Saturday, 10 Jun 2023

Contact-free digital payments see big jump with Covid-19

SINGAPORE – More people are turning to digital payments amid Covid-19, with the volume of PayNow transactions set to far surpass that of last year.

It has already hit $64 billion in value from January to October, well up on the $25 billion recorded in the same period last year, the Association of Banks in Singapore (ABS) told The Straits Times. The amounts cover both retail and corporate users.

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