Singapore banks to allow cellphone numbers for transfers

While similar services are already offered by individual banks in Singapore, they are commonly based on the mobile wallet system, meaning that users must deposit some cash into their wallets before they can transfer it to someone else. The new service ... ( read original story ...)

New way to pay up — just use mobile phone numbers or IC

SINGAPORE — Consumers will soon be able to transfer funds directly to one another using their mobile phone number, with the PayNow service. Seven banks — Citibank Singapore, DBS Bank/POSB, HSBC, Maybank, OCBC Bank, Standard Chartered Bank and United ... ( read original story ...)