Bank Indonesia (BI) and the Monetary Authority of Singapore (MAS) today launched the cross-border quick response (QR) payment linkage between Indonesia and Singapore. This linkage enables customers of participating financial institutions1 to make seamless cross-border retail payments using their existing mobile banking applications to scan QRIS (Quick Response Code...
The Monetary Authority of Singapore (MAS) and Bank Negara Malaysia (BNM) have jointly launched the real-time payment systems linkage between Singapore’s PayNow and Malaysia’s DuitNow.
The initiative follows the QR payment linkage announced on 31 March 2023 which enabled cross-border QR payments to merchants.
The PayNow-DuitNow linkage enables instant, secure and...
The International Finance Corporation (IFC), Monetary Authority of Singapore (MAS) and World Economic Forum (the Forum) have signed a Memorandum of Understanding to collaborate on initiatives to advance digital inclusion through financial services, with the aim of reducing inequalities for people and smaller businesses in emerging and developing economies.
The...
DBS has launched a hybrid financing solution to help small and medium enterprises (SMEs) access a wider pool of capital to finance their sustainability journeys. The DBS Eco Renovate Loan enables SMEs to borrow up to 100% of the cost of using resource efficient or energy optimisation solutions for...
Singapore-based architecture practice Kaizen Architecture provides architectural consultancy for the residential, commercial and hospitality sectors, while also designing interior spaces and furniture.
Founded just before the COVID-19 pandemic, in Q4 2019, the practice has grown and expanded in the past 4 years beyond their borders by setting up a satellite...
The IBM Institute for Business Value (IBV), in collaboration with the Banking Industry Architecture Network (BIAN) and Red Hat, today released findings from a new global study that reveals significant gaps between the stated priorities of surveyed banking executives and the customers they serve.
The research examines how customers engage...
The 8th edition of the e-Conomy SEA report3 - Reaching new heights: navigating the path to profitable growth, released by Google, Temasek and Bain & Company shows that, despite global macroeconomic headwinds, the region’s gross merchandise value (GMV) continues an upward trajectory and is set to reach $218 billion,...
Google, Temasek and Bain & Company have released the 8th edition of the e-Conomy SEA report3 - Reaching new heights: navigating the path to profitable growth. The report shows that, despite global macroeconomic headwinds, the region’s gross merchandise value (GMV) continues an upward trajectory and is set to reach...
Forrester's 2023 Singapore Banking Customer Experience Index (CX Index™) reveals an overall decline in CX quality amongst multichannel banks, resulting in mixed results and a reshuffle of the rankings.
According to this year's CX Index rankings, Citibank and DBS Bank improved their CX scores; Standard Chartered, OCBC Bank, and United Overseas...
Singapore small business owners are dipping into their personal savings, increasing their prices, and not paying themselves to mitigate rising costs and make a profit, according to a new report from Xero.
The report titled “Money matters: navigating the impact of economic conditions on the cash flow of Singaporean small...
