On 7th Sep 2017, Razer CEO posted on his facebook page regarding the submission of the e-payment proposal and the execute summary of that can be read from here. On 25th Aug 2017, I posted on my facebook page to my friends regarding what the e-payment system should be for Singapore to adopt, below is the copy and paste of the exact word I've written (sorry no link to my facebook page as I prefer to keep it private) :-
on the cashless e-payment system that we are looking into.
the proper and best solution or implementation is not to have another sole company or organization like NETS to operate but rather allow MAS or bank association to set up technical specification like those of the IEEE 802.xx or MPEG. this will ensure multiple players will have the opportunity to work on thereby creating jobs and demand for ......