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PayNow Corporate transactions hit $3.12b
713% jump from Feb 2019; sea change in business operations due to social distancing
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Around 128,000 organisations had signed up for the service as at Feb 29 - a 15 per cent increase from June 30 last year.
PHOTO: ST FILE
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Companies are flocking to PayNow Corporate to make and receive payments as social distancing measures bring about a sea change in business operations.
The amount transferred with the service hit $3.12 billion in February, a striking 713 per cent jump from the $383 million in the same month last year, The Association of Banks in Singapore noted earlier this week in response to media queries.
