DBS launches business-to-business payments via QR code

SINGAPORE - DBS Bank has introduced a solution targeting the largely cash and paper-based business-to-business payments and collections landscape in Singapore.

The end-to-end platform is quick response code-based and enables instant payments through the bank's fund transfer service PayNow. DBS said it plans to roll out the solution to the wider F&B ecosystem, logistics companies and import/export merchants by the end of 2020.

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