PayNow, a service which allow inter-bank transfer using mobile number or identification number, will be accepting business transaction on 13th August with PayNow Corporate. It means that businesses will be able to receive or pay money to other companies using this PayNow simply by linking their unique entity number (UEN) or registration number to their bank number. The service will be offered by 7 banks, which are already offering PayNow to their retail customers, namely Citibank, DBS Bank/POSB, HSBC, Maybank, OCBC Bank, Standard Chartered Bank, and United Overseas Bank. PayNow is built on FAST, which is Singapore’s 24/7 real-time inter-bank […]

Payment Solution provider, NETS, announced in June, that its merchants could onboard its payment system within a day from submitting its online application. This is part of an initiative by NETS to hasten up its cashless payment adoption rate in Singapore by transforming to digital adoption processes. Its new online application, introduced in May, allows its merchant to pick up their new NETS terminal from its customer service counter anytime 1 day after it registering. The new NETS terminal include payment solutions by NETS including NETS debit payment, NETS Flashpay, NETS QR Payment and NETS Pay. Other than merchant acquisition […]

With Chinese tourist being the top spender in terms of tourism dollar over the world, and a strong preference for mobile payment abroad, many retailers are trying to implement mobile payment systems catering to Chinese tourist. This is especially true for Southeast Asia (SEA) merchants as SEA is the top travel destinations for Chinese tourist. In order to gain a slice of the Chinese tourist market overseas worth US$429 billion, WeChatPay, UnionPay & AliPay had forged many partnerships oversea recently. Some noticeable partnerships includes Changi Airport with WeChatPay and LiquidPay with UnionPay. They have been actively seek merchants to expand, […]

It has been confirmed that WeChat Pay will launch in Malaysia, June 2018 before Raya Aidilfitri. Malaysia will be the very first country outside of China to have the e-wallet localised for ringgit. To prep for the Hari Raya festive season, various companies has already been working with WeChat Pay to allow use of this new mobile payment mode. With over 20 million existing Malaysian WeChat users, it allows easier acceptance of WeChat Pay as a new mobile payment method. Besides that, PM Mahathir has displayed interest in the concept of a cashless society which further facilitates the adoption of […]

While Singapore seeks to move toward a Smart Nation, ageing population arises as an inevitable hurdle. Everyday technologies may seem intuitive to the younger generation but it may not be the case for the elderly who often rely on younger generations to access them. Going cashless implies further digitalising of our environment and can possibly cause further confusion for the elderly. It is crucial to keep in mind that a cashless society involves not only the tech-savvy youngsters, but all members of the society including seniors. Thus, Info-comm Development Authority (IMDA) has organised the first session of e-Payment Learning Journey […]

UnionPay International (UPI) had partnered LiquidPay, both members of SG QR taskforce, to allow UPI mobile payment app users to make payment at LiquidPay group of merchants. The partnership will see the 2 parties piloting the service at hawker centres currently already on the LiquidPay app,such as Maxwell Food Centre, Amoy Street Food Centre and Bedok 85 Market. Other LiquidPay’s merchants will also be onboard by 3rd quarter this year. It is estimated that this partnership will help UnionPay increase their Singapore mobile payment points by more than 1000 merchants. It is not the first time UnionPay had form strategic […]