Alvin Tan on Money Lock feature introduced by local banks
Monetary Authority of Singapore Board Member Alvin Tan said that to date, there have been no reports of phishing or scams involving funds under the Money Lock feature which was introduced by the three local banks in November last year. He said that so far, more than 61,000 Money Lock accounts have been set up with over S$5.4 billion of savings set aside. He was responding to an MP’s questions in Parliament on Thursday (Feb 29).
Monetary Authority of Singapore Board Member Alvin Tan said that to date, there have been no reports of phishing or scams involving funds under the Money Lock feature which was introduced by the three local banks in November last year. He said that so far, more than 61,000 Money Lock accounts have been set up with over S$5.4 billion of savings set aside. He was responding to an MP’s questions in Parliament on Thursday (Feb 29).
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