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Singapore on track to hit 2025 cheque-free target

PayNow transactions hit over 5m in July with total monthly values above S$1b; but more work needed on adoption of QR code payments

Published Tue, Sep 3, 2019 · 09:50 PM

E-payments

Singapore

SINGAPORE's cheque-free target by 2025 came into focus on Tuesday as fresh figures show cheque volumes have been falling annually by 8 per cent over the last three years.

BT understands that this means Singapore is likely on track to meet the target - set by the government last June following the rising adoption of e-payment services.