Contactless, mobile pay dethrone cash in Singapore

Five in 10 say cash is their least preferred payment method.

Cash is no longer king -- for Singaporeans, at least.

Data from Yahoo showed that most consumers in Singapore prefer using contactless credit, debit or prepaid cards (34%) when paying for their purchases.

Mobile e-wallets and digital payment services are close behind (31%).

Despite being the least preferred payment option of 54% of Singaporeans, cash is still used more (18%) than physical credit, debit or prepaid cards.

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