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Singapore can use less cash and be cheque-free by 2025: Ong Ye Kung

E-payments via Fast, card transactions growing by over S$10 billion every year while ATM withdrawals falling S$300m each year

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Published Wed, Jun 20, 2018 · 09:50 PM

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    Singapore

    E-PAYMENTS are catching on and the government hopes to further reduce the use of cash and make Singapore cheque-free by 2025.

    It is also beefing up consumer protection against e-payment risks, said Minister for Education Ong Ye Kung at the 45th annual dinner of the Association of Banks in Singapore (ABS) on Wednesday.

    Monetary Authority of SingaporeDBSOCBCUOB

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