Tuesday, September 5, 2017

Tech-Loving Singaporeans Still Prefer to Pay in Cold, Hard Cash

Bloomberg 2 hours 15 minutes ago
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  • 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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