CONNECT: Payments news from VocaLink


Sign up to receive Vocalink Connect updates direct to your email

Contact permission

I agree that Vocalink may use my contact details to send me email marketing communications about all products and services. You are free to withdraw your consent at any time, free of charge. More information on Mastercard’s privacy practices and on your rights including withdrawing consent is available in the Vocalink Privacy Notice. By clicking Submit I understand that my personal data will be processed by Vocalink in the context of Vocalink products and services as described in the Privacy Notice.

Thank you

Thanks for subscribing to the VocaLink Connect newsletter

FAST - A platform for innovation

09 October 2015

FAST - A platform for innovation

Proposition Delivery Director,

In March 2014, Singapore implemented Fast And Secure Transfers (FAST). The aim of the project was to modernise the Singapore payments system and to facilitate immediate payments between participating banks. Following continued growth in customer numbers and transfer volumes, payment limits have been increased and real-time debit requests have been implemented. Recently, five more banks have joined.

FAST is an electronic funds transfer service that enables the customers of participating banks to transfer funds from one bank in Singapore to another almost instantly. The service, which was launched in March 2014, heralds a new era in electronic payments in Singapore.

Click here to download the case study. 

Back to the top of the page