Proposal for Using PayNow as Payment Method for Child Development Account Transactions
- Don Wee asked if PayNow can be added alongside NETS for Child Development Account payments to approved institutions.
- The Ministry of Social and Family Development said it will review alternative payment modes as part of regular CDA scheme reviews.
- Any new mode must be convenient for parents and trustees while ensuring safeguards against unauthorized use.
- The Ministry emphasized that CDA funds are strictly for specified expenditures and require proper protection.
- The response indicates consideration of PayNow but no commitment to immediate implementation.