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Cashless system. Banks association, NETS looking at improving integration among payment schemes
The Straits Times
|November 20, 2025
We thank Professor Daniel Rabetti for sharing his thoughts on Singapore's digital payments system (Cashless but confusing: Can S'pore fix its digital payments system?, Nov 3).
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As the scheme owners of PayNow and Nets QR, we are committed to making QR payments easy to use.
Today, SGQR (Singapore's universal QR code standard) is widely used by Singaporeans every day. PayNow, which is available on SGQR, is used by more than 90 per cent of Singaporeans and Singapore businesses, with 10.6 million registrations and a monthly transaction value of $23 billion.
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