I noticed a message from my bank when i was online today, it was an update on revised bank charges for FAST and GIRO transfers.
It is a big change from the previous rates for the FAST transfer, which used to cost $5 per bank transfer, starting from 1st April it will be $0.50 per FAST transfer.
For slower GIRO transfers instead of $2 per transaction it will cost $0.20. Here is the official announcement:
Although they do mention that they want to encourage online transactions, I think the crypto world may be starting to have an effect here in Singapore. Just wanted to share.