Tuesday, October 6, 2020

Bringing Singapore’s Digital Payments Infrastructure into the Future

Singapore, as a digital nation, faces an interesting conundrum—despite our early adoption of digital payment services over 30 years ago, to the proliferation of digital payment solutions today, we’ve stumbled in getting full buy-in for digital payment services, and cash continues to reign supreme in Singapore. Only with the recent COVID-19 situation have we seen an increased uptake of digital payment services, spurred partly by the need for contactless payments. For instance, Singapore ride-hailing giant Grab saw double-digit growth in transactions on its digital wallet service GrabPay within the first few weeks of social distancing. Singapore has had a slow start…

The post Bringing Singapore’s Digital Payments Infrastructure into the Future appeared first on Interconnections - The Equinix Blog.



source https://blog.equinix.com/blog/2020/10/06/bringing-singapores-digital-payments-infrastructure-into-the-future/

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