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Hawkers need not make any special arrangement as the same-day settlement initiative will automatically kick in.
DBS' PayLah has helped to double the number of mobile payments in Singapore.
WeChat Pay is making inroads in Singapore with its first mall partnerships at Bugis+ and Bugis Junction
It seems like we are moving full speed ahead to becoming a cashless society.
It's not only because cashless payment systems are efficient and hygienic.
Fewer than 10% of people in Norway use cash — and a senior official thinks it could disappear completely in a decade
Use of physical money is incredibly rare in the Scandinavian nation, with less than 10% of transactions including cash.
Londoners are the most likely to be ready to ditch cash, while those in the Midlands are least willing, according to exclusive research from Kantar TNS.
Copper coins are rarely used in transactions, are expensive to manufacture, and have little role in an increasingly cashless society.
Cashlessness is a polarising concept. Some within the financial world believe that a cashless society is close, while others, don't see it ever happening.
A consortium led by Mizuho Financial Group and Japan Post Bank plans to launch the new digital currency in time for the Tokyo 2020 Olympics.