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.
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