New E-Payment Tools Rolled Out as Singapore Prepares to Retire Corporate Cheques
Fintech News
JULY 28, 2025
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. EDP and EDP+ aim to replace the deferred payment function traditionally served by cheques. This offers greater assurance to recipients.
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