The digital rupee pilot project has logged 770,000 transactions involving eight banks. Five cities are already participating in the experiment, with nine more cities possibly joining the trial soon.
2 arrested, 1,600 cartons of duty-unpaid cigarettes seized by Singapore Customs
The total duty evaded was over $216,000, while the goods and services tax evaded was more than $18,600. Read more at straitstimes.com.
Singapore Budget 2023 Summary: 5 Highlights You Must Know
Keen to read up on the Singapore Budget 2023? Our summary highlights how the government intends to lead Singapore's economy in a post-pandemic environment.
Newcrest to trial 4G LTE, 5G technologies underground at Cadia Valley
Newcrest (ASX: NCM) (TSX: NCM) will trial advanced 4G Long-Term Evolution (LTE) and 5G mobile technologies to assess the potential of cellular delivery of data and video to support a smarter ...
Singapore’s PayNow links up with India’s UPI for real-time cross-border payments
SINGAPORE: Singapore and India on Tuesday (Feb 21) launched a real-time link to facilitate cross-border fund transfers between bank accounts or e-wallets, using mobile phones. This is possible through ...
Singapore Detains 15-Year-Old for Planning Terror Attacks
Singapore detained a 15-year-old student, the youngest person to be held under the city’s Internal Security Act for terrorism-related activities. Another teen had his movements restricted.
HSBC’s dividend spree offset by concern that rate rise profit party may be over
HSBC's quarterly profit surged 92% as rising interest rates swelled net interest income, but its Hong Kong shares fell 2% as a cautious outlook left investors pondering whether the rates boost may ...
HSBC shares slide as it fails to raise key target despite profit surge
SINGAPORE/LONDON, Feb 21 (Reuters) - HSBC's (HSBA.L) profit surged 92% as rising interest rates swelled net interest income, but its shares fell 2% as it failed to raise a key performance target even ...
Woman who had child with Nigerian love scammer gets jail for helping to launder S$356,000
SINGAPORE: A woman who was recruited by a Malaysia-based Nigerian ... She would receive cash in person and through her bank accounts. When Suhaili's POSB bank account was frozen following police ...
S’pore PayNow users now able to instantly transfer funds to others in India
SINGAPORE – PayNow users who are customers at certain financial ... For a start, selected DBS and POSB customers will be able to use the PayNow-UPI linkage to transfer up to $200 per transaction, ...
India, Singapore Launch Real-Time Link for Cross-Border Payments
India and Singapore launched on Tuesday a real-time link to facilitate easier cross border money transfers between one of the world's biggest recipients of remittances and an Asian financial ...
India’s UPI and Singapore’s PayNow linked, know how citizens will be benefited
Why PayNow and UPI get linked? When the system is in place, money transfers can be done using mobile phone numbers from India to Singapore and UPI virtual payment addresses (VPA) from Singapore to ...
In a first, India links online payment systems for seamless cross-border transactions with Singapore
People in both the countries will be able to send money real-time via QR-code based or simply by entering mobile numbers linked to the bank account. "The linking of fintech services between India and ...
Singapore, India users can now send and receive money instantly via PayNow, UPI
SINGAPORE – Singapore customers of DBS Bank and Liquid Group can now send and receive funds to and from bank accounts and e-wallets India in real time using just their mobile phones. Likewise, in ...
UPI-PayNow Linkage Launched; Will Make Cross-Border Remittance Easy Between India and Singapore
If a user wishes to send Singapore Dollars from India to Singapore, log in to your bank's mobile app or net banking, go to Foreign Outward remittance, agree with the terms, and enter the beneficiary's ...
India and Singapore launch UPI-PayNow cross-border payment system
What is PayNow? Just like UPI, Singapore has PayNow facility. The users an send and receive funds from one bank or e-wallet account to another with mobile number. This peer-to-peer payments linkage is ...