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The Singapore Government launched CEPAS 2.0 (Contactless e-Purse Application), a Singaporean specification of a common standard for electronic money smart card, in 2009. The transit market was opened to more issuers, enabling NETS to participate and subsequently launch the NETS FlashPay card on 9 October 2009.
As of 8 June 2013, Singapore's unemployment rate is around 1.9% and the country's economy has a lowered growth rate, with a rate of 1.8% on a quarter-by-quarter basis—compared to 14.8% in 2010. 2015 and 2016 saw a downturn for the nation as GDP growth shrunk to just 2 percent.
"Five Cs of Singapore" — namely, cash, car, credit card, condominium and country club — is a phrase used in Singapore to refer to materialism. It was first coined as a popular observational joke during the 1990s about the aspirations of some Singaporeans that exhibits materialistic tendencies by constantly seeking to obtain material possessions in an effort to impress others.
Fitch has withdrawn all ratings for Libya because it does not have enough information to maintain coverage of the issuer. [374] Malawi. Mali. Mali was given a credit rating in 2004 as part of a UN development initiative, [375] but the rating was later withdrawn. [376] Marshall Islands. Mauritania.
EZ-Link. The EZ-Link card is a rechargeable contactless smart card and electronic money system that is primarily used as a payment method for public transport such as bus and rail lines in Singapore. A standard EZ-Link card is a credit-card-sized stored-value contact-less smart-card that comes in a variety of colours, as well as limited edition ...
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There are currently three local digital banks with full bank licence in Singapore. Trust Bank was jointly launched by FairPrice Group and Standard Chartered Bank on 1 September 2022. [2] GXS Bank is owned by Grab and Singtel. MariBank is owned by Sea Ltd . Local Digital Full Bank.
Credit Card. Annual Fee. APR. Bonus Features. Bank Americard Cash Rewards Visa Signature (Bank of America) None. 12.99% to 20.99% variable. • 0% APR on purchases and balance transfers for the ...