CNA938 Rewind - With over 30 digital payment options, are you spoiled for choice or just confused? #SGToday
PayNow and PayLah are quite different. One’s a national network for bank-to-bank transfers, while the other is an eWallet run by DBS itself. Last week (Jul 23) PayLah users experienced an hours-long disruption…and if affected, you probably switched to another payment option. But with upwards of 30 digital payment options run by various companies (not always financial institutions), are you opening yourself up to more risk with every device, super-app or cross-border wallet you maintain? Daniel Martin discusses with Chia Hock Lai, Chairman of the Responsible Fintech Institute.