How likely would this situation be in Singapore? If you had asked me this 5 years ago, I wouldn’t have believed that our society could manage without cash. Back in 2015, Singaporeans were still loyal to cash with ,,60% of their transactions paid off in cash. However, this may not be as far-fetched as we think. Transactions with cash have reduced by one-third to 40% in 2017, with an expected 5% decrease year-on-year. With better cashless alternatives around, Singaporeans are gradually finding less need to carry cash around. With the recent COVID-19 situation, we can see an increase in advocacy for cashless and contactless payments. Local bank, DBS, reported that the number of cashless transactions had ,,doubled compared to the previous year during this global pandemic as more people started spending online. From these trends, we can see that Singapore is on track to achieving its goal of reducing...