Nursing administrator Louis Ong, who is in his early 30s, and his wife will not be readying stacks of red packets, or hongbao, to give out this weekend, when Chinese New Year (CNY) starts.
They will instead be giving out e-hongbao and getting their friends and relatives to tap on their smartphones to have their hongbao money transferred directly to their bank accounts.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
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