The agreements include a cross-border e-CNY pilot, a possible PayNow-UnionPay linkage, and an MoU between SGX and GFEX.
December 8, 2023The payment links are described as "significant milestones" to enable faster and cheaper cross-border payments and promote greater regional economic integration.
November 19, 2023RBI governor Shaktikanta Das said a fast payment linkage between India and Japan could help make cross-border payments more efficient and less costly.
November 13, 2023In Singapore, banks are required to ensure that critical systems and services can be restored within four hours following an outage.
November 8, 2023India and Singapore are planning to expand the number of Indian banks participating in the PayNow-UPI linkage launched in February.
October 20, 2023MAS is following up with DBS to identify the root cause of a disruption to the bank's FAST and PayNow services last week.
October 3, 2023Coinbase and Sygnum Singapore obtained full Major Payment Institution licences. GSR Markets Pte Ltd received in-principle approval.
October 3, 2023The removal of the nickname option from PayNow has been prompted by growing cases of scams and a need to bolster online security.
September 13, 2023OCBC's internet and mobile banking platforms were disrupted from around 8.30am until around 12.20pm on Monday.
August 29, 2023One new feature will enable users to initiate UPI transactions by conversing with an AI-powered system. Japan is exploring a potential UPI linkage.
August 14, 2023