Personal Finance
Used E Payment and There’s No Turning Back
By CS Jacky - 360 Wealth Management  •  November 19, 2018


I am referring to my recent holiday in Shanghai, where my wife and I experienced an almost full convenience of e payment and related services, thanks to the topping up of our WeChat wallet.

We circumvented the requirement of linking WeChat pay to a China bank account, by having my brother-in-law transferring CNY into our WeChat wallet, which we would return him SGD into his Spore bank account. We then went around our daily activities in Shanghai using WeChat pay.

Since we were already using WeChat pay to keep in touch, it follows that we used WeChat pay instead of Alipay, the effective duopoly of e payment that can be found in all sorts of retail points and daily services: cafe/bubble tea, supermarkets, restaurants, taxi payment, topping up MRT card, tourist attraction tickets, road side snack stalls etc. The standard question at end of every transaction was ‘你扫我还是我扫你?’ ie You scan my ...
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By CS Jacky - 360 Wealth Management
MAS dual-licensed stock remisier and financial adviser with Phillip Securities. Graduated with a Bachelor of Business Administration (Finance) from NUS. Bought first stock at the age of 22 and had been regularly investing in stock market since 2010. Select strong companies with good prospect trading at low valuation using a unique blend of fundamental, portfolio and technical analysis. Also invest in REITs for regular dividends.
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