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NETS
Fintech
Singapore's PayNow to link with India's Unified Payments Interface by July 2022
Once implemented, fund transfers from Singapore to India can be made using UPI virtual payment addresses (VPA).
September 14, 2021
New appointments
NETS appoints UOB's head of group technology and operations as new chairman
The chairmanship is rotated among the three Singapore banks – DBS, OCBC and UOB – once every three years.
August 31, 2021
Fintech
Wirecard to cease payment services in Singapore: MAS
Other forms of e-payments such as NETS, PayNow and SGQR continue to be available.
September 30, 2020
New appointments
NETS Group appoints Lawrence Chan as new CEO
Chan comes with over two decades of payments experience.
June 22, 2020
Disruption and Digitalisation
NETS launches same-day settlement for hawkers
SINGAPORE (Jan 17): Hawkers are now able receive their sales proceeds from NETS transactions in their bank account on the same business day.
January 17, 2019
Tech
Singapore launches unified QR code for e-payments; new rules soon to address likely risks
SINGAPORE (Sept 17): Singapore on Monday launched the Singapore Quick Response Code (SGQR), which combines multiple payment QR codes into a single SGQR label.
September 17, 2018