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In September 2018, it was announced that the Singapore government has appointed NETS as the master acquirer to unify and roll out e-payments to all 12,000 stalls at hawker centres, canteens and coffee shops in Singapore. [18] The Government will cover transaction fees of 0.5% payable by merchants until 31 December 2024. [19]
The MAS Electronic Payment System, or MEPS in short, is an SGD-only online interbank payment and fund transfer system in Singapore. [1] It went online in July 1998, and is owned and operated by the Monetary Authority of Singapore (MAS). The irrevocable transfer of funds and the real-time nature of transfers are some of the key features of MEPS.
Beginning in the 2000s many countries introduced e-visas and electronic travel authorisations (ETAs) as an alternative to traditional visas.An ETA is a kind of pre-arrival registration, which may or may not be officially classified as a visa depending on the issuing jurisdiction, required for foreign travellers who are exempted from obtaining a full visa.
A 63-days short term multiple entry Singapore e-visa in 2022. Singapore no longer endorses any sticker visas or passport stamps in any travel documents. hold a passport or a travel document valid for more than 6 months at the time of departure, [5] hold an onward or return ticket; [5] have sufficient funds for the duration of stay in Singapore; [5]
CEPAS, the Specification for Contactless e-Purse Application, is a Singaporean specification for an electronic money smart card.The specification was prepared by the Cards and Personnel Identification Technical Committee (CPITC), under the purview of the IT Standard Committee of Singapore (ITSCS).
PayNow is a near-instant real-time payment system developed by Association of Banks in Singapore. [1] The interface facilitates inter-bank peer-to-peer and person-to-merchant transactions. The system is supported by all major Singaporean banks and is regulated by the Monetary Authority of Singapore (MAS) and works by transferring funds between ...
The ticketing system is developed based on the Contactless e-Purse Application standard. The Symphony for e-payment (SeP) is the backend processing and clearing system for public transit. [21] SeP allows any smart card that complies with the CEPAS standard to be used within the system and a wide variety of payment applications.
The EZ-Link card is a rechargeable contactless smart card and electronic money system that is primarily used as a payment method for public transport such as bus and rail lines in Singapore. A standard EZ-Link card is a credit-card-sized stored-value contact-less smart-card that comes in a variety of colours, as well as limited edition designs.