Real-time payments are transforming digital payments for consumers, businesses and governments by delivering new levels of speed, innovation and efficiency. Today more than 60 countries already have instant (or "fast") payment systems (IPS) that allow these transactions to happen in mere seconds. But sending money abroad is often still slow and expensive.

In this roundtable, participants will seek possible solutions to connect these domestic IPSs internationally, with the goal of improving the speed, cost and transparency of cross-border payments.

As we embark on a new age of Digital Public Infrastructure, how do we take this revolution cross-border? This session brings together pioneers of interoperability with a focussed discussion on the benefits, safeguards and advancements that common, digital frameworks for trade and financial services can bring to SMEs.
Solving the flywheel problem of getting SMEs on digital rails to leverage the solutions being built for them - how do we get started and how do we keep it consistent?

This panel will assess the state of instant payment systems around the world to identify critical adoption levers and key success factors to the adoption of instant payments in the retail space. Bringing together viewpoints from the merchant community, fintech and the public sector, the panel will discuss the role of digital public infrastructure, collaboration between industry players and the role of merchants in customer adoption.

As digital payments become increasingly prevalent, QR payments have emerged as a popular and convenient way to pay for goods and services. However, with the proliferation of QR payment solutions, including offerings from payment service providers as well as national QR payment schemes, there is now a pressing need to consider how greater interoperability among QR payment solutions can be achieved. Private and public stakeholders, including payment service providers, financial regulators and merchants, will need to collaborate closely to achieve the vision of a truly interoperable QR payment solution, that can provide consumers and merchants with an efficient, seamless and inclusive way to make payments domestically and across borders. 
 
Join us at this panel where experts across the public and private sectors will discuss developments in QR payments and share their views on how the quest to drive greater interoperability in the QR payments space will shape the future of payments in Singapore and beyond. The panel discussants will also discuss efforts to enhance the interoperability of the Singapore Quick Response Code Scheme (SGQR), Singapore’s unified payment QR code scheme, including through the SGQR+ proof-of-concept conducted in conjunction with the Singapore FinTech Festival 2023.
 
Winners of the SGQR+ Lucky Draw will be drawn at the end of the panel discussion. To stand a chance to win a complimentary delegate pass to Singapore FinTech Festival 2024, simply 
- take a photo of the SGQR+ wobbler at participating merchants in District 16 and 17 (including in the SFF venue), 
- share this photo on LinkedIn with the hashtag #SGQR+; and 
- show this LinkedIn post to staff at the NETS booth (Hall 2) from 15 – 17 November 2023. 
Click here for more details on the SGQR+ Lucky Draw.