Money

Alipay to expand cashless payments to Singapore banking users, inks deal with local startup

SINGAPORE - China cashless payment service provider Alipay plans to expand its 20,000 acceptance points in Singapore, and will "soon" open up the platform to Singapore banking users.

When Lim Swee Say felt like a 'suaku' paying cash in Shanghai

Manpower Minister Lim Swee Say was queueing up to buy chestnuts at a roadside hawker stall in Shanghai a few years ago.

Singapore dollar surge leaves market expecting pullback in H2

HAS the Singapore dollar (SGD) gone up too much? Yes, say analysts, who believe that it would start to retrace against the US dollar in the second half of this year.

New Payments Council to plot S'pore's cashless drive

THE Monetary Authority of Singapore (MAS) has roped in representatives from several tech companies into its newly formed payments council, as its members look at how to build a cashless society in...

Sing dollar too strong: DBS currency strategist

THE Singapore dollar (SGD) is too strong as the greenback continues to struggle and is becoming oversold, said Philip Wee, DBS Bank senior currency strategist. Year to date, the SGD has gained over 6...

MAS to regulate crowdfunding involving digital tokens

MOST emerging forms of crowdfunding in Singapore involving the use of digital tokens, including cryptocurrencies such as Bitcoin, will likely be regulated by the Monetary Authority of Singapore,...

SMEs can now link DBS accounts to cloud service

DBS Bank and cloud accounting firm Xero have introduced a system that speeds up account management for small businesses.

SMEs can now link DBS bank accounts with Xero's cloud accounting platform

SINGAPORE - DBS Bank and Xero, a leading cloud accounting platform, have come up with a way for small businesses to connect their DBS business banking accounts to Xero immediately, said the two...

Bank lending's uptrend seen being sustained in H2

BANK lending in Singapore may sustain its momentum into the second half of the year amid an improving economic outlook.

Singapore bank lending up 0.4% in June: MAS

BANK lending in Singapore rose 0.4 per cent in June from the month before, preliminary data from the Monetary Authority of Singapore on Monday showed.

No more paperwork as SMEs open OCBC bank accounts using iPads

SINGAPORE - Owners of small and medium-sized enterprises (SMEs) can now open an account with OCBC Bank without signing multiple forms or filling in the same details several times.