Google partners banks to streamline PayNow transfers
GOOGLE has, in a tie-up with banks here, revamped its payments app to allow for real-time money transfers via the PayNow rails, tapping the surge in digital payments as Covid-19 restrictions limit...
Google partners banks to streamline PayNow transfers
GOOGLE has, in a tie-up with banks here, revamped its payments app to allow for real-time money transfers via the PayNow rails, tapping on the surge in digital payments as Covid-19 restrictions limit...
TransferWise lowers fees by 15%; net profit more than doubles
AT a time where most businesses are shoring up their finances against the Covid-19 crisis, payments startup TransferWise has reduced its money transfer fees by around 15 per cent for the majority...
Asian banks have ample room to beef up capital: analysts
ASIAN banks have largely been conserving capital by trimming dividends or offering scrip options amid the pandemic, and there are opportunities for them to raise debt from yield-starved investors...
Singapore bank lending down for fifth month in July
SINGAPORE's bank lending extended its slide for the fifth straight month in July, dipping 0.2 per cent to S$678.7 billion from the previous month on general weakness in business loans.
Higher salary floor for foreign hires may put financial hub aspirations at risk
RAISING the salary threshold for Employment Passes (EPs) amid recessionary pressures can encourage financial institutions to hire locals, but some economists think such a "protectionist response"...
Dividend cap on Singapore banks to weigh down sentiment
ANALYSTS have reset their dividend estimates for Singapore banks in the upcoming second-quarter results, while also projecting for sharp dips in share prices in the near term, after the regulator...
Digibank aspirants have viable path ahead, despite Covid-19 challenge: analysts
DIGITAL bank aspirants in Singapore still have a viable path ahead despite the uncertainties wrought by the pandemic, for the simple reason that there is a flexible timeline for them to set up...
MAS, banks to see how best to wean borrowers off Covid-19 reliefs
THE Monetary Authority of Singapore (MAS) is studying the delicate balance of when and how to ease virus relief measures, so as to mitigate unintended "cliff" effects when these helplines expire...
MAS sees 'highly uncertain' global outlook ahead amid Covid-19 crisis
THERE is "substantial uncertainty" over the global economic outlook amid the Covid-19 crisis, said Monetary Authority of Singapore's (MAS) managing director Ravi Menon on Thursday.