Rise of e-hongbao in a Covid-19 Chinese New Year

DBS Bank is the first to offer an e-hongbao service in Singapore in 2015. ST PHOTO: ALPHONSUS CHERN
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SINGAPORE - E-hongbao look set to gain traction this year due to the pandemic.

With visitation restrictions, where only up to eight house guests a day are allowed, coupled with the advice from the Monetary Authority of Singapore to opt for e-hongbao, giving out virtual red packets might finally take off.

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