Users will now be able to top up their GrabPay, Liquid Pay and Singtel Dash e-wallets directly from their bank accounts and transfer funds between these e-wallets via instant fund transfer service PayNow.

Most e-wallets had typically required users to top up their funds using debit or credit cards, and transfers between e-wallets were not allowed.

This is the first time PayNow is being offered by financial institutions which are not banks, with Grab, Liquid and Singtel joining the existing nine banks that already have the service.