0 seconds ago
The
overall economy cost savings using ePayment and less cash and coins are
significant - eg. less ATM (to install and maintain), manpower cost,
security cost like cctv, security armed guards, printing money and
coins, queues in bank, bank charges for depositing coins etc.
This can be passed back to retailers, hawkers and consumers by not
levying charges for installing devices for QR code ePayment.
In the long run, this will make Singapore Economy financial transaction
more cost effective, efficient and generate more Economic growth.
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