Growing preference for debit cards is driving more Singapore shoppers towards electronic payments, with just 11 percent forking out physical cash.
Some 87 percent of consumers in the city-state expressed preference for e-payments, which was the highest in the Southeast Asian region, according to the 2016 Visa Consumer Payment study, conducted by Toluna.
The survey polled 500 Singaporeans on their attitudes towards various payment modes, including cash, mobile banking, online shopping, and contactless cards.
Read more about this article here: http://tolu.na/l/Qy69MfFm3
See you on the site!