Singapore

The current card-based ticketing system will operate alongside the SimplyGO system.

Edmund Lee was formerly vice chairman of APAC for JP Morgan Chase & Co.

They must allot at least S$20,000 from their CPF ordinary accounts to the time deposit account.

There is a desire in the local population to increase private wealth, says UnaFinancial.

Around 38,000 accounts now make use of local banks’ money lock feature.

It accepts the majority of e-wallet QR payments and is expected to benefit hawkers and minimarts.

NETS FlashPay Cards can be exchanged for NETS Prepaid Cards at any 44 SimplyGo Ticket Offices.

The bank took home awards for Singapore International Cash Management Bank of the Year, Singapore International SME Partnership Initiative Bank of the Year, Syndicated Loan of the Year -  Singapore and Innovative Deal of the Year - Singapore.

About 41 individuals have fallen victim to scammers, with $2.6m in losses.

These clients deliver feedback and insights on initiatives and products.

It is effective from 1 January 2024 to 31 March.

OCBC is aiming to commercialise one or two of its blockchain solutions in 2024.

It is made out of recycled plastic bottles recovered from coastal areas.

Their assets make up 1.3% of the system as of H1 2023.

NETS has a network of about 10 million cards and 130,000 payment touchpoints in Singapore.

Lee is currently head of group wealth management and community financial services.