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Keep investing in cashless economy

The Association of Banks in Singapore (ABS) has contributed yet again to the evolution of Singapore's cashless society by launching PayNow Corporate. It is an extension of PayNow, the peer-to-peer instant funds transfer service that requires one to know only a payee's mobile or NRIC number. PayNow Corporate will enable businesses, corporates and official agencies to pay and receive Singapore dollar funds instantly with the linking of their Unique...


Life insurance industry sees 20% rise in new business in H1

THE life insurance industry posted a robust performance in the first half of this year, boosted by strong sales of investment-linked plans and a positive attitude towards protection and retirement needs. Weighted new business premiums jumped 20 per cent to S$2.02 billion from the same period in 2017, according to a half-yearly review by the Life Insurance Association Singapore (LIA) out on Monday. There was a slight shift of consumers' interest...


PayNow Corporate launched today

THE NEW PayNow Corporate e-payment service, launched on Monday morning, allows businesses and the Singapore government to instantly make and receive payments by using their respective Unique Entity Numbers. It is an extension of peer-to-peer funds transfer service PayNow, introduced in July 2017, which only requires knowledge of the payee's mobile number or NRIC. As of Aug 10, there have been more than 1.6 million PayNow registrations and over...


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