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PayNow
Disruption and Digitalisation
The 'gift' of real-time payment link set up between Singapore and India
Residents of Singapore and India can now make monetary transfers using just their mobile phone number, UPI identity or VPA.
February 23, 2023
Disruption and Digitalisation
MAS and Reserve Bank of India launch real-time payment linkage between PayNow and India's UPI
From today, residents of Singapore and India can make monetary transfers using their mobile phone number, UPI identity or VPA.
February 21, 2023
Singapore-Malaysia ties
Singapore's PayNow and Malaysia's DuitNow to link in 2022
The first phase of the linkage will be launched in the fourth quarter of 2022.
September 27, 2021
Fintech
Singapore's PayNow to link with India's Unified Payments Interface by July 2022
Once implemented, fund transfers from Singapore to India can be made using UPI virtual payment addresses (VPA).
September 14, 2021
Zest
Singapore's PayNow and Thailand's PromptPay establish world’s first faster payment systems linkage
Singaporeans with PayNow accounts will now be able to make payments in Thailand seamlessly.
April 29, 2021
Disruption and Digitalisation
Non-bank financial institutions to get access to FAST and PayNow
Real-time fund transfers between your bank accounts and e-wallets and transfers from different e-wallets will now be a reality.
November 30, 2020
Singapore economy
MAS discontinues $1,000 notes to pre-empt money laundering and terrorism financing risks
MAS says it will discontinue the issuance of the note from Jan 1, 2021.
November 03, 2020
Catalist watch
Artivision's acquisition of MC Payment approaches finishing line
After changing date of completion several times, Artivision's acquisition of MC Payment approaches the finish line
October 16, 2020
Fintech
Wirecard to cease payment services in Singapore: MAS
Other forms of e-payments such as NETS, PayNow and SGQR continue to be available.
September 30, 2020
Tech
Singapore launches unified QR code for e-payments; new rules soon to address likely risks
SINGAPORE (Sept 17): Singapore on Monday launched the Singapore Quick Response Code (SGQR), which combines multiple payment QR codes into a single SGQR label.
September 17, 2018