Wanyi Wong on cash use in Singapore
Why is Singapore still looking to ensure access to physical cash even as it pushes to streamline digital payments? Data from the central bank shows more than S$55 billion was withdrawn from ATMs in 2024, underscoring the continued role of cash in everyday transactions. CNA speaks to Wanyi Wong, FinTech Leader at PwC Singapore.
Why is Singapore still looking to ensure access to physical cash even as it pushes to streamline digital payments? Data from the central bank shows more than S$55 billion was withdrawn from ATMs in 2024, underscoring the continued role of cash in everyday transactions. CNA speaks to Wanyi Wong, FinTech Leader at PwC Singapore.