Money

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.

US fintech startup Stripe valued at US$35b in latest funding round

[BENGALURU] Stripe Inc said on Thursday it is raising US$250 million in its latest funding round, which values the payments startup at US$35 billion, a dramatic 56 per cent surge from a previous...

Venture capital firms share long-term investment strategies

A STRICT seed-stage focus and building brands out of consumer trends are some of the investment strategies that venture funds will deploy in South-east Asia over the next five years.

Singapore's asset management industry grew at slower 5.4% pace to S$3.4 trillion last year: MAS

DESPITE a challenging year for global financial markets in 2018, Singapore’s assets under management (AUM) increased further by 5.4 per cent to S$3.44 trillion, according to an annual poll by the...

 

 

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