Tagged: e-gifting

Monetary Authority of Singapore Requests Residents to use E-Hongbao, a Virtual Red Packet for Gifting During Lunar New Year

February 11, 2021 @ 10:47 pm By Omar Faridi |

The 2021 Lunar New Year is approaching and authorities in Southeast Asia are now encouraging locals to turn to virtual red packets and online transactions, instead of using paper currency notes (in order to prevent the further spread of COVID-19). Asian residents are also being… Read More

Monetary Authority of Singapore and Nation’s Association of Banks are Encouraging Consumers to Use E-Gifting for Lunar New Year

January 18, 2021 @ 10:56 pm By Omar Faridi |

The Monetary Authority of Singapore (MAS), the nation’s central bank and financial regulator, is encouraging the country’s residents to use e-hong baos, which are monetary gifts handed out in envelopes, during the upcoming Lunar New Year. Singapore’s Association of Banks (ABS) said it would be… Read More