MAS and ABS to enhance Singapore's national instant payments infrastructure

The Edge Singapore06-25

The four areas, which were identified through consultations with 37 organisations and benchmarking against 11 jurisdictions, include improving interoperability between PayNow and NETS' QR codes.The ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2646382253?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-06-25 12:32","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2646382253","market":"other","top_or_hot":-1,"title":"MAS and ABS to enhance Singapore's national instant payments infrastructure","media":"The Edge Singapore","content":"<div>\n<p>The four areas, which were identified through consultations with 37 organisations and benchmarking against 11 jurisdictions, include improving interoperability between PayNow and NETS' QR codes.The ...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/banking-finance/mas-and-abs-enhance-singapores-national-instant-payments-infrastructure?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n","source":"edge_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>MAS and ABS to enhance Singapore's national instant payments infrastructure</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMAS and ABS to enhance Singapore's national instant payments infrastructure\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-06-25 12:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/news/banking-finance/mas-and-abs-enhance-singapores-national-instant-payments-infrastructure?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS><strong>The Edge Singapore</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The four areas, which were identified through consultations with 37 organisations and benchmarking against 11 jurisdictions, include improving interoperability between PayNow and NETS' QR codes.The ...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/banking-finance/mas-and-abs-enhance-singapores-national-instant-payments-infrastructure?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999001440.SGD","symbol_name":"United Global Dividend Equity Fund A SGD Dist","start_time":0,"source_url":"https://www.theedgesingapore.com/news/banking-finance/mas-and-abs-enhance-singapores-national-instant-payments-infrastructure?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","article_id":"2646382253","we_media_id":null,"thumbnails":[],"rights":{"source":"edge_highlight","url":"https://www.theedgesingapore.com/news/banking-finance/mas-and-abs-enhance-singapores-national-instant-payments-infrastructure?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2646382253","pubTimestamp":1782361920,"columns":[],"sourceInfo":{"source_id":"edge_highlight","name":"Edge"},"weMediaInfo":null,"summary":"The four areas, which were identified through consultations with 37 organisations and benchmarking against 11 jurisdictions, include improving interoperability between PayNow and NETS' QR codes.","collect":0,"end_time":0,"defaultTopTitle":"theedgesingapore.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SG9999001440.SGD":"United Global Dividend Equity Fund A SGD Dist","BK4585":"ETF&股票定投概念","LU1165135440.EUR":"BNP Paribas Aqua Classic Cap EUR","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU1620156130.USD":"BNP PARIBAS AQUA \"C\" (USD) ACC","LU2413665964.HKD":"BNP PARIBAS AQUA \"C\" (HKD) ACC","LU1620156213.USD":"BNP PARIBAS AQUA \"C\" (USD) INC","LU1543694498.USD":"法巴水资源基金RH MD Dis","LU1721427968.SGD":"BNP PARIBAS AQUA \"CRH\" (SGDHDG) INC","MAS":"马斯科","LU2413666004.HKD":"BNP PARIBAS AQUA \"CRH\" (HKDHDG) INC","BK4588":"碎股","BK4086":"建筑产品","LU1596574779.USD":"BNP PARIBAS AQUA \"C\" (USDHDG) ACC"},"translate_title":"MAS和ABS将增强新加坡的国家即时支付基础设施","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MAS":1.5},"content_text":"The four areas, which were identified through consultations with 37 organisations and benchmarking against 11 jurisdictions, include improving interoperability between PayNow and NETS' QR codes.The Monetary Authority of Singapore (MAS) and the Association of Banks (ABS) will be exploring four areas of enhancements to Singapore's national instant payments infrastructure as part of a PayNow Generation 2 (PayNow Gen2) study.\n\"PayNow has been a remarkable success story. It has grown into a widely adopted and trusted real-time payment platform in Singapore. As of December 2025, there were more than 11 million PayNow proxy registrations,\" says Tan Teck Long, group CEO of Oversea-Chinese Banking Corporation (OCBC) and chairman of ABS.\nThe four areas, which were identified through consultations with 37 organisations and benchmarking against 11 jurisdictions Australia, China, the UK, Malaysia and Thailand, include improving interoperability between PayNow and NETS' QR codes where consumers can scan and pay at any merchant regardless of which payment scheme they're on.\nUsers will also be able to make payments in a more seamless manner through deep-linking within PayNow QR codes. This reduces the number of payment steps, making online payments smoother. MAS and ABS will look to have this ready within a year.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.44.1","shortVersion":"4.44.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2646382253","isCrawlerRequest":true}