Hmmm....

I assume that the funds will arrive as debit, like a pre-paid, and will be deducted from my spendings. How do you come to your conclusions, do you have official info?

@John: Although I'd commented on a different Finextra item today seeking more details of the withdrawal process, I hadn't dreamt of such a diabolical scenario as you've outlined. Good catch! But hope it doesn't come true. 

My Visa is a debit card (with no withdrawal fees) so I guess the money would end up in my bank account instantly. I assume there is some transaction fee though for the sender and/or the receiver.

@tonnis - no, I have no insider knowledge.  However, having worked in the cards industry in the UK, I am pretty certain that this is the way it would work, especially for credit cards.

They are not going to do this as a free service, someone will pay, and, as usual, that will be the consumer.

details @ http://www.visa-asia.com/ap/sea/mediacenter/pressrelease/NR_SGP_210211.shtml