Panicking is the first thing that came to my mind when a note was delivered to me saying tbat my bank account was forced to be closed because the bank that is handling it was bankrupted. Questions such as will I be able to recover my money and if the money I saved was able to gain interest. What am i going to do if I wasn't able to take my money back?
This platform provides zero flexibility of refunding from wallet if there is an error in the process of toping up the amount. Been told by Customer service that the only way is to terminate the account and the refund will be credited after 2 weeks. The UI as well have to be clear at the home screen on which default payment mode are we on as I've been told that the payment mode might switch every time after updating the app
NETSPay / Electronic Transfers Singapore
Liquid Pay is a much smaller player in the scene, but I am seeing more and more of that bright blue logo nowadays. Liquid Group is a payments technology company that works with financial institutions and telcos to enhance mobile payment capabilities. Amidst the competitive market, it seems that Liquid Pay has an uphill battle acquiring customers from other mobile wallets that boasts more integration with other uses like GrabPay and DBS PayLah. Yet, given the circumstances, Liquid Pay is surprisingly widely accepted at food and beverage outlets.
Liquid Pay / Fave Group
This folks have a terrible customer service in Singapore. If you have a problem, then good luck trying to contact them. I requested for refund and stop any payment to a certain company because I did not receive the ordered items and there was no delivery schedule or whatsoever. The reply was really classic, "Thank you for reporting this case, after reviewing your case, we found that this transaction was not unauthorized and hence couldn't be covered under PayPal Purchase Protection" and just like that the case was closed.
PayPal / PayPal
Every transaction you complete using CardUp will incur a 2.6% transaction fee. This can actually add up over time, especially if you’re relying heavily on CardUp. That being said, if your card offers cash rebates or frequent flyer miles, you may easily be able to offset the transaction fee. CardUp works by being a middleman in your transactions. Instead of directly transferring funds from your account to a vendor, you pay CardUp via credit card. CardUp will then transfer the funds to your designated vendor. CardUp charges you a transaction fee for each payment made.
CardUp / CardUp
The most common, and easiest, method for WeChat payments is person-to-person. The person to whom you’re sending money must already be a WeChat friend of yours. You start by composing a message to them and then add a “transfer” to them. When you click on the “transfer” button, you’ll be asked how much money you want to send to them. Enter an amount in RMB. You’ll then be asked to enter your password. Do that, and you’ll see a reddish-orange “transfer” icon appears.The recipient will see this in their WeChat app, and will then have to accept the transfer. Once they do, they will receive it.
WeChat Pay / Tencent Holdings
Technically, you can open an Alipay account in Singapore, but you need a Chinese mobile number and credit card in order to transfer funds to your Alipay mobile wallet. If you’re a Singaporean who lives in China, you’ll be able to top up your Alipay account and use it both in China and Singapore. The following merchants in Singapore accept payment using Alipay; ComfortDelGro, Prime Taxis, Universal Studios, Resorts World Sentosa, Singapore Zoo, Metro and Robinsons. Now you can ask your friends to transfer money via HitPay to you instead of getting them to part with physical money.
AliPay / Alipay Singapore E-Commerce
No Name
There is nothing to worry since although the bank faced bankruptcy, There is a certain department that will just collect all the money but will still settle the debts left. This department is responsible for keeping the money and they also make sure that no money saved will be lost. Although the bank faced bankruptcy, that does not mean that the money saved will also be lost.