India and Singapore have linked their digital payments systems, UPI and PayNow, to enable instant and low-cost fund transfers.
Singapore Air’s Third-Straight Profit Puts Covid Firmly In Past
Singapore Airlines Ltd. posted a third consecutive quarterly profit on Tuesday, pushing the damage of Covid further into the past as air travel continued its strong recovery in the three months ...
HSBC signals rate rise profit windfall has peaked even as payouts rise
HSBC dampened investors' expectations of a sustained income bonanza from rising global interest rates, even after Europe's biggest bank reported a 92% surge in quarterly profit and pledging more ...
S’pore PayNow users can now instantly transfer funds to others in India
For a start, selected DBS and POSB customers will be able to use the service to transfer up to $200 per transaction. Read more at straitstimes.com.
Evening Update: Today’s headlines from The Straits Times on Feb 21
You are reading the Evening Update newsletter. Get up to speed with the important stories from the day. Subscribe to our newsletter. Read more at straitstimes.com.
India expands national payment network to Singapore: What’s in it for crypto?
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 ...