More consumers, businesses in Singapore eschew cheques but some reluctance remains

Cheque transactions by retail customers at DBS are expected to fall by 20 per cent this year compared with 2020. PHOTO: THE NEW PAPER
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SINGAPORE - Cheques were once a key feature of public servant Victor Lim's financial armoury but they have become a relic of a bygone age.

Paying bills no longer requires him filling out this and that on a slip of paper; it's Internet banking and AXS machines for most transactions now: "These alternatives are more convenient and can be done 24/7."

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