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SP Services – Provides integrated customer billing services for electricity, water and piped gas supplies in Singapore. It holds the nation's Market Support Services License to provide meter reading services, meter data management, and facilitates customers' transfer from the regulated tariff to the Open Electricity Market retailers, or to the wholesale electricity market.
PayNow is a near-instant real-time payment system developed by Association of Banks in Singapore. [1] The interface facilitates inter-bank peer-to-peer and person-to-merchant transactions. The system is supported by all major Singaporean banks and is regulated by the Monetary Authority of Singapore (MAS) and works by transferring funds between ...
The MAS Electronic Payment System, or MEPS in short, is an SGD-only online interbank payment and fund transfer system in Singapore. [1] It went online in July 1998, and is owned and operated by the Monetary Authority of Singapore (MAS). The irrevocable transfer of funds and the real-time nature of transfers are some of the key features of MEPS.
The following is a list of notable online payment service providers and payment gateway providing companies, their platform base and the countries they offer services in: (POS -- Point of Sale ) Company
Payment Process • eNETS: An online payment gateway for online payments via bank account direct debit. It can be used at merchants such as Singapore government services, airlines bookings, bill payments at AXS online. 2001 [37] • iBanking login details • Hardware token or bank mobile app to authenticate each transaction. No
The Payment Services Act 2019 (PS Act) is a statute of the Parliament of Singapore that provides a framework for the regulation of payment systems and payment service providers in Singapore. [1] According to the Monetary Authority of Singapore (MAS) the PS Act provides for regulatory certainty and consumer safeguards, while encouraging ...
The vision of CEPAS is for Singaporeans to have a single MPSV card for use all around Singapore for micro-payments. This includes transit (bus, MRT, LRT), taxi, motoring (ERP, parking), retail, and other services. CEPAS is a result of close collaboration by IDA with different industry players and the Land Transport Authority (LTA).
Red Dot Payment now provides online payment for both e-commerce and hotels. [10] Within the same year, the company closed an investment of $5.2M Series B round [11] [12] Red Dot Payment formed an alliance with e-commerce services companies Shopmatic and iCommerce Asia, to offer services to South-east Asian region's e-commerce market. [13] [14]