PayNow tie-ups spur competition in cross-border payments scene

Service providers beef up operations amid surging demand for instant fund transfers

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The recent tie-ups between Singapore's PayNow service and similar systems in Thailand and India are set to bring more competition to the cross-border payments scene.

That prospect does not seem to daunt existing players in the sector, who told The Straits Times that they welcome the developments and are beefing up their operations amid surging demand.

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A version of this article appeared in the print edition of The Straits Times on September 27, 2021, with the headline PayNow tie-ups spur competition in cross-border payments scene. Subscribe