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
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.
First published in: Today