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Singapore central bank teams with banks to strengthen GIRO payment system.
Singapore's central bank is teaming up with banks to strengthen the GIRO payment system following concerns about unauthorized deductions and billing errors.
MAS officials announced a review to explore adding transaction limits and improving monitoring, addressing rare but reported instances of duplicate charges.
Consumers are advised to review their existing arrangements to protect themselves.
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El banco central de Singapur trabaja en equipo con los bancos para fortalecer el sistema de pagos GIRO.