All posts tagged "FAST"
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326EuropeMalaysia Joins PoC Project to Test Cross-border Payment Links
BNM and PayNet are joining Project Nexus, which was first announced in July by BIS Innovation Hub and MAS to explore new cross-border payment linkages.
November 12, 2021 -
646Fintech / RegtechSingapore to Review E-wallet Payment Limits in 2021
Currently, e-wallet users in Singapore can hold up to S$5,000 in their accounts at any one time, and transactions are capped at S$30,000 per year.
December 17, 2020 -
620Asia-PacificSingapore, Thailand to Enable Instant Payments Link by Mid 2021
Described as "the first-of-its-kind in the world", the link will enable instant money transfers between Singapore’s PayNow and Thailand’s PromptPay.
December 8, 2020 -
867Fintech / Regtech
Singapore E-wallets to Gain Direct Access to FAST, PayNow
Consumers will be able to top-up their e-wallets directly through their bank accounts, rather than using a debit or credit card. Fund transfers between e-wallets will also be made possible.
December 1, 2020 -
942AML / KYCMAS to Discontinue S$1,000 Note to Prevent Money Laundering
Large denomination notes allow individuals to carry large values of money anonymously, and can facilitate money laundering and other illicit activities, MAS says.
November 4, 2020 -
590InternationalSWIFT Reports Near Doubling of Year-on-year gpi Traffic
Nearly two-thirds of all payments traffic on SWIFT is now sent via gpi, with the majority of transactions credited to end beneficiaries within 30 minutes or less.
March 3, 2020 -
1.3KAML / KYCACAMS Pledges Support for Anti-Slavery & Trafficking Initiative
ACAMS will encourage financial crime professionals globally to adopt a blueprint for mobilising finance against modern slavery and human trafficking.
February 6, 2020 -
4.4KFeature
SWIFT Completes Latest gpi Trial with Singapore FAST
All cross-border payments in the trial, which involved 17 banks across 7 countries, settled end-to-end within 25 seconds. SWIFT gpi has also now been introduced for corporates.
July 22, 2019 -
1.8KAustralia & NZOpen Banking, APIs Will Unlock a Host of Opportunities: NPP Australia
A new white paper from NPP Australia provides an overview of developments in other real-time payments markets, including opportunities and challenges for the payments sector.
July 8, 2019 -
1.2KFeatureMAS Simplifies Mobile Payments with Unified Payment QR Code
The SGQR combines multiple payment QR codes into a single SGQR label, to be rolled out across Singapore over the next six months.
September 18, 2018
