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◆ClearingPost

FAST

FPS

Fast And Secure Transfers - Singapore's instant payment system since 2014. 24/7/365. Supports P2P and P2M. PayNow overlay (2017) adds phone/NRIC proxy addressing. Operated by Banking Computer Services (BCS) under ABS. Settlement via MEPS+.

NowHours: computing from the published schedule…Service condition: not monitored details

ClearingPost does not assess whether FAST is running normally.

Next

Dated items ClearingPost holds, each with its source and whether the date is confirmed

No supported upcoming items in ClearingPost's records for FAST.

ClearingPost holds sourced upcoming items for 10 of 150 systems; an empty list is a statement about ClearingPost's records, not about a system's plans.

Changed

Material, sourced changes ClearingPost recorded; corrections to its own record are labelled as such

No substantive change recorded for FAST in ClearingPost's change records.

The full activity log for this system, including context notes, is on the Changes page.

Sources ClearingPost reads BCS / NETS · Authoritative (T1) · 8 of 14 fields carry a source and a recorded date · latest sourced entry recorded 23 Jul 2026 · evidence details ↓

Record · FAST

Country
Singapore (SG)
Currency
Singapore Dollar (SGD)
Operator
SPaN / BCS
Type
FPS
Operating Window
24/7/365
Year Established
2014
Tier?
Tier 2
ISO 20022?
Native
Region
Asia-Pacific
Settlement Type?
Net
Participants
26 (21 banks + 5 non-bank FIs, Jul 2025)
Avg Daily Transactions
~1.4M (500M+ in 2024)
Avg Daily Value
~SGD 1.8B/day (est. SGD 653B in 2024)
Notes

MAS and ABS announced PayNow Generation 2 study on June 25, 2026. Four priority enhancements: (1) PayNow+NETS QR interoperability pilot by end-2026, enabling cross-scheme QR scanning at any merchant; (2) deep-linked online checkout for PayNow QR codes within one year; (3) larger-value government payment capabilities via public-sector sandbox; (4) expanded business payment capabilities. Full implementation roadmap due by end-2026. Source: MAS/ABS joint media release (June 25, 2026). last recorded: 2026-07-23.

Reference Sources
BCS / NETS
Authoritative (T1)Entry recorded Mar 13, 2026

Operations · FAST

Operational monitoring: not configured. ClearingPost does not monitor operational sources for this system and does not assess its current service condition.

Operations lists the systems ClearingPost monitors and the operational events it has recorded.

Wider coverage that mentions FAST (2)

These articles mention FAST in their text but not in their headline or summary, so they are listed as context rather than as FAST intelligence.

Not listed here: 2 tagged articles that do not mention FAST. All coverage is in Insights.