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
Add BT as a preferred sourceSingapore
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.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
From post-war hardships to ‘era of national rise’: Vietnam’s family firms face first succession test
‘We’re not a bubble tea brand’: Chagee aims to double Asia-Pacific footprint to 600 stores by 2027
