Overspending among young S'pore adults grows with rise of cashless payment

Contactless payment methods in Singapore include credit and debit cards, e-wallets, PayWave and PayNow. PHOTO: ISTOCKPHOTO
New: Gift this subscriber-only story to your friends and family

SINGAPORE - When undergraduate Rexanne Ng got her debit card in junior college, payments became convenient and hassle-free.

However, she soon found herself making unnecessary purchases and losing track of her spending.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Get the ST Smart Parenting newsletter for expert advice. Visit the microsite for more.