Singapore to Eliminate Cheques by 2025 | Fintech Singapore
MAS has issued a consultation paper to study the possibility of eliminating corporate cheques and central cheque clearing by 2025.
Stay updated with breaking news from Truncation System. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
MAS has issued a consultation paper to study the possibility of eliminating corporate cheques and central cheque clearing by 2025.
March 8, 2021 Some of India’s leading startups, fintechs, large banks and corporates, alongside a few global financial giants and tech companies, have come together, all to grab a piece of India’s burgeoning payments market. Soon, the Reserve Bank of India (RBI) may grant some of them their wish to build and scale new ways for Indian consumers to transact. While cash remains the dominant form of making transactions in the country, over the last few years the number of consumers and merchants transacting digitally has grown exponentially. This has to do with two factors — one the falli...