Dear readers, as you know, Singapore is aiming to become a cashless society and various banks have banded together for a initiative called PayNow. PayNow currently allows consumers to effect payments among customers and plans are on the card to elevate this level of financial transaction to between consumers and industries. When that is done, Singapore will be on a firmer footing into realizing its vision of a cashless society. Moneyweek of 16 Aug 2017 featured how far China has developed in the scene of cashless society. I am amazed at just how China is ahead of cashless payment via mobile. However to me, I still prefer to pay via credit cards, chalking up some loyalty points to offset against my credit card bills. Watch the video below now......