"Sorry, we don't accept cash here." Parents, are your children ready for a cashless society?
How likely would this situation be in Singapore? If you had asked me this 5 years ago, I wouldn’t have believed that our society could manage without cash. Back in 2015, Singaporeans were still loyal to cash with 60% of their transactions paid off in cash. However, this may not be as far-fetched as we think. Transactions with cash have reduced by one-third to 40% in 2017, with an expected 5% decrease year-on-year. With better cashless alternatives around, Singaporeans are gra