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Why is PayNow (excluding PayNow Mobile Number and Virtual Payments Address) the default mode of bank payments moving forward?
cpf
Source: https://www.cpf.gov.sg/memberPayNow (excluding PayNow Mobile Number and Virtual Payments Address) aligns with the government's drive for digital transformation and the Smart Nation initiative, as it promotes the adoption of digital payment. It also provides citizens a more secured mode of payment as they do not need to provide their bank account details to receive their service fee payments.
This information provided here is sourced from the CPF website.
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