Singapore to cut use of cash, hopes to go cheque-free by 2025

without having to disclose details such as bank account numbers. This is made possible with the expansion of the PayNow transfer service to include businesses. PayNow Corporate will start at 8am on Aug 13, the Association of Banks in Singapore (ABS ... ( read original story ...)

Singapore Set to Cut Cash, Checks on Path to Digital Economy

Corporate clients of seven banks will be able to transfer funds via PayNow in Singapore. They are DBS, Oversea-Chinese Banking Corp., United Overseas Bank Ltd., Standard Chartered Plc, HSBC Holdings Plc, Malayan Banking Bhd, and Citigroup Inc, according to ... ( read original story ...)

ExxonMobil Singapore Butyl and Resins Plants Begin Production

SINGAPORE--(BUSINESS WIRE)--Jun 20 ... About ExxonMobil ExxonMobil, the largest publicly traded international oil and gas company, uses technology and innovation to help meet the world’s growing energy needs. ExxonMobil holds an industry-leading ... ( read original story ...)

Singapore court grants Hyflux 6-month debt reprieve

Hyflux's debt, including bank loans, subordinate loans such as perpetual securities and preference shares, and medium term notes, amounts to more than 3 billion Singapore dollars ($2.2 billion), court documents said. During the moratorium period ... ( read original story ...)

Temasek picks 5% in AU Small Finance for Rs 1,000 cr

AU Small Finance Bank, today said Singapore-government owned investment firm, Temasek, has picked up 5 percent stake in the bank for Rs 1,000 crore. The company said this transaction would be one of largest primary capital infusions in the bank. ( read original story ...)

Time to beat Singapore, says Guan Eng

CYBERJAYA, June 19 — It was time Malaysia beat Singapore at its own game and gave the island nation healthy economic competition, Finance Minister Lim Guan Eng said today. Speaking to entrepreneurs at the launch of the Malaysian Global Innovation and ... ( read original story ...)

OCBC, UOB join NETSPay mobile app

SINGAPORE • OCBC Bank and United Overseas Bank (UOB) customers can now digitally store their Nets ATM bank cards on the NETSPay mobile app, Nets announced yesterday. This allows them to make Nets payments through their mobile phones instead of using ... ( read original story ...)

OCBC and UOB tap NETS for mobile and online payments

According to a report, there are about 60,000 NETS QR acceptance points available for mobile payments. “Mobile payments are gaining steam in Singapore, with increasing levels of awareness and the government’s push for a cashless society,” OCBC Bank ... ( read original story ...)