Singapore aims to make check usage obsolete by 2025
|06/22/2018||Posted by BusinessMediaguide.Com under General World News||
The Singapore government is expanding its PayNow payment platform to corporate clients of seven banks in an effort to reduce ATM cash withdrawals and eliminate check usage throughout the country by 2025, according to Bloomberg.
PayNow initially launched for consumers last year, enabling users to send transfers from their phones without entering account information. The expansion will bring the service to corporate clients of DBS, HSBC, and Citi, among read more >>>