With the rise of online businesses and e-payment options over the last few months, coupled with the current Stay Home situation, Singapore has taken strides towards being a cashless, smart nation!
This month, we find out What Singapore Thinks about electronic payment!
Has COVID-19 Impacted our Payment Habits?
Before the COVID-19 situation happened, 40% of Singaporeans regularly used cashless methods to pay for their offline and online purchases.
Has this situation changed how often cashless transactions are made by Singaporeans?
It seems that Singaporeans are reporting more frequent use of cashless payments, especially for food delivery, online shopping and even face-to-face transactions!
Despite the trying times, it is heartening to see how this COVID-19 situation has the increased use of cashless payment methods, helping to reduce human contact and transmission of the virus, all while propelling our nation towards its long-term goals!
There’s no doubt COVID-19 has impacted the spending habits of Singaporeans! But, will Singaporeans continue using more cashless payment methods even after COVID-19?
But will Singaporeans continue using more cashless payment methods after the end of Covid-19?
A whopping 86% Singaporeans will continue using cashless payment methods! What about the TOP 3 considerations for these payment methods?
It is not surprising that security is the #1 consideration for Singaporeans using such apps, given the sensitive information needed to use them!
Singapore is slowly but surely transforming into an increasingly cashless, Smart Nation! We’re glad that the majority (54%) of Singaporeans think positively about this change!
Let’s all continue to adopt this positive mindset and keep up with the exciting transformation of our nation! 😊