Personal Finance
Teaching non-cents, is not nonsense
By Taby  •  June 30, 2020
Flying cars, robotic pets, and other cool innovations are what many Doraemon fans are anticipating since childhood. While some of the tools that appear in the cartoon seem impossible, the truth is that society is changing so rapidly that you never know when some things become irrelevant in our lives anymore. Kids today have never seen an MP3, a floppy disk, a payphone – all of these were still there 5 to 10 years ago. Society is changing fast, and we need to adapt how we are teaching our kids so that it keeps with the trend. “10 cent, 50 cent, 2 dollars…” This is how parents of today are teaching their kids when it comes to the concept of money. But have we thought about how long cold, hard cash will stay? With digital payments being ubiquitous, it is a matter of time the whole society goes cashless....
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By Taby
Taby was started by Jun Yi and Ann Qi in Stockholm under the NUS Overseas colleges, an enterprise arm of the university. During our stint in Sweden, we observed an increasing trend of card and digital payments in Stockholm and across Europe. Further research led us to uncover the prevalence of this wave of payment methods in the U.S. and parts of Asia across different types of markets. Both of us quickly saw the opportunity of this application in the teens market and we decided to form a team consisting of 4 NUS students to make it a reality.
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