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Visa aiming for a cashless S'pore

Though S'pore is a mature market for cards, Visa still sees huge untapped opportunities.

In 12 months' time, 40% of Visa cards in the market should boast of the company's contactless payment function, says Ms Ooi.

VISA Singapore wants to displace cash in the city-state, where nearly 60 per cent of payments for personal consumption spending are already settled by electronic means, a top executive said in an interview.

Part of that push will come from revving up contactless payment services in...

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