Singapore
Qoo10 ordered to suspend payments in Singapore
Qoo10 ordered to suspend payments in Singapore
It was unable to prove it can meet its payment obligations to merchants on time, MAS said.
Funding freeze hits BNPLs
Investors are putting less cash towards BNPL providers, who already grapple with thin margins.
Singaporean banks roll out face verification for digital token setup
It is expected to make it harder for scammers to take over a customer’s DT.
DBS unveils crypto options trading and structured notes for wealth clients
They may earn yield on fiat depending on the product’s structure and price movements.
MAS, IBF working on gen AI job impact map
Separately, the IBF has given out skills badges to 3,000 professionals.
Singapore’s financial sector employment rose 4,800 in 2023
The financial sector made up 14% of Singapore’s GDP in 2023.
Labour force upskilling needed as SG nears 'super-aged' status
The future growth must be productivity-led, said DPM Gan Kim Yong.
GXS Bank launches term deposit product Boost Pocket
It is currently on offer with an interest rate of up to 3.48% per annum.
Crypto ownership down to 26% despite resilience
However, 23% are likely to reenter the market.
MAS safeguards enough to curb consumer over-indebtedness—MAS chairman
The news comes as bad debts jumped nearly 20% in Q1.
MAS warns of misuse in Worldcoin token, account trading
This incident could potentially violate the Payment Services Act 2019.
Heymax, Visa campaign drives spike in digital payments
The campaign has also contributed to an estimated carbon savings of 24 to 42 tonnes.
COURTS Singapore, DCS Card Centre launches new credit card
It offers 2% cashback and waives the first-year annual fee.
Enough steps taken to ensure support with digital banking: MAS
Deploying ambassadors and phone banking were some of solutions rolled out.
JST Singapore obtains in-principle approval for an MPI license
JST Singapore said that it will continue to work towards securing its licenese.
DBS names Calvin Ong as head of consumer banking in Singapore
Ong will take over from Jeremy Soo beginning 1 January 2025.
OCBC to offer digital accounts, debit cards for kids and teens
Kids and teens aged 7-15 years old can open their own digital bank accounts.
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