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MAS and ABS chart PayNow 'Generation 2' instant payment enhancements

MAS and ABS chart PayNow 'Generation 2' instant payment study

Singapore · APAC Payment Infrastructure / RTP / Instant Payments
✓ Source Verified Confidence: HIGH Content: Reviewed by GPIR CURRENT
Event Type
Consultation
Published
2026-06-25
GPIR Refresh Cycle
MANUAL
Publication Status
CURRENT

GPIR Summary

MAS and the Association of Banks in Singapore announced they will study four areas of enhancement to Singapore's PayNow instant payment infrastructure under a 'PayNow Generation 2' initiative, announced at the ABS Annual Dinner on 25 June 2026.

Why It Matters

PayNow is Singapore's core retail instant-payment rail; enhancements here affect how consumers, merchants and public agencies transact domestically and set direction for Singapore's broader instant-payments interoperability with regional schemes.

Source

Source
Monetary Authority of Singapore (MAS) and Association of Banks in Singapore (ABS)
Publication
MAS and ABS Chart Instant Payments Enhancements with PayNow Generation 2 Study
Published
25 June 2026
Retrieved
14 August 2026
Read Original Source →

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