digital payments

SINGAPORE (June 4): DBS says that digital transactions from its SME customers have increased by 70%, while transaction value has increased by 25%, since the bank launched DBS MAX, Singapore’s first mobile-based QR payment collection solution four months

SINGAPORE (Mar 19): SAC Advisors says the electronic payments landscape could be revolutionised in the next five to 10 years, as mobile payments become mainstream, blockchain technology starts to gain traction, and the Internet of Things (IoT) drives new

SINGAPORE (Jan 25): A consortium of seven mobile wallets, acquirers and payment networks has been formed to enable interoperable quick response (QR) payments in Singapore for both consumers and merchants.

SINGAPORE (Sept 5): In tech-savvy Singapore, where almost everyone has a smartphone, nine out of 10 people still prefer to pay for everyday transactions the old-fashioned way – with cash. 

SINGAPORE (Aug 29): New research conducted by online payments company PayPal has revealed that while cash remains king for transactions in Singapore, going digital may be the way to get locals to pay their bills.  

SINGAPORE/SHANGHAI (June 30): Over the past two months, some 1,000 part-time workers for DBS Group Holdings Ltd. have fanned out across Singapore’s famed food courts, trying to entice mom-and-pop hawkers to use the bank’s digital payments service, ca

The death knell for cash was sounded as far back as the middle of the 20th century, as credit cards gained in popularity. But, to paraphrase Mark Twain, those reports were greatly exaggerated. Today, even as payment systems are going digital, cash is as p