• Singapore e-payments sector continues to grow

    Singapore is seeing continued growth in the number of electronic payment transactions. This situation bodes well for the Singaporean government which is aiming to steadily trim down the use of cash and become cheque-free by 2025. According to Ong Ye Kung, education minister of Singapore, the state is also in the process of shoring up its consumer protection measures against risks that may arise in making e-payments. At the 45th annual dinner of the Association of Banks in Singapore on Wednesday, Ong said the take-up rate of e-payments…

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