To give companies enough time to adopt new e-payment methods, the deadline to cease corporate cheques is extended to end-2026. Retail cheques will still remain available. — The Straits Times
SINGAPORE: Users of retail and corporate cheques will have two new electronic payment methods as part of Singapore’s move to phase out cheques.
From mid-2025, they can use electronic deferred payment system EDP and EDP+ to do so, the Association of Banks in Singapore (ABS) and the Monetary Authority of Singapore (MAS) said on Dec 5.
