I'm doing a final semester report on why Singapore is behind in the cashless wave and when we will move to a full cashless nation? Interested to know the community opinion here?

1. Governemet behind it
2. Cashless payments provide more discounts/benefits
3. Allows for easier trackment of payments

Moving to cashless society will take quite a while. New technology adoption by firms has too been slow regardless of policies which can provide cost-saving with implementation of better tech. Now, the scale is the entire Singapore. It is entirely feasible, but it'll be a slow transition. Cashless payments aren't all that convenient in certain cases, hawkers in wet markets, street buskers, karang guni all prefer the cash-and-carry system. Government has to either incentivise more or mandate it to make the shift faster.

You know you can't quote Seedly Right.?

Anyway, look at the issues surrounding the quick take up of cashless payment in China, versus Singapore.
From what I do know, it reduced the hassle of money and risk of loss (if paper money). And the banks all Honor it.

Then look into our strong card use, and also Hawker centres and misc uses.