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Currently Browsing: Results for Tag "cashless"

Singapore wants to be Asia’s Sweden in push for cashless payment

Singapore wants to be Asia’s Sweden in push for cashless payment “For consumers, the use of cash for daily payments is high,” Ravi Menon, managing director of the Monetary Authority of Singapore, said at a financial technology conference on Friday.7 checks were written per person in Singapore in 2014, compared with practically none in Sweden, he added.

India's attempt to go cashless is turning food vouchers digital

India's attempt to go cashless is turning food vouchers digital Last month India's federal bank mandated that even meal vouchers that corporate houses provide their employees must go digital by the end of 2017.And cashing in on this opportunity is Paytm, India's largest mobile wallet with 200 million users.

Visa is bribing small businesses to stop accepting cash

Visa is bribing small businesses to stop accepting cash The credit card and payments company is urging restaurants to stop accepting cash with its new Visa Cashless Challenge, which comes with a $10,000 prize.Many vendors have already made the switch to cashless payments only.

Asia's newest mobile wallet may actually get the region to go cashless, finally

Asia's newest mobile wallet may actually get the region to go cashless, finally Finally, people in Singapore are about to get an easier and quicker way to send money to a friend, via a mobile wallet app.But surprisingly, it's not coming from a bank or payment company — it's coming from ride-hailing app, Grab.