Under the new guidelines, the $100 cap does not apply. Consumers disputing unauthorised transactions need to show they had not been reckless.. Read more at straitstimes.com.
The set of rules will apply to banks' e-wallets such as the DBS PayLah, as well as firms with widely accepted stored-value facilities, namely the ez-link card, Nets CashCard, Nets FlashPay, CapitaVoucher and Xfers Wallet.
Technology firms such as Grab and Singtel, which offer stored-value services via the GrabPay and Dash e-wallets, are not covered by this set of rules.Enjoy unlimited access to ST's best work Subscribe Now
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