22 July 2017
download the report now

VocaLink partners BCSIS on Immediate Payments in Singapore

29 October 2012  |  8303 views  |  0 Singapore Building 1

VocaLink has teamed up with Singapore's BCSIS to roll out its Immediate Payments technology at the banks in the Asian country.

Last year British bank-owned VocaLink sought to capitalise on the infrastructure it developed for the UK's Faster Payments Service with a global offering.

Immediate Payments is designed to enable banks to offer consumers and businesses the ability to transfer funds between accounts in real time and to deliver mobile and online products and services.

The British firm has focussed its efforts on the Asia Pacific market, inking a deal with Fundtech at launch before working with First Data and Accenture earlier this year to pitch the technology in Australia.

Now it has trained its eye on Singapore, with local expert BCSIS on-board to help promote, implement and support Immediate Payments. So far, VocaLink says, more than 10 banks are committed to go live with the service, and more will join in subsequent tranches.

Marc Terry, MD, commercial services, VocaLink, says: "We strongly believe this is best achieved through a collaborative approach, partnering with local experts such as BCSIS who have the acknowledged skills and capabilities and we look forward to working with them to deliver these solutions."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

VocaLink, First Data and Accenture pitch Aussie real-time payments system

VocaLink, First Data and Accenture pitch Aussie real-time payments system

11 September 2012  |  11921 views  |  1 comments | 1 linkedin
Singapore telcos launch NFC mobile wallets

Singapore telcos launch NFC mobile wallets

24 August 2012  |  8827 views  |  0 comments
Singapore banks move to EMV for ATM cards

Singapore banks move to EMV for ATM cards

20 January 2012  |  8322 views  |  0 comments
VocaLink ditches Sepa services

VocaLink ditches Sepa services

22 August 2011  |  17140 views  |  4 comments
Brits want 'Immediate Mobile Payments' - VocaLink

Brits want 'Immediate Mobile Payments' - VocaLink

25 October 2010  |  10068 views  |  0 comments
Faster Payments slow so far, but business cases for banks emerging

Faster Payments slow so far, but business cases for banks emerging

15 September 2009  |  10567 views  |  1 comments
Payments Council rebuts OFT criticism on Faster Payments

Payments Council rebuts OFT criticism on Faster Payments

11 August 2009  |  7902 views  |  0 comments
UK's Faster Payments service goes live

UK's Faster Payments service goes live

27 May 2008  |  14402 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.ncr.comvisit www.finastra.com

Top topics

Most viewed Most shared
German fintech factory FinLeap raises EUR39 millionGerman fintech factory FinLeap raises EUR3...
13291 views comments | 19 tweets | 15 linkedin
Mastercard to buy AI outfit BrighterionMastercard to buy AI outfit Brighterion
9441 views comments | 14 tweets | 20 linkedin
Barclays rides payments-as-a-service wave with investment in Form3Barclays rides payments-as-a-service wave...
8507 views comments | 16 tweets | 12 linkedin
hands typing furiouslyThe Digital Trade Chain: the blockchain tr...
8149 views 0 | 8 tweets | 16 linkedin
Mastercard and Scotiabank join Enterprise Ethereum AllianceMastercard and Scotiabank join Enterprise...
7003 views comments | 25 tweets | 15 linkedin

Featured job

£100-120K Basic dependent on experience plus subst...
London

Find your next job