e-payments

Ascend Money to grow customer base to 100 million by 2020

ASCEND Money - a South-east Asian financial technology firm backed by e-commerce giant Alibaba and Thai conglomerate CP Group - aims to grow its customer base by about five times to 100 million...

The costs of going cashless

LAST week, the government said it is targeting Singapore to be cheque-free by 2025 as part of the country's cashless push. It also said that from August onwards, companies and government agencies...

Singapore merchants can now collect their Nets terminals one day after applying online

THE race to a cashless Singapore just picked up, as Nets announced on Monday that merchants can now get their hands on its terminals one day after submitting their applications online.

Carousell unveils mobile wallet CarouPay powered by DBS, Stripe, Visa

CAROUSELL, which operates an online marketplace, on Wednesday announced the launch of its long-awaited mobile payment service, CarouPay, which will allow users to make payments to sellers without...

OCBC, UOB cards now available on NETSPay app

CUSTOMERS of OCBC Bank and UOB can now digitally store their NETS ATM bankcards on the NETSPay mobile app, NETS announced on Monday.

Opinion: E-payment market will get more fragmented before it gets better

THE e-payment industry in Singapore is becoming increasingly fragmented - with even more non-financial players entering the space - while it should be moving towards an integrated seamless...

Razer proposes to acquire MOL Global at valuation of US$100m, to expand gaming and e-payment business in South-east Asia

SINGAPOREAN-FOUNDED gaming company Razer has proposed to fully acquire Malaysia's e-payments platform MOL Global at a valuation of US$100 million - to build up its e-payment capabilities and...

PayNow to be extended to businesses, public agencies

BUSINESSES will soon be able to receive payments from other businesses and even consumers through homegrown funds transfer tool PayNow, announced Vivian Balakrishnan, Minister-in-Charge of the...

Singapore not going cashless 'for its own sake' but for economic competitiveness: Vivian Balakrishnan

SINGAPORE is not going cashless "for its own sake", but to enhance the competitiveness of its economy, said Vivian Balakrishnan, minister-in-charge of the Smart Nation Initiative, at the Committee...

PayNow to rope in businesses; Singapore plans for payment links abroad

SINGAPORE'S local and overseas payment systems are getting a big boost with a rollout of initiatives to beef up the Republic's cashless efforts, and plans for payment linkages with neighbouring...

Many recipes but Singapore's cashless appetite still not sated

TOO many cooks are spoiling the broth in Singapore's pursuit of a cashless society. Competition among e-payment players will improve user experience, certainly, but Singapore does not need another...