Hawkers get faster access to funds from Nets transactions

SINGAPORE – In a move to address hawkers’ grouses about e-payment delays, Nets said on Thursday (Jan 17) proceeds from Nets transactions made before 5pm will now land in hawkers’ bank accounts by 11pm the same day. Proceeds from transactions made after 5pm will be credited to the hawkers’ bank accounts before 9am the next day. The firm said the initiative, which was launched on Thursday, will improve cash flow and give hawkers faster access to their funds. To be eligible for this new system, hawkers must have a DBS,…

Read More