FAST
FAST (Fast And Secure Transfers) is Singapore's real-time interbank fund transfer service, enabling individuals and businesses to transfer SGD funds between participating banks almost instantaneously, 24 hours a day, 7 days a week.
PayNow
PayNow is Singapore's peer-to-peer fund transfer service that allows individuals and businesses to send and receive SGD instantly using proxy identifiers — eliminating the need to know the recipient's bank account number. It runs on top of the FAST infrastructure.
GIRO
GIRO (General Interbank Recurring Order) is Singapore's electronic interbank payment system for batch processing of low-value, high-volume fund transfers including direct debits (bill payments) and direct credits (payroll, government disbursements).
SWIFT MT103
The MT103 is a SWIFT standard message type used to instruct a cross-border single customer credit transfer. It is one of the most widely used SWIFT messages globally, enabling banks to send payment instructions on behalf of their customers to correspondent banks worldwide.
SWIFT MX pacs.008
The pacs.008 (FI-to-FI Customer Credit Transfer) is an ISO 20022 MX message used between financial institutions for customer credit transfers. It carries richer structured data that can improve screening, straight-through processing, reconciliation, and payment transparency.