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Expanding payment connectivity This year’s report puts an emphasis on Singapore’s leadership in cross-border payment integration, underscoring the country’s position at the forefront of payment innovation both regionally and internationally. verticals, amid shifting market conditions and stricter licensing requirements.
These developments include the launch of cross-border QR payment linkage between Singapore and Indonesia , and between Singapore and Malaysia , as well as establishment of connectivity between Singapore’s PayNow and Malaysia’s DuitNow , two national real-timepayment systems. and advancing talent.
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