Aiming to be cheque-free by 2025 could be a tough proposition for older Singaporeans who are used to writing out their payments, but it is far from impossible. Sweden is one country that has become cheque-free, so it can be done as more and more of us embrace e-payments.
Monetary Authority of Singapore board member Ong Ye Kung noted last Wednesday that the share of cheques as a proportion of all payments using Fast (Fast and Secure Transfers), Giro and cheques was about 28 per cent last year, down from 37 per cent in 2015.
We have been experiencing some problems with subscriber log-ins and apologise for the inconvenience caused. Until we resolve the issues, subscribers need not log in to access ST Digital articles. But a log-in is still required for our PDFs.