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Singapore on course to be cashless society: Swedish minister

But it mustn't make the transition too quickly - to avoid financial exclusion of tech-challenged citizens

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Published Fri, Nov 18, 2016 · 09:50 PM

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    Singapore

    SINGAPORE could soon become a cashless society - but it must do it at its own pace, says Per Bolund, Sweden's Minister for Financial Markets and Deputy Finance Minister.

    Mr Bolund - who on Friday gave the keynote address at the Singapore FinTech Festival's ABS-MAS RegTech Forum - told The Business Times in an interview that it's only a matter of time before cashless transactions become the norm in the Republic.

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