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The link will enable more seamless payments for the high volume of remittances between the two neighbors, which reached S$1.3 billion ($960 million) in 2020. Singapore and Malaysia’s central banks will be embarking on a phased linkage of PayNow and DuitNow,…
The initiative will remove one of the roadblocks – the need for physical signatures – in fully digitalizing the documentation process. UOB is starting a 12-month trial to test the use of Government Technology Agency’s (GovTech) Sign with Singpass among its…
The move by PayNow to adopt SGQR makes it easier for businesses and consumers to use the mobile e-payment service. PayNow is adopting Singapore Quick Response (SGQR) specifications, which allows businesses and billing organizations to collect PayNow payments…
Singapore operator M1 has partnered with the nation’s United Overseas Bank (UOB) to offer PayNow as a payment mode for M1 customers. Under the agreement, M1 customers can now make mobile payments for purchases via PayNow at all M1 Shop outlets, as well as…
After years of creeping at a snail’s pace, the e-payment scene has roared to life, setting 2018 up to be the year that cashless payments could finally become ubiquitous. Once Prime Minister Lee Hsien Loong made a call for a unified e-payment system at the…
