MAS promotes e-payments amid pandemic

Monetary Authority of Singapore
George Johnson

Singapore’s central bank has launched a campaign to encourage the public to use digital payment platforms during the Covid-19 pandemic.

Supported by the Association of Banks, the Monetary Authority of Singapore is promoting platforms PayNow, PayNow Corporate and SGQR.

SGQR is a common quick response code for electronic payments. It creates a single “multi-tenanted” QR for each merchant, supported by central infrastructure.

The use of digital financial services and e-payments, the central bank

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