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Singapore to Launch Two New e-Payment Solutions in Mid-2025 to Phase Out Cheques

Fintech News

The Monetary Authority of Singapore ( MAS ) and the Association of Banks in Singapore ( ABS ) announced that two new electronic payment solutions will be launched in mid-2025. EDP will cater to post-dated payments, deducting funds from the payer’s account upon presentment by the payee.

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Unlocking Instant Inbound Payments: Cross River Launches Request for Payment Solution

Trade Credit & Liquidity Management

(Photo by Çağlar Oskay on Unsplash ) With RfP, businesses can send digital payment requests that allow payers to authorize and send funds instantly, giving recipients immediate access to funds, improving cash flow, and reducing operational friction from delayed deposits.

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New E-Payment Tools Rolled Out as Singapore Prepares to Retire Corporate Cheques

Fintech News

The Association of Banks in Singapore (ABS) has launched two new electronic payment solutions , EDP and EDP+, to help businesses and individuals move away from cheques ahead of the planned phase-out. These solutions provide real-time updates for both payers and recipients, enabling greater visibility and traceability of transactions.

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Keepz Facilitates Digital Currency Payment Option for Taxes in Georgia

The Fintech Times

Embracing digital payments Beyond tax payments, Keepz is also looking to empower tens of thousands of merchants and hundreds of thousands of payers by enabling secure, borderless transactions using digital assets.

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Reflecting on 2024: A transformative year in payments regulation

The Payments Association

Data published this year indicated that 75% of payment industry professionals identified instant payments as an essential technology for winning payment solutions. Markets in Crypto-Assets (MiCA) As instant payments gained traction, regulatory focus turned to another rapidly evolving area: crypto-assets.

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What is a Payment Processing System and How Does It Work?

Stax

To address evolving customer demands and accept electronic payments, you need a payment processing system. But selecting a good payment solution can be overwhelming. This article dives into what a payment processing system is, how it works, and its benefits.

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PingPong Turns Regulatory Compliance Into Competitive Edge With Form3 Partnership

Fintech Finance

PingPong , the world-leading provider of embedded cross-border payment solutions for enterprises, today announces it will be using Form3 ‘s Verification of Payee (VoP) solution for SEPA account validation, giving PingPong a competitive edge by implementing compliance measures five months ahead of the October go-live date.