By Charlene Goh

Today-May 19, 2023

The Covid-19 pandemic has accelerated the adoption of electronic payments, with many users choosing not to carry cash around  Singapore’s adoption rate of cashless payments is now the highest in Southeast Asia However, seniors are less inclined to adopt cashless payments while recent service disruptions and rise of scams have also raised concerns among younger users  To enhance the resilience of e-payment systems, experts suggest having multiple payment options available and educating consumers about financial literacy Offline e-payments are also a potential solution, though the technology is still underdeveloped. Read more at: https://www.todayonline.com/big-read/big-read-can-spore-find-right-balance-e-payments-become-norm-2174916 First published in Today