More consumers, businesses in Singapore eschew cheques but some reluctance remains
SINGAPORE – Cheques were once a key feature of public servant Victor Lim’s financial armoury but they have become a relic of a bygone age.
Paying bills no longer requires him filling out this and that on a slip of paper; it’s Internet banking and AXS machines for most transactions now: “These alternatives are more convenient and can be done 24/7.”
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