Banking News

DBS launches real-time payments

DBS launches real-time payments

(15 March 2018 – Singapore) DBS is leveraging its partnership with payment solutions provider ACI Worldwide to roll out Singapore’s first real-time payments gateway service to corporate and institutional clients.

The platform utilizes ACI’s UP Real-Time Payments solution as the backbone of its enterprise payments framework, allowing merchant, wholesale and SME customers to offer FAST payments services.

“Successful digital payment transformation requires not only embracing the real-time paradigm, but also adopting an ‘open’ mindset in which Open APIs play an important part, as well as working with ecosystem partners to make banking services readily available and joyful,” said DBS’ Head of Institutional Banking Group Technology, Ng Peng Khim.

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