Evolution of digital payments: Early learnings from Singapore’s cashless payment drive

• Main Author: NG, Dennis
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2018
• Subjects: China; QR code; Singapore; WeChat; cashless payments; digital payment evolution; mass transit payment; small-value payments; Asian Studies; E-Commerce; Technology and Innovation
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/6198; https://ink.library.smu.edu.sg/context/lkcsb_research/article/7197/viewcontent/Singapore_s_Cashless_Payment_Evolution_Revised_141217_v1.pdf
• Institution: Singapore Management University

This paper discusses the digital payment scenario unfolding in Singapore as the country’s government ponders the tremendous leap made by China in the digital payment space. The paper discusses possible key factors contributing to the success of digital payments in China, such as the success of WeCha...