Tag: Fees
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PayNow Fee Scrutiny: Singapore Pools 10-cent Charge
Overview: PayNow surcharges come under government scrutiny Singapore is tightening rules against merchant-imposed charges for PayNow payments. While the Association of Banks in Singapore (ABS) prohibits such surcharges, a 10-cent fee charged by Singapore Pools for each PayNow transaction has drawn attention. Deputy Prime Minister Gan Kim Yong, who serves as Minister for Trade and…
