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Citibank Singapore's branch in MacDonald House, which is a national monument. In June 2004, Citibank announced that it would be incorporating a wholly owned subsidiary of Citigroup in Singapore, known as Citibank Singapore Limited, with a paid-up capital of S$1.5 billion. This move, which saw Citibank becoming the first foreign bank to do so ...
Citibank is one of the earliest financial institutions in Singapore that is still in operation today. In 1902 International Banking Corporation becomes the first American bank to open a branch in Singapore. Located at 1 Prince Street, the Singapore branch focused on financing the exports of tin and rubber from the Malayan hinterland. [2]
Commercial banks in Singapore may undertake universal banking, such as the taking of deposits and the provision of cheque services and lending, as well any other business authorised by the Monetary Authority of Singapore, including financial advisory services, insurance brokering and capital market services, as long as they are permitted under section 30 of the Banking Act.
Citibank, N.A. ("N. A." stands for "National Association"; stylized as citibank) is the primary U.S. banking subsidiary of Citigroup, a financial services multinational corporation. [2] Citibank was founded in 1812 as City Bank of New York, and later became First National City Bank of New York. [3] The bank has branches in 19 countries.
The bank was previously known as The Development Bank of Singapore Limited, which "DBS" was derived from, before the present abbreviated name was adopted on 21 July 2003 to reflect its role as a global bank. [2] It is one of the "Big Three" local banks in Singapore, along with Oversea-Chinese Banking Corporation (OCBC) and United Overseas Bank ...
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.
Card-based, can be traded in at Ticketing Offices for NETS Prepaid Card, tops up at Station Machines, ATMs, or NETS App, displays fares and balances at station gates or bus readers, permits retail and motoring use. Ticketing Offices, Convenience Stores (7–11, Cheers, Buzz), NETS customer service, Lazada and Shopee platforms. [39]
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).
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