Moving to instant payment systems

Cashless payments have become the de facto for businesses and consumers who pave the way in being digitally savvy. Businesses are able to reap the benefits of instant payment systems through the high smartphone penetration and real-time payment modes offered by their devices.

Instant Payment Systems Implementation

Businesses and consumers are increasingly adopting cashless payments and Asia is leading the charge in being digitally savvy.

Catalysed by a string of factors – from cashless payment via e-wallets and high smartphone penetration to real-time payment modes and positive government push towards cashless, businesses and consumers are ditching cash and cheques in favour of instant payments.

Read on to find out how your business can reap the benefits of moving to instantaneous payment systems. An improved customer experience and higher operational efficiency are just some of the benefits for businesses.

Want to find out how your business can move away from cash and cheques and benefit from instant payments? Register or login to Treasury Prism to simulate the possibilities for your business.

Send SGD funds in Singapore to domestic accounts using MEPS Singapore.

Infographic: Moving to instant payment systems

Digital Payments features and benefits

Discover a spectrum of opportunities
Explore DBS Treasury Prism today to start simulating moving away from using cash and cheques to using instant payments and discover opportunities for your business.

Be a part of DBS BusinessClass

Stay updated with latest business trends and connect with a network of like-minded business owners across the region.

Gain access to exclusive content and event invitations to boost your business for the future.

Subscribe now

The information herein is published by DBS Bank Ltd. (“DBS Bank”) and is for information only.

The information is not directed to, or intended for distribution to or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation.

DBS Bank Ltd. All rights reserved. All services are subject to applicable laws and regulations and service terms. Not all products and services are available in all geographic areas. Eligibility for particular products and services is subject to final determination by DBS Bank Ltd and/or its affiliates/subsidiaries.