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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).
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.
This payment system has been widely accepted by consumers and merchants throughout the world, and is by far the most popular method of payments especially in the retail markets. [1] Some of the most important advantages over the traditional modes of payment are: privacy , integrity, compatibility, good transaction efficiency, acceptability ...
There are varied types of electronic payment methods such as online credit card transactions, e-wallets, e-cash and wireless payment system. [5] Credit cards constitute a popular method of online payment but can be expensive for the merchant to accept because of transaction fees primarily. Debit cards constitute an excellent alternative with ...
Singapore 20.2 4.3 396.9 37.6 Banking 4 462 Wilmar International: Singapore 67.2 1.5 61.8 14.7 Food production 5 619 Singtel: Singapore 10.6 2.4 34.5 29.7 Telecommunication 6 697 Singapore Airlines: Singapore 14.1 2.0 33.4 15.0 Airline 7 1254 Keppel Ltd. Singapore 5.2 3.0 20.3 8.9 Electronics 8 1254 Olam International: Singapore 35.9 0.2 25.6 3.3
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.
A fourth category requires that a merchant have a single connection to an alternative payment provider. This alternative payment provider has connections to multiple online banks. This does not require the consumer to share their online banking credentials, but still offers the same advantages to the merchants as “overlay payment solutions ...
Crystal Jade Culinary Concepts Holding (Chinese: 翡翠餐饮集团) is a Singapore-based Chinese restaurant culinary brand with one Michelin star and multiple Michelin Bib Gourmand awards. It is currently owned by L Catterton Asia, the private equity arm of LVMH , since 2014.