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E-payments use in Singapore only scratching surface: PayPal

Survey shows 98% of Singaporeans own smartphones, but 90% still prefer cash as primary mode of payment

Eighty-five per cent of merchants surveyed who have turned to selling goods and services on social media - of which digital payment is a key transaction method - are seeing positive effects on their financial health.


SMACK on the heels of Prime Minister Lee Hsien Loong's call to transform Singapore into a Smart Nation is global online payments service provider PayPal's research showing just how much further Singapore needs to go to achieve that.