is in talks to join forces with Singapore’s influential Lee business family, as the Chinese technology group looks to expand into banking for the first time. The company has bid for a digital bank licence in the city-state and is negotiating a tie-up with an investment group linked to the Lees, said three people […]
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Global

Singapore to Assess COVID-19 Impact on Digital Bank Bidders

“Bidders for five Singapore digital bank licences on offer will have to factor in how the COVID-19 outbreak has impacted their funding and profitability plans, as the central bank kicks off interviews with applicants over the next few weeks, three sources aware of the matter said. Singapore has drawn interest from 21 applicants seeking to […]
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Global

Face Verification Technology to Allow SingPass Holders to Sign up for DBS Digital Banking Services Using a Selfie

“SingPass holders will be able to sign up for DBS’ digital banking services by taking a picture of themselves through the use of face verification technology, following a rise in digital banking amid the COVID-19 pandemic. The pilot programme aims to benefit more than 1 million DBS customers who are SingPass holders and do not use […]