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PayNow links up with Thailand s PromptPay in a world first for cross-border fast payments

SINGAPORE - The local PayNow system that lets individuals transfer money using just a mobile number is now  linked to Thailand s PromptPay version, the Monetary Authority of Singapore (MAS) and Bank of Thailand (BOT) said in a joint statement on Thursday (April 29). The linkage between the two countries national fast payment systems is the first of its kind in the world, they said. Three of Singapore’s 12 PayNow banks are participating in the scheme - DBS Bank, OCBC Bank and UOB - together with four banks in Thailand - Bangkok Bank, Kasikorn Bank, Krung Thai Bank and Siam Commercial Bank.

Singapore s PayNow linked to Thailand s PromptPay, allowing funds transfers within a matter of minutes

Singapore s PayNow linked to Thailand s PromptPay, allowing funds transfers within a matter of minutes Toggle share menu Advertisement Advertisement Singapore Singapore s PayNow linked to Thailand s PromptPay, allowing funds transfers within a matter of minutes From Thursday (Apr 29), users of Singapore s PayNow and Thailand s PromptPay will be able to send up to S$1,000 or THB25,000 daily across the two countries using just a mobile number, as the two real-time payment systems are linked. Heidi Ng with more. 2 related media assets (image or videos) available. Click to see the gallery. 29 Apr 2021 11:42PM) Share this content Bookmark SINGAPORE: From Thursday (Apr 29), users of Singapore s PayNow and Thailand s PromptPay will be able to send up to S$1,000 or THB25,000 daily across the two countries using just a mobile number, as the two real-time payment systems are

UOB Painting of the Year competition enters its 40th edition

UOB Painting of the Year competition enters its 40th edition
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People digest: UOB, Lendlease, Knight Frank make key hires

People digest: UOB, Lendlease, Knight Frank make key hires April 9, 2021 Singapore’s UOB has appointed Eric Lim as its first chief sustainability officer, Australia-based property group Lendlease has announced the appointment of Justin Gabbani as the group’s Asia CEO, while Knight Frank Asia-Pacific has appointed Christine Li as head of research, Asia-Pacific, based in Singapore. UOB appoints chief sustainability officer United Overseas Bank has appointed Eric Lim as its first chief sustainability officer (CSO), according to an announcement. In his new role, Lim will lead a dedicated corporate sustainability office which will focus on achieving the bank’s sustainability objectives of helping businesses advance responsibly, steering consumer wealth to sustainable investments, and fostering social inclusiveness and environmental well-being.

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