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NETS operates Singapore's national debit scheme enabling customers of DBS Bank, POSB, HSBC, Maybank, OCBC Bank, Standard Chartered Bank, CIMB and UOB to make payments using their physical/contactless ATM cards or mobile devices at more than 120,000 acceptance points in Singapore including major retailers, food courts, hawker centres, convenience stores and supermarkets.
In June 2023, DBS was fined S$2.6 million by the Monetary Authority of Singapore (MAS) for breaching anti-money laundering and countering the financing of terrorism requirements, in a matter related to the German payments provider Wirecard scandal between July 2015 and February 2020, in relation to the accounts of 11 corporate customers. [53]
A debit card, also known as a check card or bank card, is a payment card that can be used in place of cash to make purchases. The card usually consists of the bank's name, a card number, the cardholder's name, and an expiration date, on either the front or the back.
It is the largest and oldest local bank in continuous operation in Singapore with over four million customers. [1] Established on 1 January 1877 as the Post Office Savings Bank (Chinese: 郵政儲蓄銀行; pinyin: Yóuzhèngchǔxù Yínháng), [2] POSB currently operates as part of DBS Bank after being acquired on 16 November 1998. [3]
The validity period of the Singapore passport will be extended to 10 years, up from the current five, from 1 October.
[citation needed] Simultaneously, from 2001 to 2013, he was among the board of directors at Singapore Technologies Engineering. In May 2010 he became the Chairman of DBS Bank, and later in Singapore Airlines in 2017. Seah holds numerous board positions, including being the Chairman of LASALLE College of the Arts in Singapore.
DBS Bank (Hong Kong) Limited (Chinese: 星展銀行（香港）有限公司) is a licensed bank incorporated in Hong Kong and is a subsidiary of DBS Bank headquartered in Singapore. As of 2022, it is the eighth-largest bank in Hong Kong by total assets.
The pass is purchased at $10, valid for one day per pass, for foreign registered cars to enter the CBD during on-peak hours during weekdays. Since 2005, the cost of the pass has been reduced by half. [1] [2] [3] Autopass Cards are sold at the primary clearance/immigration booths or VEP/Tolls office at the Tuas and Woodlands checkpoints in ...