Qoo10 ordered to put payment services on hold in Singapore

Qoo10 will, however, be permitted to make payments for outstanding claims by merchants. — The Straits Times

SINGAPORE: Beleaguered online marketplace Qoo10 has been ordered to put its payment services here on hold, due to numerous payment delays to merchants listing their wares there.

However, the Monetary Authority of Singapore (MAS) also said in a statement on Monday evening that Qoo10 will be permitted to make payments for outstanding claims by these merchants.