Banks in Singapore are working on a service that would let consumers make payments using their Facebook ID or Twitter username. “The system will allow electronic transfers between account holders who have registered their social media identities with their banks,” The Financial Times reports. “The service will be based on Singapore’s existing internal fund transfer system, known as FAST, which brings together 20 banks to allow near-instant fund transfers.” A pilot is due to take place in early 2017.
- Pakistan to add payments to National IDs
- CPI Card Group and Proxama to offer innovative mobile and EMV payments services in North America
- Austrians to open bank accounts from home using online video ID service
- Ant Financial eyes up blockchain for Alipay
- Free Galaxy S7 offer for Samsung Pay’s UAE launch