Singaporeans are adopting online payments with such gusto that the Government is hoping that the country will be cheque-free by 2025.
The latest step will allow business owners and the Government to receive payments instantaneously, without having to disclose details such as bank account numbers.
This is made possible with the expansion of the PayNow transfer service to include businesses.
PayNow Corporate will start at 8am on Aug 13, the Association of Banks in Singapore announced yesterday.
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