Singapore
What do SMEs expect from modern payment solutions?
What do SMEs expect from modern payment solutions?
ABF spoke with industry experts from Mastercard, Enterpryze, Boku, and Xfers to learn more.
Singapore: Yes to wholesale, skeptical on retail digital fiat money
SG’s regulator remains iffy on cryptocurrencies—or, in MD Menon’s words, crypto tokens.
Singapore banks, SGTraDex to develop standards for green trade finance digitalisation
UOB, DBS, OCBC, and Standard Chartered are participating in the initiative.
Regulation, late digitisation challenge Web 3.0 adoption in wholesale banking
Web 3.0 is taking over, but many businesses have yet to move past Web 1.5.
UOB TMRW rolls out feature measuring ASEAN customers’ carbon footprint
It will be generated based on their spending and saving habits.
Singtel’s Dash to allow international digital money transfers
This is made possible through Singtel’s partnership with Western Union.
NETS opens up global commerce with Alipay+ integration
Local merchants will now be able to receive Singapore currency from global consumers.
UOB launches gig employment model for retirees
The bank made the move to strengthen its multi-generation workforce strategy.
MAS and Bank Indonesia extends $10b bilateral financial agreement
The two extended the agreement until 4 November 2022.
Singapore to invest S$180m for AI research
Heng kicked off the SFF 2021 and announced two new national AI programmes.
Eight Singapore banks to participate in new eGIRO launch
The digitisation initiative aims to cut down the old GIRO process from weeks to minutes.
DBS’ net profits jump 31% to $1.7b in Q3
The non-performing loans rate remained unchanged at 1.5% during the quarter.
OCBC allows real-time digital purchase of gold, silver
Over $1m and 3,698oz of precious metals have been purchased through the app.
OCBC’s net profits up 19% to S$1.22b in Q3
Net trade income plunged 67%, slightly offset by stronger net fees and commissions.
UOB Q3 profit leaps 57% to S$1.05b
Net profit also saw a rise of 4% QoQ.
Singapore’s SMBs adapt as more consumers seek contactless payments
Nearly four in five Singaporeans expect to use contactless payments, the highest in the world.
DBS rolls out one-stop sustainability-focused platform
The bank will also launch an autonomous carbon calculator service under LiveBetter.
Thought Leadership Centre
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