Singapore begins rollout of QR code that works with multiple mobile payment schemes

Singapore introduces world’s first unified payment QR code — SGQR — Monetary Authority of Singapore — “The first of its kind globally, SGQR combines multiple payment QR codes into a single SGQR label, making QR code-based mobile payments simple for both consumers and merchants. SGQR will be adopted by 27 payment schemes including PayNow, NETS, GrabPay, Liquid Pay and Singtel Dash, and will be deployed progressively over the next six months.”


India and Singapore link up their national payments networks

PM launches RuPay in Singapore — The Tribune — “The RuPay digital payments system was linked up with Singapore’s 33-year-old Network for Electronic Transfers (Nets). RuPay users will be able to make payments at all Nets acceptance points across Singapore. Holders of Singapore Nets will be able to make online purchases on the National Payments Corporation of India (NPCI) e-commerce merchant website, using 2.8m RuPay point-of-sale terminals in India.”


Nets to use taxi drivers to recruit new mobile payments merchants

Nets roping in 15,000 cabbies to nudge hawkers to go cashless — The Straits Times — “To coax hawkers to go cashless, e-payment giant Nets is going to enlist the help of an unconventional army: ComfortDelGro’s 15,000 cabbies. The cabbies will get a ‘monetary reward’ for every hawker they get to sign up to use the Nets QR code system… This Hawker Champion programme is now being tested by 100 cabbies, and will be rolled out to the full fleet in the next few months. The tie-up will help hasten the national effort to get more transactions to go cashless.”


Issuers to adopt common QR code for payments in Singapore from 2018

Common Singapore QR code to be rolled out next year — Channel News Asia — “A common Singapore Quick Response Code (SG QR) will be rolled out and adopted by payment service providers in Singapore next year, the Monetary Authority of Singapore (MAS) said on Monday… Payment services providers in Singapore have also committed to update their mobile payment apps for consumers to read the SG QR. The newly announced NETS QR will be part of SG QR as will other payment service providers such as Singtel Dash QR.”


Singapore banks begin rollout of NetsPay NFC and QR mobile wallet

NetsPay mobile wallet available for download — The Straits Times — “Nets users can now leave their physical ATM cards at home. They can also ditch multiple mobile apps that provide similar payment functions. The NetsPay mobile wallet — which can digitise the credit, debit and ATM cards of six banks here — is currently available for download…. The app lets users pay through their digital Nets cards with just a tap of their mobile phone, or by scanning a QR code at merchants that accept the service — without encumbering users with the need to download multiple mobile apps.”


Singapore to add mobile options to contactless transit payments trial

Parliament: Cashless trial for public transport to be extended to more payment types from next year — The Straits Times — “A trial system that allows commuters to pay their public transport fares using contactless credit or debit cards will be extended to more payment types including Visa and Nets 2.0 from next June (2018). Mobile payment modes — such as Android Pay, Apple Pay and Samsung Pay — will also be available from the first quarter of next year as part of the trial.”










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