Singapore bank lending up 0.4% in June: MAS

BANK lending in Singapore rose 0.4 per cent in June from the month before, preliminary data from the Monetary Authority of Singapore on Monday showed.

No more paperwork as SMEs open OCBC bank accounts using iPads

SINGAPORE - Owners of small and medium-sized enterprises (SMEs) can now open an account with OCBC Bank without signing multiple forms or filling in the same details several times.

ST Engineering sets up US$150m corporate venture capital unit, opens innovation lab

ST Engineering on Tuesday said it has set up a corporate venture capital unit to invest in promising technology startups and early-stage companies, offering not just funding, but also access to the...

Banks go digital with services for startups and SMEs

TWO local banks have launched digital services to help startups and small and medium enterprises (SMEs) with their administrative processes, with one bank claiming that it has cut down the process...

Singapore retailers can move faster to embrace 'new retail'

WHILE Singapore retailers are innovating and coming to terms with e-commerce, they can move even faster to adapt to "new retail", said observers. "New retail", a phenomenon recently coined by...

E-payments in Singapore get a Stripe fillip

ADVANCEMENTS in digital payments shaped Singapore's payments landscape in July, allowing many Internet businesses to sell to a wider audience and more quickly adapt to "new retail", a phenomenon...

More people paying via phone apps: Poll

On-demand services, such as those provided by ride-hailing and food and grocery delivery apps, are driving up mobile payment use in Singapore, according to a Visa survey.

OCBC's Pay Anyone app now generates QR codes for payment

OCBC Bank has introduced a new feature to its Pay Anyone app, which will allow users to generate their own unique QR codes to receive payments from or send money to other users of the app.

DBS, OCBC update take-up rates of cashless payments initiatives

DBS Bank and OCBC Bank have issued press releases updating the take-up rates of cashless payments initiatives.

In urban China, cash is increasingly becoming an obsolete commodity

THERE is an audacious economic experiment happening in China.




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