Money

Premium tea retailer Teabox bags US$7m Series B funding

PREMIUM tea brand Teabox announced on Dec 13 it has secured US$7 million in Series B funding from Singapore-based investment firm RB Investments, with existing investors also taking part.

Singapore October bank lending up 1.4%: MAS

SINGAPORE'S total bank lending in October climbed 1.4 per cent from September, on the back of higher loans to financial institutions.

UnionPay QR code payments to be launched across all six AsiaMalls shopping centres in 2018

ASIAMALLS Management and UnionPay International have signed a memorandum of understanding (MOU) which will see the acceptance of UnionPay QR code payments across all six AsiaMalls shopping centres in...

Single QR code system at hawker centres soon

Pay for a plate of chicken rice by scanning a QR code using your phone? Consumers here will soon be able to do so at hundreds of hawker stalls without having to fuss over which banking app to use...

PayNow to rope in businesses; Singapore plans for payment links abroad

SINGAPORE'S local and overseas payment systems are getting a big boost with a rollout of initiatives to beef up the Republic's cashless efforts, and plans for payment linkages with neighbouring...

Imagining a cashless Singapore in 2027

IT'S Oct 5, 2027. Retiree Jason meets up with his friends for dinner. After a S$50 meal, automatically adjusted for S$3 loyalty and S$3 senior citizen discounts, Jason pays by tapping his...

Visa wants to lead S'pore to go cashless

IT took a trip to Sweden for Visa Singapore's country head to confirm that Singapore is a victim of its own success where its cashless pursuit is concerned.

PayNow extends to businesses from 2018

THE first peer-to-peer fund-transfer service in Singapore is expected to be extended to corporates and businesses in 2018, as Singapore ramps up its cashless services to bring greater efficiency...

Your face is your password at OCBC

FACE value now has a whole new meaning, with OCBC launching facial recognition for customers to access their consumer and business banking apps on the iPhone X.

Grab launches GrabPay to eateries and retailers

SINGAPORE is yet another step closer to a cashless society, as Grab on Wednesday launched its mobile wallet service GrabPay to merchants.

September bank lending up 6.2% amid improved business sentiment

SINGAPORE'S total bank lending may be reflecting a lift in business sentiment, amid brighter economic prospects coming from the Republic.