FAST has helped transform Singapore payments and is now one of the world’s most advanced payments services!
In March 2014, Singapore implemented Fast And Secure Transfers (FAST). The aim of the project was to modernize the Singapore payments system and to facilitate immediate payments between participating banks. Following continued growth in customer numbers and transfer volumes, payment limits have been increased and real-time debit requests have been implemented. Recently, five more banks have joined.
FAST is an electronic funds transfer service that enables the customers of participating banks to transfer funds from one bank in Singapore to another almost instantly. The service, which was launched in March 2014, heralds a new era in electronic payments in Singapore….read more
Download the case study to learn more about how FAST has driven mobile innovation and empowered payments via Facebook, email and SMS
VocaLink is a sponsor of Future Bank Asia 2016, running this April 20-21 at Suntec Convention Centre, Singapore. To find out more about VocaLink, visit them at Stand T13. Download the event brochure or visit the event website for more details.