Payments Council

SINGAPORE (Nov 21): Payment service providers in Singapore by next year will adopt and deploy a common Singapore Quick Response Code (SG QR) that can accept electronic payments by both domestic and international payment schemes, e-wallets, and banks.

(Sept 18): Since Prime Minister Lee Hsien Loong addressed the issue of e-payments in his National Day Rally, new solutions have been raining down.

SINGAPORE (Aug 2): The Monetary Authority of Singapore (MAS) announced on Wednesday it will establish a Payments Council, comprising 20 leaders from banks, payment service providers, businesses, and trade associations.