Money

Singapore bank lending up 5.9% year on year in July, for 10th straight monthly rise

SINGAPORE - Bank lending rose 5.9 per cent year-on-year in July, slowing from June's 7.6 per cent growth, which was the fastest in over two years as both business and consumer loans improved.

Grab plans to enable customers to pay merchants using GrabPay in Q4

GRAB on Wednesday launched its new peer-to-peer fund transfer feature that enables consumers to transfer GrabPay Credits to one another. It also plans to further develop the technology to enable...

Wanted: Ideas to get heartland to go cashless

What e-payment technology will work at the hundreds of hawker centres, coffee shops and heartland shops in Singapore?

Can Singapore catch up in race to go cashless?

Going cashless has been costly for consumers and merchants, with multiple systems and no coordination. But soon, a PayNow system using QR code promises to let Singapore play catch-up.

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,...