{
  "id": 72856,
  "title": "New Singapore payments code takes aim at hidden mark-ups and misleading “zero fee” claims",
  "url": "https://urgent.news/2026/08/03/new-singapore-payments-code-takes-aim-at-hidden-mark-ups-and",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-03T06:00:31.000Z",
  "source": {
    "name": "e27",
    "slug": "e27",
    "url": "https://e27.co/new-singapore-payments-code-takes-aim-at-hidden-mark-ups-and-misleading-zero-fee-claims-20260803/"
  },
  "original_language": "en",
  "account": null,
  "summary": "The Singapore FinTech Association (SFA) has launched the Payments Industry Code of Conduct, a voluntary framework aimed at improving transparency and trust in the country's payments industry. The Code covers pricing transparency, advertising, fraud prevention, card dispute liability, data protection, operational resilience, and anti-money laundering and countering the financing of terrorism controls. Unlike a regulation, the Code is not mandatory, but payment service providers can assess their policies, systems, and processes against the standards and declare themselves as \"Code Adherents\" for a one-year period. The primary goal of the Code is to make payment costs easier to understand for consumers, especially in cross-border transactions, by requiring providers to display the full cost upfront, including fees, exchange rates, and any mark-ups.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}