However, I do hope that the day we completely phase out cash don’t come anytime soon.
Cash is always king
‘Cash is King!’ This is a long time catch phrase through so many generations. Online payments, cashless payments like PayPal, ApplePay, AndroidPay probably took some shine off the King, but it is still and in my opinion should always be King.
I would probably think that one of the contributing factors for our low crime rate in Singapore is the increasing usage of mobile payments and is making cash so rarely seen that bank robbers are left with nothing to steal. Although one guy did manage to get away with a successful bank robbery a few months back only to be caught 3 days later.
A chat with an acquaintance of mine brought up the topic of cashless payment in her child’s primary school in Singapore. Every child is given a cash card with pre-loaded cash in it and …