FAST (Fast And Secure Transfers) is a new electronic funds transfer service that enables customers of the participating banks to transfer Singapore Dollar funds from one bank to another in Singapore almost instantly. Link to external site : Website for FAST (Fast And Secure Transfers) |  |
| Brand | |
| Launched in | |
| Status |
Active Register/Log In |
| Launch |
2014 Mar Register/Log In |
| Importance |
Leader Register/Log In |
| Traction | |
| Evaluation | |
| Account Type |
Bank Account Register/Log In |
| Business Model | |
| Class |
| Send | Services | Receive | ||||
|---|---|---|---|---|---|---|
 Mobile  Web |
 Account |
 |
 DMT  PaySys |
|
Account |
Mobile Web |
| Model |
bank based Upgrade to Bronze |
| Who Leads? |
bank led Upgrade to Bronze |
| Reach |
National Upgrade to Bronze |
| Active Users |
-- NA -- Upgrade to Bronze |
| Registered Users |
-- NA -- Upgrade to Bronze |
| Potential Mobile Market (m) |
7.744 Upgrade to Bronze |
| Regulations |
| Persona | |
| Purpose | |
| Active Services | |
| Card Type |
None Register/Log In |
| ServicesDescription |
New immediate account-based funds transfer system brings down the time for transfer from 3 working days to almost immediate receipt of money. Consumers can transfer funds up to S$10,000 per transaction subject to their daily or monthly withdrawal limits. The recipient bank account number is needed to make the transfer. Upgrade to Bronze |
| Channels | |
| Payment Instruments | |
| Cash I/O Description | |
| Cash I/O No Of Locations | |
| Handsets | |
| Technologies | |
| Interoperability | |
| RegistrationProcess |
Consumers can access FAST via your bank’s internet banking service using devices such as tablets, smart phones or personal computers. Register/Log In |
| Main Segment | Mainstream |
| Segment Description | Banked customers in Singapore |