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Major initiative to help all hawkers to go cashless
Up to 2 firms will be picked to unify e-payment systems and settle accounts with 12,000 stalls
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One firm, or at most two, will be appointed in the biggest step yet to unify the fragmented e-payment landscape here and bring cashless payments to all 12,000 stalls at hawker centres, canteens and coffee shops in Singapore.
The appointed firms will act as "master acquirers" to supply hawkers with systems to accept e-payments and to settle accounts with the hawkers. They will be the only touch points to reconcile accounts, and they must accommodate the entire range of payment schemes on their master network.
