Singapore to cut use of cash, hopes to go cheque-free by 2025

Straits Time: Singaporeans are adopting online payments with such gusto that the Government hopes that the country will be cheque-free by 2025.

The latest step will allow business owners and the Government to receive payments instantaneously, without having to disclose details such as bank account numbers.

This is made possible with the expansion of the PayNow transfer service to include businesses.

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