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

Firms welcome fee waivers on e-payments but say time needed for all vendors and suppliers to make the switch


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

To give them a further push, local banks OCBC and DBS are raising cheque fees and, at the same time, offering promotional rates for electronic transactions.

Small and