Money

Equity crowdfunding still a relevant, dynamic financing tool

EQUITY crowdfunding remains a relevant and dynamic market even with the advent of cryptocurrency crowdfunding, which is believed to be the latest innovation in crowdfunding, says Jon Medved, chief...

May bank lending flat but better numbers likely in months ahead

BANK lending growth in Singapore was flattish in May, as weaker lending activity to financial institutions partly offset a spurt in lending for trade-related activities.

Bank lending nudges higher in May: MAS

BANK lending in Singapore in May gained 0.3 per cent from the month before, preliminary data from the Monetary Authority of Singapore (MAS) on Friday showed. Loans through the domestic banking unit...

Big push for digital payments with new p2p fund transfer

SEVEN major retail banks in Singapore are set to launch a peer-to-peer transfer service that promises a seamless way to split the cheque or make home-tutor payments using mobile numbers, with the...

New peer-to-peer funds transfer service from July 10

A NEW peer-to-peer transfer service in Singapore through mobile phones will be available from July 10, the Association of Banks in Singapore said on Tuesday.

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.