Money

WeWork collapse a welcome step towards sanity in venture space

The tech and startup ecosystem needs a sanity check. The fall from grace of WeWork's parent company is unlikely to catalyse a full reckoning in that market, but it does bring it a step closer...

DBS launches digital solutions package for logistics SMEs

DBS Bank on Wednesday rolled out a digital solutions package for small and medium-sized enterprises (SMEs) in the logistics sector, aiming to help...

Wirecard raises long-term growth targets; analysts unconvinced

[BERLIN] German payments group Wirecard raised its long-term outlook on Tuesday, but the company's shares fell as analysts questioned the ability of any tech company to give a precise forecast for...

Digital payments at forefront of S-E Asia's booming Internet economy

THE digital payments market in South-east Asia has hit an inflexion point, and growth in this segment is likely to propel the region's Internet economy in the region to a US$300 billion market by...

Realising 2025 cheque-free goal needs concerted effort by all banks

SINGAPORE wants to phase out the use of cheques by 2025, which is but a mere six years away. Even in this era of rapid advances in technology and their mass adoption, it is an ambitious target....

Temasek aims to invest in a few more Asean 'aspiring unicorns' by year-end; Vietnam a key market

TEMASEK Holdings is actively focused on "aspiring unicorns" out of South-east Asia, and expects to announce a couple of deals in the pipeline in the next few months, its senior executive told The...

DBS partners taxman to digitalise stamp duty collection in Singapore

THE Inland Revenue Authority of Singapore (Iras) collected S$4.6 billion from stamp duties - a tax levied on property transactions - for the fiscal year ended March 31, with most taxpayers paying...

Singtel edges out Grab in attracting deposits as digital banks: CGS-CIMB

MORE customers may be willing to park money with Singtel than Grab, a CGS-CIMB report showed, with the brokerage estimating that 4-11 per cent of deposits from the domestic banking unit are at...

DBS looks to data trove to grow PayLah e-wallet; aims to more than double users to 3.5 million by 2023

SINGAPORE - DBS Bank is looking to its heritage to secure the popularity of its mobile wallet in the increasingly competitive field of digital payments.

Costlier cheques, e-payment fee waiver to further wean SMEs off cheques

SINGAPORE firms are switching from cheques to e-payments, but the pace is just not fast enough.

Digital gold: the next cashless ePay option?

GOLD has historically always been the economy's hero, the de-facto store-of-value that economies around the world peg their legal tender to.

 

 

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