Cash is no longer king

THIS WEEK'S TOPIC: How can Singaporeans be encouraged to use "less cash, less cheques" in everyday life? What implications are there for businesses (including banks, card issuers)?

Cheng Heng Chew Singapore Country Manager American Express

ANYONE who has gone on a diet understands how difficult it can be to change habits. Singaporeans have relied on cash and cheques for a long time - and ATMs and cheque deposit boxes are still readily available. So for many, there is no impetus to change the way they pay.