Singapore launches new electronic deferred payment solutions to...

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2025-07-30 00:38:44 -

Singapore launches new electronic deferred payment solutions to support transition to e-payments

The Association of Banks in Singapore (ABS) announced Monday the launch of two new payments solutions – electronic deferred payment (EDP) and EDP+ – to support the transition to e-payments for cheque users. This follows a joint announcement by the Monetary Authority of Singapore (MAS) and ABS on December 5, 2024 on the launch of electronic deferred payment solutions in Mid-2025 and...

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