Startups & VC

New Singapore payments code takes aim at hidden mark-ups and misleading "zero fee" claims

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Singapore's payments industry has launched a voluntary Payments Industry Code of Conduct, aiming to enhance transparency and combat hidden mark-ups and misleading 'zero fee' claims. This initiative sets common standards for payment service providers, focusing on clear pricing, fraud prevention, and data protection. Developers and tech professionals in the fintech space should note this as a move towards greater consumer trust and standardized practices, which could influence future product design and marketing strategies.

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New Singapore payments code takes aim at hidden mark-ups and misleading "zero fee" claims

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