Mainland China’s mobile point-of-sale payments market is forecast to reach US$198.2 billion this year, according to estimates from Statista. Photo: Shutterstock

Singapore, Hong Kong push to go cashless, as China pulls ahead in electronic payments

Like Hong Kong, Singapore is nudging its population to embrace mobile payments. The city state has pledged to reduce cash withdrawals at ATMs and phase out paper checks by 2025

Topic |   Digital economy

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Mainland China’s mobile point-of-sale payments market is forecast to reach US$198.2 billion this year, according to estimates from Statista. Photo: Shutterstock
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