Regional Outlook, Global Perspective

SINGAPORE-AS E-PAYMENTS AND FINTECH GROW, REGULATORS IN HONG KONG AND SINGAPORE NEED TO CATCH UP

SINGAPORE-AS E-PAYMENTS AND FINTECH GROW, REGULATORS IN HONG KONG AND SINGAPORE NEED TO CATCH UP
Cashless Singapore, by Flickr in Wikimedia Commons

By Woo Jun Jie

Today-Oct 5

On September 17, the Singapore government announced that its interbank instant fund transfer system – Fast and Secure Transfers (Fast) – will be opened up to non-banks such as GrabPay and Singtel Dash. This will allow consumers to top up their e-wallets from any bank account, as well as transfer funds into any bank account.

Read more at: https://www.todayonline.com/commentary/e-payments-and-fintech-grow-regulators-hong-kong-and-singapore-need-catch

First published in: Today

 

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