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Need for regulation grows in tandem with e-payments push in Southeast Asia

The current push towards electronic payments in Southeast Asia also increases the need for government regulation and consolidated systems to facilitate the smoothness and security of transactions.The Monetary Authority of Singapore’s (MAS) recent introduction of the Payments Council in February 2018 is one such example. The Payments Council is being set up with the aim of developing strategies that would drive increased adoption of e-payments.

18 February 2018
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Tech-loving Singaporeans still prefer cash

In tech-savvy Singapore, where almost everyone has a smartphone, nine out of 10 people still prefer to pay for everyday transactions the old-fashioned way – with cash. Like Theresa Loh, a 27-year-old sales clerk. She queues up with thousands of Singaporeans everyday at sprawling food courts across the city state that serve up cheap local delicacies like chicken rice and spicy noodle soup.And like thousands of lunchgoers, she pays in cash.

5 September 2017
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