Asked by Anonymous

In the future do you think we will completely abandon cash and that all payments and transactions will be done digitally?

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  • Ng Wei En
    Ng Wei En, Bachelor of Science(Information Systems) at Singapore Management University
    Level 3. Wonderkid
    Answered on 17 Nov 2018

    I would say within the nect decade, payments would be largely digital. All movement of $ will be tracked. Only motivation for cash payments would be to avoid detection for reasons we all know.

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  • Nicholes Wong
    Nicholes Wong, Diploma in Business Management at Nanyang Polytechnic
    Level 6. Master
    Answered on 16 Nov 2018

    Hard. Maybe it will happen after like 40-50 years.

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  • Gabriel Lee
    Gabriel Lee
    Level 6. Master
    Updated on 19 Nov 2018

    Maybe in the future (a few decades), but definitely not in the near future. Too many choices? https://www.channelnewsasia.com/news/commentary/singapore-cashless-society-digital-e-payment-smart-nation-facade-10937012?cid=FBcna

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  • Yong Kah Hwee
    Yong Kah Hwee
    Level 6. Master
    Answered on 16 Nov 2018

    Yes. I'm expecting it to be done within the next decade or so

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  • Lok Yang Teng
    Lok Yang Teng
    Level 6. Master
    Answered on 16 Nov 2018

    Could be possible, but transition to completely cash free will be very slow.

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