In brief: Singapore makes important advancements in e-payments

A universal QR code was launched to free merchants from the need to display multiple QR codes to accept different cashless payment schemes. Dubbed SGQR, the national QR code allows consumers to scan and transfer funds from as many as 27 e-payment apps, including GrabPay, Dash and Nets.

Source: The Straits Times

The country is also reaching another milestone: it will open up popular inter-bank money transfer service Fast to non-banks. This means that e-wallets don’t have to negotiate with individual banks to enable fund transfer between the wallet and the bank.