Tag: Singapore Pools
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Singapore Pools’ 10-Cent PayNow Fee Under Scrutiny: Surcharges by Merchants Prohibited, Says DPM Gan
Overview: The PayNow Surcharge Question Singapore’s PayNow system, widely used by retailers and service providers, is governed by strict rules that prohibit merchants from imposing surcharges on customers for PayNow transactions. Yet, questions have arisen over a 10-cent fee charged by Singapore Pools for each PayNow transaction, including bets and prize claims. The issue has…
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Singapore Pools’ 10-Cent PayNow Fee Under Scrutiny as Surcharges on PayNow Remain Prohibited
Singapore Pools’ PayNow Fee Draws Paraty Attention From Government and Public Singapore’s PayNow system is meant to offer a convenient, cost-free way for consumers to pay merchants using bank transfers. The key rule, however, is clear: merchants are not allowed to impose surcharges on customers for PayNow payments. Yet the issue of a 10-cent fee…
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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…
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Singapore Pools Turnover FY 24/25 Reaches $12.7B, With Strong Returns to Public and Charities
Singapore Pools Announces FY 2024/25 Turnover of $12.7 Billion Singapore Pools has released its financial results for the year 2024/2025, reporting a total turnover of $12.7 billion. The figure marks an uptick from $12.2 billion in the previous financial year and underscores the company’s ongoing role in the local betting and lottery landscape. Healthy Returns…
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Singapore Pools Posts $12.7 Billion Turnover in FY 2024/25, Reinvests in Community and Charities
Overview of FY 2024/25 Turnover Singapore Pools announced strong financial results for the financial year 2024/2025, reporting a turnover of S$12.7 billion. This marks a rise from S$12.2 billion in the previous year, reflecting continued demand for a regulated, responsible form of gaming in Singapore. The company highlighted how the majority of this turnover is…
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Singapore Pools FY 2024/25 Turnover: Highlights & Community Impact
Overview of FY 2024/25 Turnover Singapore Pools has announced its financial results for the year 2024/2025, reporting a total turnover of $12.7 billion. This marks a rise from $12.2 billion in the previous financial year, reflecting steady demand for its gaming and betting services. The disclosure was made on 8 October, underscoring the company’s role…