Singapore Gulf Bank Partners with BNY for 24/7 USD Payment Service
Singapore Gulf Bank has launched round-the-clock USD payment capabilities through a collaboration with BNY Mellon.
Singapore Gulf Bank has launched round-the-clock USD payment capabilities through a collaboration with BNY Mellon. This is an original TLT brief synthesising 2 outlets (The News Crypto, Crypto.news), plus live market data, as of Mon, 12 Oct 2026 21:00:04 UTC.
This development enhances Singapore Gulf Bank's ability to provide uninterrupted USD payment services, catering to both corporate and retail clients even during weekends and U.S. public holidays. It leverages BNY's established 24/7 transfer infrastructure to improve transaction efficiency and accessibility.
- Singapore Gulf Bank partners with BNY Mellon for 24/7 USD payment services.
- Eligible clients can now settle USD payments anytime, including weekends and U.S. holidays.
- BNY's 24/7 USD Book Transfers solution powers the new service offering.
Both The News Crypto and Crypto.news report that Singapore Gulf Bank has expanded its USD payment capabilities through a partnership with BNY Mellon, utilizing BNY's 24/7 USD Book Transfers solution. The service allows both corporate and retail clients to settle qualifying USD payments at any time, including weekends and U.S. public holidays. Both outlets confirm the announcement date as October 12 but differ slightly in emphasis, with The News Crypto highlighting the 'expansion' of existing capabilities while Crypto.news focuses on 'access' to the service.
Singapore Gulf Bank has announced a strategic partnership with BNY Mellon to enhance its USD payment services. The collaboration enables the bank to offer 24/7 USD payment capabilities, a significant upgrade from traditional banking hours.
The new service, powered by BNY's 24/7 USD Book Transfers solution, allows clients to initiate and settle qualifying USD payments at any time. This includes weekends and U.S. public holidays, addressing a critical gap in conventional banking services.
Multiple outlets corroborate that the service is available to both corporate and retail clients, though they differ slightly in their framing. The News Crypto emphasizes the 'expansion' of payment capabilities, while Crypto.news focuses on the 'access' this provides to clients.
This development comes at a time when digital and decentralized financial services are increasingly competing with traditional banking systems. By leveraging BNY's established infrastructure, Singapore Gulf Bank aims to provide a more seamless and efficient payment experience.
In the current market context, with the total crypto market cap at $2.87 trillion and 
Bitcoin experiencing a 0.98% decline in the last 24 hours, this move by Singapore Gulf Bank underscores the continued importance of traditional financial systems in supporting digital transactions. The broader market remains relatively flat, with a Fear & Greed index of 69 indicating a 'Greed' sentiment.
Singapore Gulf Bank Partners with BNY for 24/7 USD Payment S — questions & answers
What is the significance of 24/7 USD payment services?
It allows clients to conduct USD transactions anytime, improving convenience and efficiency, especially during weekends and holidays.
How does BNY Mellon support this service?
BNY Mellon provides the 24/7 USD Book Transfers solution that powers the payment service.
Who can use the new payment service?
Both corporate and retail clients of Singapore Gulf Bank are eligible for the service.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from The News Crypto, Crypto.news, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.