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Singapore ripe for a digital revolution in banking

SINGAPOREANS are well known for being technologically savvy. Internet penetration and mobile phone ownership rates here are among the highest in the world. E-commerce sales out of Singapore make up half of South-east Asia's total. It has also become de rigueur to book taxis and movie tickets through mobile phone apps. Yet, when it comes to banking, Singapore seems stuck in the Middle Ages....


DBS Group Hldgs leads buys with S$230.4m

GLOBAL mutual funds sold more Singapore shares than they bought - but only marginally more - in the three months to Feb 4. Based on the top five stocks transacted, the net sell volume came to S$989.1 million, compared to S$974.1 million of net buys.This week we look at finance stocks excluding Reits. In that sector there were S$507.2 million of net buys based on the top five stocks, compared to...


Visa aiming for a cashless S'pore

VISA Singapore wants to displace cash in the city-state, where nearly 60 per cent of payments for personal consumption spending are already settled by electronic means, a top executive said in an interview.Part of that push will come from revving up contactless payment services in Singapore, where the penetration rate is second in the world only to Australia, said Visa's country manager for...


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