Money

ABS unveils new funds transfer facility PayNow which requires only cellphone or identity card number

SINGAPORE - Singapore took another step towards becoming a cashless society on Tuesday (June 27) with the unveiling of a new funds transfer service that requires just the recipient's mobile phone...

Simpler rules to draw more venture capital managers

The booming venture capital industry here is set to grow further in the coming months as new rules kick in to allow start-ups easier access to funding.

SPH-backed MoneySmart gets S$14m Series B

MONEYSMART.SG, a homegrown finance portal that allows users to compare loans, insurance plans and credit cards, has raised S$14 million in Series B funding.

DBS cashless payments initiative reaches out to nearly 3,000 merchants

SINGAPORE - DBS has reached out to nearly 3000 cash-based merchants in Singapore within less than a month of the launch of its cashless payments drive called Snap, the bank said in a release on...

OCBC Bank launches cashless QR code payments with mobile app

SINGAPORE - OCBC Bank has launched its first stand-alone mobile payments app which makes QR code cashless payments available at close to 2,500 Nets terminals, the company said Tuesday.

IMDA, SGX team up to help tech SMEs access capital markets

AS part of efforts to help SMEs (small and medium-sized enterprises) reap the benefits of the digital economy, the Infocomm Media Development Authority of Singapore's (IMDA)...

Two new coffee shops using digital payments and robots launched this weekend

SINGAPORE - Patrons to two new coffee shops in Tampines and Choa Chu Kang can look forward to fuss-free dining experiences, with new processes such as digital ordering and cashless payment options...

More hawkers are going cashless with DBS

You can now walk into some hawker centres and whip out your phone, instead of your wallet, to pay for your $3.50 bowl of ban mian.

Integrated payment terminals at Dairy Farm group's checkout counters

SINGAPORE - Cashier counters at outlets under the Dairy Farm group will no longer have multiple machines for payment.

Helping SMEs tap Asia's boom in infrastructure

Asia is in dire need of more roads, railways and utility plants, and that means opportunities for Singapore companies in the lucrative infrastructure development sector.