Only institutions licensed as “major payment institutions” under the Payment Services Act will be eligible, the Monetary Authority of Singapore said today (November 30). They could be given access to ... ( read original story ...)
Singapore to open payment rails for NFIs like GrabPay, Razer Fintech, Singtel Dash
The framework will allow major payment institutions to connect directly to PayNow, Singapore’s national fund transfer service. ( read original story ...)
Non-Banks In Singapore To Get Access To Real-Time Payment Rails
Non-bank lenders in Singapore will soon be granted access to the country's digital payments platforms PayNow and FAST. ( read original story ...)
Ant IPO Has Slim Chance of Getting Done Next Year
The chances that Jack Ma’s Ant Group Co. will be able to revive its massive stock listing next year are looking increasingly slim as China overhauls rules governing the fintech industry, according to ... ( read original story ...)
The Best Christmas Log Cake Promotions in Singapore (2020)
Christmas log cakes aren't cheap, especially if you buy the really nice, glossy ones from hotels. For example, the Yule logs pictured here, from Mandarin Orchard, cost about $80 per 1kg log cake. Of ... ( read original story ...)
UOB secures more than S$3 billion of foreign direct investment into Vietnam in alliance with its Foreign Investment Agency
UOB is stepping up its efforts to help companies seize opportunities in the region's fastest-growing economy, Vietnam [1], after securing more than S$3 billion of foreign direct investment (FDI) into ... ( read original story ...)
Singapore’s DBS says has completed takeover of Lakshmi Vilas Bank
Singapore's DBS Group DBSM.SI said on Monday it had completed its takeover of distressed Lakshmi Vilas Bank, helping it shift from a largely digital presence in India to having hundreds of branches. ( read original story ...)
Singapore’s DBS completes LVB takeover, big boost to India operations
It is a major step forward for DBS Bank India, which will now take over all the branches of LVB — a move that will help it to expand its footprint in India. Earlier, DBS Bank India mostly had a ... ( read original story ...)
LVB customers to get same deposit rates till further notice, says DBS
All Lakshmi Vilas Bank customers will continue to get interest rates on savings bank accounts and fixed deposits as offered by the erstwhile LVB till further notice, DBS said in a ... ( read original story ...)
Commodity-finance industry in Singapore gets code of best practices
This comes after the city-state's reputation as a trusted hub for this lending segment has taken a hit of late.. Read more at straitstimes.com. ( read original story ...)
Singapore’s third-largest bank appears to be building a crypto custody solution
Crypto Security Administrator” to get expert advice on how to design a secure solution for “managing crypto keys” ... ( read original story ...)
‘Let us help you do it all,’ OCBC tells young Singaporeans
The campaign comes as OCBC's data showed that 59% of young Singaporeans are prioritising their now over their future. ( read original story ...)
Ant IPO is said to face slim chances of getting done next year
The chances that Jack Ma’s Ant Group Co. will be able to revive its massive stock listing next year are looking increasingly slim as China overhauls rules governing the fintech industry, according to ... ( read original story ...)
Tech Stocks Slowly Gaining Prominence in Singapore’s Market
(Bloomberg) -- Technology stocks, the lack of which has made Singapore one of Asia’s worst markets this year, are slowly starting to win more clout in the city-state. Load Error The Southeast Asian ... ( read original story ...)
Made Money On A China IPO? Be Careful About What Happens Next
The Singapore native and former venture capitalist is currently ... series C that want to list to hire a CFO to help the business look attractive during an IPO process, he said. “Fundraising is such ... ( read original story ...)
Stamp duty for Rental Units in Singapore: A Complete Guide
This stamp duty is paid to the Inland Revenue Authority of Singapore (IRAS). The tenancy agreement will ... Stamp duties can be done via FAST (for DBS/ POSB Accounts), AXS Kiosk machines, eNETS, bank ... ( read original story ...)