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