Innovate or risk being disrupted, says don

Credit cards run the risk of being disrupted by new methods of payment, said Associate Professor Lawrence Loh of the National University of Singapore (NUS).

"They have to innovate to be more mobile, more ubiquitous for payers. It's a basic survival issue and a more fundamental existential challenge," he said.

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A version of this article appeared in the print edition of The Straits Times on July 19, 2019, with the headline 'Innovate or risk being disrupted, says don'. Subscribe